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 | Price County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $169,647 | $176,921 | $242,182 |
| Price Trend (Annual %) | 6.9% | 5.3% | 8.2% |
| Median Gross Rent | $801 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 4.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Price County is about 4% lower than in Wisconsin. Rent is about 23% 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 Price County, up about 6.9% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Price County rose about 40.1% between 2015 and 2023, from $572 to $801. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Price County.
Buying the median-priced home in Price County costs roughly 17.6 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 Price County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Price County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $169,647 | $176,921 | $242,182 |
| Median Household Income | $58,186 | $75,766 | $78,145 |
| Price-to-Income Ratio | 2.9 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Price County rose about 54.0%, while median household income rose about 43.2% 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 | Price County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.6% | 60.4% | 58.2% |
| Rental Rate | 11.2% | 28.6% | 31.3% |
| Vacancy Rate | 39.2% | 11.1% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Price County has a homeownership rate of 49.6%, lower than the Wisconsin average of 60.4%. Its housing vacancy rate is 39.2%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Price County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.12 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1973 | 1973 | 1978 |
| Median Number of Rooms | 5.1 | 5.6 | 5.5 |
The typical housing unit in Price County was built around 1973. On average, 2.1 people live in a home with about 5.1 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Price County, Wisconsin.
What is the median home price in Price County, Wisconsin?
The median home price in Price County, Wisconsin is $169,647, lower than the Wisconsin average of $176,921.
What is the average home price in Price 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 Price County, Wisconsin?
The median gross rent in Price County, Wisconsin is $801 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Price County in 2020?
In 2020, the median gross rent in Price County, Wisconsin was $711 per month.
What is the price-to-rent ratio in Price County, Wisconsin?
The price-to-rent ratio in Price County, Wisconsin is about 17.6, meaning it would take roughly 17.6 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 Price County.
Are home prices or rent rising faster in Price County, Wisconsin?
Both home prices and rent are rising in Price County, up about 6.9% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Price County, Wisconsin?
49.6% of households in Price County, Wisconsin own their home, lower than the Wisconsin average of 60.4%.
What is the vacancy rate in Price County, Wisconsin?
The housing vacancy rate in Price County, Wisconsin is 39.2%, higher than the Wisconsin average of 11.1%.