Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 39,968 people, 17,300 houses or apartments, and a median cost of homes of $210,418, house prices in Wausau are solidly below the national average.
Single-family detached homes are the single most common housing type in Wausau, accounting for 64.87% of the city's housing units. Other types of housing that are prevalent in Wausau include large apartment complexes or high rise apartments ( 21.65%), duplexes, homes converted to apartments or other small apartment buildings ( 10.43%), and a few row houses and other attached homes ( 2.81%).
The most prevalent building size and type in Wausau are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.23% owning and 42.77% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Wausau's housing was primarily built during this period, from the '40s through the '60s. A full 33.28% of the city's housing hails from this era. Other housing ages represented in Wausau include homes built between 1970-1999 ( 28.38%) and housing constructed before 1939 ( 25.36%). There's also some housing in Wausau built between 2000 and later ( 12.98%).
Real estate appreciation rates in Wausau's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.51% during the period.
Over the last year, Wausau appreciation rates have trailed the rest of the nation. In the last twelve months, Wausau's appreciation rate has been 5.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wausau were at 0.25%, which equates to an annual appreciation rate of 0.99%.
Notably, Wausau's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Wisconsin, our data show that Wausau's latest annual appreciation rate is lower than 80% of the other cities and towns in Wisconsin.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Wausau differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wausau - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Wausau real estate investment or home purchase decisions.
$210,418
for Wisconsin
for nation
17,300
$1,397 / per month