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 | Rusk County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,455 | $176,921 | $242,182 |
| Price Trend (Annual %) | 2.8% | 5.3% | 8.2% |
| Median Gross Rent | $816 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rusk County is about 32% lower than in Wisconsin. Rent is about 22% 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 Rusk County, up about 2.8% and 3.9% a year respectively. Rent is changing faster.
Median rent in Rusk County rose about 26.4% between 2015 and 2023, from $646 to $816. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Rusk County.
Buying the median-priced home in Rusk County costs roughly 12.3 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 Rusk County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Rusk County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,455 | $176,921 | $242,182 |
| Median Household Income | $58,128 | $75,766 | $78,145 |
| Price-to-Income Ratio | 2.1 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Rusk County rose about 22.9%, while median household income rose about 53.4% 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 | Rusk County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.9% | 60.4% | 58.2% |
| Rental Rate | 16.2% | 28.6% | 31.3% |
| Vacancy Rate | 27.9% | 11.1% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Rusk County has a homeownership rate of 55.9%, lower than the Wisconsin average of 60.4%. Its housing vacancy rate is 27.9%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Rusk County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1975 | 1973 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Rusk County was built around 1975. 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 Rusk County, Wisconsin.
What is the median home price in Rusk County, Wisconsin?
The median home price in Rusk County, Wisconsin is $120,455, lower than the Wisconsin average of $176,921.
What is the average home price in Rusk 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 Rusk County, Wisconsin?
The median gross rent in Rusk County, Wisconsin is $816 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Rusk County in 2020?
In 2020, the median gross rent in Rusk County, Wisconsin was $678 per month.
What is the price-to-rent ratio in Rusk County, Wisconsin?
The price-to-rent ratio in Rusk County, Wisconsin is about 12.3, meaning it would take roughly 12.3 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 Rusk County.
Are home prices or rent rising faster in Rusk County, Wisconsin?
Both home prices and rent are rising in Rusk County, up about 2.8% and 3.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Rusk County, Wisconsin?
55.9% of households in Rusk County, Wisconsin own their home, lower than the Wisconsin average of 60.4%.
What is the vacancy rate in Rusk County, Wisconsin?
The housing vacancy rate in Rusk County, Wisconsin is 27.9%, higher than the Wisconsin average of 11.1%.