Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Langlade County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,999 | $176,921 | $242,182 |
| Price Trend (Annual %) | 6.6% | 5.3% | 8.2% |
| Median Gross Rent | $736 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 2.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Langlade County is about 49% lower than in Wisconsin. Rent is about 30% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Langlade County, up about 6.6% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Langlade County rose about 23.4% between 2015 and 2023, from $596 to $736. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Langlade County.
Buying the median-priced home in Langlade County costs roughly 10.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Langlade County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Langlade County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,999 | $176,921 | $242,182 |
| Median Household Income | $58,321 | $75,766 | $78,145 |
| Price-to-Income Ratio | 1.5 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Langlade County rose about 34.9%, while median household income rose about 45.3% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Langlade County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.0% | 60.4% | 58.2% |
| Rental Rate | 15.5% | 28.6% | 31.3% |
| Vacancy Rate | 29.5% | 11.1% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Langlade County has a homeownership rate of 55.0%, lower than the Wisconsin average of 60.4%. Its housing vacancy rate is 29.5%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Langlade County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1971 | 1973 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Langlade County was built around 1971. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Langlade County, Wisconsin.
What is the median home price in Langlade County, Wisconsin?
The median home price in Langlade County, Wisconsin is $89,999, lower than the Wisconsin average of $176,921.
What is the average home price in Langlade County, Wisconsin?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Langlade County, Wisconsin?
The median gross rent in Langlade County, Wisconsin is $736 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Langlade County in 2020?
In 2020, the median gross rent in Langlade County, Wisconsin was $641 per month.
What is the price-to-rent ratio in Langlade County, Wisconsin?
The price-to-rent ratio in Langlade County, Wisconsin is about 10.2, meaning it would take roughly 10.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Langlade County.
Are home prices or rent rising faster in Langlade County, Wisconsin?
Both home prices and rent are rising in Langlade County, up about 6.6% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Langlade County, Wisconsin?
55.0% of households in Langlade County, Wisconsin own their home, lower than the Wisconsin average of 60.4%.
What is the vacancy rate in Langlade County, Wisconsin?
The housing vacancy rate in Langlade County, Wisconsin is 29.5%, higher than the Wisconsin average of 11.1%.