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 | Waupaca County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $188,157 | $176,921 | $242,182 |
| Price Trend (Annual %) | 8.1% | 5.3% | 8.2% |
| Median Gross Rent | $834 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Waupaca County is about 6% higher than in Wisconsin. Rent is about 20% 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 Waupaca County, up about 8.1% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Waupaca County rose about 24.9% between 2015 and 2023, from $668 to $834. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Waupaca County.
Buying the median-priced home in Waupaca County costs roughly 18.8 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 Waupaca County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Waupaca County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $188,157 | $176,921 | $242,182 |
| Median Household Income | $71,594 | $75,766 | $78,145 |
| Price-to-Income Ratio | 2.6 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Waupaca County rose about 59.3%, while median household income rose about 51.3% 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 | Waupaca County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.4% | 60.4% | 58.2% |
| Rental Rate | 22.0% | 28.6% | 31.3% |
| Vacancy Rate | 12.6% | 11.1% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Waupaca County has a homeownership rate of 65.4%, higher than the Wisconsin average of 60.4%. Its housing vacancy rate is 12.6%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Waupaca County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1974 | 1973 | 1978 |
| Median Number of Rooms | 5.8 | 5.6 | 5.5 |
The typical housing unit in Waupaca County was built around 1974. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Waupaca County, Wisconsin.
What is the median home price in Waupaca County, Wisconsin?
The median home price in Waupaca County, Wisconsin is $188,157, higher than the Wisconsin average of $176,921.
What is the average home price in Waupaca 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 Waupaca County, Wisconsin?
The median gross rent in Waupaca County, Wisconsin is $834 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Waupaca County in 2020?
In 2020, the median gross rent in Waupaca County, Wisconsin was $712 per month.
What is the price-to-rent ratio in Waupaca County, Wisconsin?
The price-to-rent ratio in Waupaca County, Wisconsin is about 18.8, meaning it would take roughly 18.8 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 Waupaca County.
Are home prices or rent rising faster in Waupaca County, Wisconsin?
Both home prices and rent are rising in Waupaca County, up about 8.1% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Waupaca County, Wisconsin?
65.4% of households in Waupaca County, Wisconsin own their home, higher than the Wisconsin average of 60.4%.
What is the vacancy rate in Waupaca County, Wisconsin?
The housing vacancy rate in Waupaca County, Wisconsin is 12.6%, higher than the Wisconsin average of 11.1%.