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 | Winnebago County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,078 | $176,921 | $242,182 |
| Price Trend (Annual %) | 2.3% | 5.3% | 8.2% |
| Median Gross Rent | $924 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winnebago County is about 44% lower than in Wisconsin. Rent is about 12% 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 Winnebago County, up about 2.3% and 4.2% a year respectively. Rent is changing faster.
Median rent in Winnebago County rose about 36.4% between 2015 and 2023, from $677 to $924. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Winnebago County.
Buying the median-priced home in Winnebago County costs roughly 8.9 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 Winnebago County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Winnebago County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,078 | $176,921 | $242,182 |
| Median Household Income | $72,962 | $75,766 | $78,145 |
| Price-to-Income Ratio | 1.4 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Winnebago County fell about 8.8%, while median household income rose about 44.2% 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 | Winnebago County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.7% | 60.4% | 58.2% |
| Rental Rate | 32.1% | 28.6% | 31.3% |
| Vacancy Rate | 6.3% | 11.1% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Winnebago County has a homeownership rate of 61.7%, higher than the Wisconsin average of 60.4%. Its housing vacancy rate is 6.3%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Winnebago County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1974 | 1973 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Winnebago County was built around 1974. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Winnebago County, Wisconsin.
What is the median home price in Winnebago County, Wisconsin?
The median home price in Winnebago County, Wisconsin is $99,078, lower than the Wisconsin average of $176,921.
What is the average home price in Winnebago 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 Winnebago County, Wisconsin?
The median gross rent in Winnebago County, Wisconsin is $924 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Winnebago County in 2020?
In 2020, the median gross rent in Winnebago County, Wisconsin was $783 per month.
What is the price-to-rent ratio in Winnebago County, Wisconsin?
The price-to-rent ratio in Winnebago County, Wisconsin is about 8.9, meaning it would take roughly 8.9 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 Winnebago County.
Are home prices or rent rising faster in Winnebago County, Wisconsin?
Both home prices and rent are rising in Winnebago County, up about 2.3% and 4.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Winnebago County, Wisconsin?
61.7% of households in Winnebago County, Wisconsin own their home, higher than the Wisconsin average of 60.4%.
What is the vacancy rate in Winnebago County, Wisconsin?
The housing vacancy rate in Winnebago County, Wisconsin is 6.3%, lower than the Wisconsin average of 11.1%.