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 | Oconto County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $252,717 | $176,921 | $242,182 |
| Price Trend (Annual %) | 19.7% | 5.3% | 8.2% |
| Median Gross Rent | $795 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oconto County is about 43% higher than in Wisconsin. Rent is about 24% 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 Oconto County, up about 19.7% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Oconto County rose about 31.2% between 2015 and 2023, from $606 to $795. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Oconto County.
Buying the median-priced home in Oconto County costs roughly 26.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Oconto County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Oconto County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $252,717 | $176,921 | $242,182 |
| Median Household Income | $76,011 | $75,766 | $78,145 |
| Price-to-Income Ratio | 3.3 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Oconto County rose about 185.8%, while median household income rose about 57.6% 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 | Oconto County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.5% | 60.4% | 58.2% |
| Rental Rate | 10.7% | 28.6% | 31.3% |
| Vacancy Rate | 30.8% | 11.1% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Oconto County has a homeownership rate of 58.5%, lower than the Wisconsin average of 60.4%. Its housing vacancy rate is 30.8%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Oconto County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1979 | 1973 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Oconto County was built around 1979. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Oconto County, Wisconsin.
What is the median home price in Oconto County, Wisconsin?
The median home price in Oconto County, Wisconsin is $252,717, higher than the Wisconsin average of $176,921.
What is the average home price in Oconto 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 Oconto County, Wisconsin?
The median gross rent in Oconto County, Wisconsin is $795 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Oconto County in 2020?
In 2020, the median gross rent in Oconto County, Wisconsin was $694 per month.
What is the price-to-rent ratio in Oconto County, Wisconsin?
The price-to-rent ratio in Oconto County, Wisconsin is about 26.5, meaning it would take roughly 26.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Oconto County.
Are home prices or rent rising faster in Oconto County, Wisconsin?
Both home prices and rent are rising in Oconto County, up about 19.7% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oconto County, Wisconsin?
58.5% of households in Oconto County, Wisconsin own their home, lower than the Wisconsin average of 60.4%.
What is the vacancy rate in Oconto County, Wisconsin?
The housing vacancy rate in Oconto County, Wisconsin is 30.8%, higher than the Wisconsin average of 11.1%.