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 a population of 327, 120 total housing units (homes and apartments), and a median house value of $265,337, Elcho real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Elcho, accounting for 75.58% of the town's housing units. Other types of housing that are prevalent in Elcho include duplexes, homes converted to apartments or other small apartment buildings ( 10.47%), large apartment complexes or high rise apartments ( 6.98%), and a few mobile homes or trailers ( 5.23%).
The most prevalent building size and type in Elcho are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.67% owning and 43.33% renting.
There is a lot of housing in Elcho built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Elcho built between 1940-1969 ( 29.65%). A lesser amount of the housing stock also hails from before 1939 ( 19.19%). There's also some housing in Elcho built between 2000 and later ( 11.63%).
Vacant housing appears to be an issue in Elcho. Fully 30.23% of the housing stock is classified as vacant. Left unchecked, vacant Elcho homes and apartments can be a drag on the real estate market, holding Elcho real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Elcho have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.48%, which ranks in the top 50% nationwide. This equates to an annual average Elcho house appreciation rate of 6.82%.
Appreciation rates are so strong in Elcho that despite a nationwide downturn in the housing market, Elcho real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Elcho appreciation rates continue to be some of the highest in America, at 8.31%, which is higher than appreciation rates in 73.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Elcho. Elcho appreciation rates in the latest quarter were at 1.16%, which equates to an annual appreciation rate of 4.73%.
Relative to Wisconsin, our data show that Elcho's latest annual appreciation rate is higher than 50% of the other cities and towns in Wisconsin.
$265,337
for Wisconsin
for nation
120
$916 / per month