Superior, Wisconsin Housing Market Prices
Superior Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 49% below the Wisconsin median$87,690
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Median rent 18% below the Wisconsin median$892
Housing Market Overview
| Metric | Superior | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $87,690 | $170,479 | $248,835 |
| Price Trend (Annual %) | -5.8% | 4.2% | 7.5% |
| Median Gross Rent | $892 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Superior is about 49% lower than in Wisconsin. Rent is about 18% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Superior: home prices fell about 5.8% a year while rent rose about 2.9% a year. That is an unusual pattern worth watching.
Median rent in Superior rose about 29.1% between 2015 and 2024, from $691 to $892. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Superior.
Buying the median-priced home in Superior costs roughly 8.2 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 Superior. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Superior | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $87,690 | $170,479 | $248,835 |
| Median Household Income | $64,199 | $77,698 | $80,455 |
| Price-to-Income Ratio | 1.4 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Superior fell about 36.8%, while median household income rose about 46.9% between 2009 and 2025 — 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 | Superior | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.3% | 60.5% | 58.5% |
| Rental Rate | 37.1% | 28.7% | 31.2% |
| Vacancy Rate | 6.6% | 10.8% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Superior has a homeownership rate of 56.3%, lower than the Wisconsin average of 60.5%. Its housing vacancy rate is 6.6%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Superior | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.15 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1956 | 1974 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Superior was built around 1956. On average, 2.2 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Superior, WI Housing Compared With Nearby Cities
How Superior, WI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Superior, WI | 25,358 | $87,690 #2/2 | $892 #2/2 | 60.3% #1/2 |
| Duluth, MN | 77,579 | $206,656 | $1,094 | 60.2% |
Frequently Asked Questions
Common questions about the housing market in Superior, Wisconsin.
What is the median home price in Superior, Wisconsin?
The median home price in Superior, Wisconsin is $87,690, lower than the Wisconsin average of $170,479.
What is the average home price in Superior, Wisconsin?
The typical home price in Superior, Wisconsin, reported as the median sale price, is $87,690. 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 Superior, Wisconsin?
The median gross rent in Superior, Wisconsin is $892 per month, lower than the Wisconsin average of $1,087.
What was the median gross rent in Superior in 2020?
In 2020, the median gross rent in Superior, Wisconsin was $769 per month.
What is the price-to-rent ratio in Superior, Wisconsin?
The price-to-rent ratio in Superior, Wisconsin is about 8.2, meaning it would take roughly 8.2 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 Superior.
Are home prices or rent rising faster in Superior, Wisconsin?
Home prices and rent are moving in opposite directions in Superior: home prices fell about 5.8% a year while rent rose about 2.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Superior, Wisconsin?
56.3% of households in Superior, Wisconsin own their home, lower than the Wisconsin average of 60.5%.
What is the vacancy rate in Superior, Wisconsin?
The housing vacancy rate in Superior, Wisconsin is 6.6%, lower than the Wisconsin average of 10.8%.
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