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 | Marinette County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,624 | $176,921 | $242,182 |
| Price Trend (Annual %) | 13.7% | 5.3% | 8.2% |
| Median Gross Rent | $748 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 2.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marinette County is about 21% lower than in Wisconsin. Rent is about 28% 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 Marinette County, up about 13.7% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Marinette County rose about 19.2% between 2015 and 2023, from $628 to $748. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Marinette County.
Buying the median-priced home in Marinette County costs roughly 15.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Marinette County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Marinette County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,624 | $176,921 | $242,182 |
| Median Household Income | $63,212 | $75,766 | $78,145 |
| Price-to-Income Ratio | 2.2 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Marinette County rose about 141.6%, while median household income rose about 55.8% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Marinette County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.0% | 60.4% | 58.2% |
| Rental Rate | 12.4% | 28.6% | 31.3% |
| Vacancy Rate | 36.5% | 11.1% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Marinette County has a homeownership rate of 51.0%, lower than the Wisconsin average of 60.4%. Its housing vacancy rate is 36.5%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Marinette County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1969 | 1973 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Marinette County was built around 1969. On average, 2.2 people live in a home with about 5.3 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Marinette County, Wisconsin.
What is the median home price in Marinette County, Wisconsin?
The median home price in Marinette County, Wisconsin is $140,624, lower than the Wisconsin average of $176,921.
What is the average home price in Marinette 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 Marinette County, Wisconsin?
The median gross rent in Marinette County, Wisconsin is $748 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Marinette County in 2020?
In 2020, the median gross rent in Marinette County, Wisconsin was $685 per month.
What is the price-to-rent ratio in Marinette County, Wisconsin?
The price-to-rent ratio in Marinette County, Wisconsin is about 15.7, meaning it would take roughly 15.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Marinette County.
Are home prices or rent rising faster in Marinette County, Wisconsin?
Both home prices and rent are rising in Marinette County, up about 13.7% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marinette County, Wisconsin?
51.0% of households in Marinette County, Wisconsin own their home, lower than the Wisconsin average of 60.4%.
What is the vacancy rate in Marinette County, Wisconsin?
The housing vacancy rate in Marinette County, Wisconsin is 36.5%, higher than the Wisconsin average of 11.1%.