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 | Sawyer County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,167 | $176,921 | $242,182 |
| Price Trend (Annual %) | 2.8% | 5.3% | 8.2% |
| Median Gross Rent | $682 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 0.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sawyer County is about 27% lower than in Wisconsin. Rent is about 35% 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 Sawyer County, up about 2.8% and 0.8% a year respectively. Home prices are changing faster.
Median rent in Sawyer County rose about 5.4% between 2015 and 2023, from $647 to $682. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Sawyer County.
Buying the median-priced home in Sawyer County costs roughly 15.8 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 Sawyer County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Sawyer County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,167 | $176,921 | $242,182 |
| Median Household Income | $59,071 | $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 Sawyer County fell about 21.6%, while median household income rose about 58.2% 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 | Sawyer County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.9% | 60.4% | 58.2% |
| Rental Rate | 12.0% | 28.6% | 31.3% |
| Vacancy Rate | 47.1% | 11.1% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Sawyer County has a homeownership rate of 40.9%, lower than the Wisconsin average of 60.4%. Its housing vacancy rate is 47.1%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Sawyer County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.09 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1984 | 1973 | 1978 |
| Median Number of Rooms | 5.0 | 5.6 | 5.5 |
The typical housing unit in Sawyer County was built around 1984. On average, 2.1 people live in a home with about 5.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sawyer County, Wisconsin.
What is the median home price in Sawyer County, Wisconsin?
The median home price in Sawyer County, Wisconsin is $129,167, lower than the Wisconsin average of $176,921.
What is the average home price in Sawyer 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 Sawyer County, Wisconsin?
The median gross rent in Sawyer County, Wisconsin is $682 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Sawyer County in 2020?
In 2020, the median gross rent in Sawyer County, Wisconsin was $600 per month.
What is the price-to-rent ratio in Sawyer County, Wisconsin?
The price-to-rent ratio in Sawyer County, Wisconsin is about 15.8, meaning it would take roughly 15.8 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 Sawyer County.
Are home prices or rent rising faster in Sawyer County, Wisconsin?
Both home prices and rent are rising in Sawyer County, up about 2.8% and 0.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sawyer County, Wisconsin?
40.9% of households in Sawyer County, Wisconsin own their home, lower than the Wisconsin average of 60.4%.
What is the vacancy rate in Sawyer County, Wisconsin?
The housing vacancy rate in Sawyer County, Wisconsin is 47.1%, higher than the Wisconsin average of 11.1%.