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Wisconsin real estate

Wisconsin – A Housing Market That’s Looking Up

The Great Recession was not kind to Wisconsin. As recently as 2011, Wisconsin was still losing jobs – even though the rest of the country was gaining them. But in the Badger State, plummeting home values were actually more damaging than the jobs market. Those lower values led to fewer property taxes being collected between 2008 and 2012 – meaning that cities had to make due with a lot less money. In Milwaukee, home values dropped so low that the city wound up losing almost $6 billion just in property tax revenue!

What do the state’s home values look like now?

Much better!

According to realtors around Wisconsin, selling prices made double-digit gains in December 2012. By the end of the year, the median sales price statewide was $132,500. That’s 10% higher than it was in December 2011.

So, what led to the dramatic turnaround?

Realtors in Wisconsin say the state saw a significant drop in foreclosures at the end of 2012, which enabled the “traditional” homes for sale here to sell for more money. And, the homes for sale in Wisconsin have started selling faster. In fact, the number of home sales in December jumped 11%, compared to the year before. That increase in demand is also helping to drive up prices—and, thus, the values of all the homes around them.

And in cash-strapped Milwaukee, the gains were even bigger!

Compared to 2011, the number of home sales in 2012 jumped a whopping 25%! The only problem? Selling prices didn’t go up in most of the counties that make up the Milwaukee metro. Typically, such a big rise in demand would cause selling prices to rise, too, but it didn’t. Realtors in Milwaukee aren’t concerned, though. They say homes are selling faster, consumer confidence is on the rise, and that will lead to future momentum.

Realtors in Dane County (where Madison is located) have even more to brag about. That’s because the number of home sales here increased 27% between the end of 2011 and the end of 2012! With nearly 6,000 homes sold throughout the year, this many contracts haven’t been signed here since 2007. And, what makes all of these sales so impressive is that the inventory in Dane County hasn’t been this low since 2004 – meaning that buyers are scooping up practically everything that’s available!

Interestingly, many of Dane County’s purchases were all-cash. In fact, only about 75% of buyers here actually applied for mortgages in Wisconsin. That’s something experts here weren’t expecting – but they’ll take the jump in sales any way they can get it!

And, hopefully, the momentum will keep up – and extend to the rest of the state!

Living in Wisconsin

Want to balance city life with beautiful farmlands? Then head to Wisconsin!

Located in the Midwest and Great Lakes regions, Wisconsin is aptly nicknamed “America's Dairyland”, since the state is one of the country’s leading dairy producers.

Summer in the southern part of Wisconsin is considered hot and humid, while it’s usually a bit cooler in the northern section. While snowfall in northern portions averages 40 inches annually, the southern part can receive up to 160 inches due to its location in the Lake Superior snowbelt!

But before you pack your parkas, let’s go over some of Wisconsin’s fast facts:

  • What is the population of Wisconsin?
  • The population of Wisconsin is 5,726,398
  • What is the capital of Wisconsin?
  • The capital of Wisconsin is Madison
  • What is the largest city in Wisconsin?
  • The largest city is Milwaukee

If you make a move here, you’ll probably work in either the agriculture or manufacturing industries, since they’re the state’s leaders. Wisconsin’s farmlands have made it the country’s leader in cheese production in the country (the state produces about 25% of America’s cheese!). Wisconsin is also well known as a big beer and paper producer.

Because of its natural beauty and numerous recreation opportunities, Wisconsin’s industry also revolves around tourism and outdoor activities. The House on the Rock (located north of Dodgeville), for example, attracts people from all over because of its architecturally distinctive rooms, streets, gardens and shops designed by Alex Jordan, Jr.

If you enjoy history, the Circus World Museum in Baraboo is a large museum complex dedicated to circus history. In addition to artifacts and exhibits, a live circus performs throughout the summer. Talk about fun for the kids!

Water recreation is very popular here because of the large number of harbors, bays and ports on the Lake Michigan and Green Bay side. Even when the temperatures drop, you can still have fun doing things like skiing, ice fishing, hunting, and even taking part in snowmobile derbies!

Country music lovers will revel in the number of country music festivals. Wisconsin actually has more than any other state! Milwaukee also hosts Summerfest, known as "The World's Largest Music Festival," every year.

Music, outdoor fun, and plenty of history… What else do you need?!

This is the Census data for Wisconsin

Population

Total population estimate for Wisconsin (July 1) 2012
5,726,398
Total population change for Wisconsin- April 1, 2010 to July 1, 2012
0.7%

Age

Percentage of the population that's under 5 years old in Wisconsin, 2011
6.2%
Percentage of the population that's under 18 years years old in Wisconsin, 2011
23.2%
Percentage of the population that's 65 years and over Wisconsin, 2011
13.9%

Gender

Percentage of the population that are females in Wisconsin, 2011
50.3%

Race breakdown for Wisconsin in percentages

White alone, 2011
88.4%
Black alone, 2011
6.5%
American Indian and Alaska Native alone,2011
1.1%
Asian alone, percent, 2011
2.4%
Native Hawaiian and Other Pacific Islander alone, 2011
NA
Two or more races, 2011
1.6%
Hispanic or Latino Origin, 2011
6.1%
Not Hispanic, White alone, 2011
83.1%

A little more about the residents of Wisconsin

Percentage of residents who lived in the same house 1 year ago, 2007-2011
85.5%
Percent of residents who are foreign born 2007-2011
4.6%
Percent speaking a language other than English at home, 2007-2011
8.5%

Education

Percent high school graduates or higher for residents 25 years old and over in Wisconsin, 2007-2011
89.8%
Percent with a bachelor's degree or higher for residents 25 years old and over in Wisconsin, 2007-2011
26.0%

Veterans

Total number of Veterans living in Wisconsin 2007-2011
431,479

Communting

The average travel time to work for workers in Wisconsin (16 years and over not working at home), 2007-2011
21.5 mins

Real estate stats in Wisconsin

Housing unit estimates, 2011
2,634,781
Owner-occupied housing units - percent of total occupied housing units, 2007-2011
69.1%
Housing units by units in structure - multi-dwelling structure, percent, 2007-2011
25.4%
Median value of specified owner-occupied housing units, 2007-2011
$169,700.00
Households, 2007-2011
2,279,738
Average household size, 2007-2011
2.42

Income

Per capita income for Wisconsin in the past 12 months (in 2011 inflation-adjusted dollars), 2007-2011
$27,192.00
Median household income in Wisconsin, 2007-2011
$52,374.00
Percentage of people living in poverty in Wisconsin 2007-2011
12.0%

Business and commerce info for Wisconsin

Private nonfarm establishments, 2010
139,554
Private nonfarm employment for pay period including March 12, 2010
2,320,696
Private nonfarm employment for pay period including March 12, 2010, percent change, 2000-2010
-3.9%
Total number of businesses in Wisconsin, 2007
433,797
Percentage of Black-owned businesses in Wisconsin, 2007
2.6%
Percentage of American Indian- and Alaska Native-owned businesses in Wisconsin , 2007
0.6%
Percentage of Asian-owned businesses in Wisconsin, 2007
1.6%
Percentage of Native Hawaiian- and Other Pacific Islander-owned businesses in Wisconsin, 2007
NA
Percentage of Hispanic-owned businesses in Wisconsin, 2007
1.3%
Percentage of Women-owned businesses in Wisconsin, 2007
25.9%

Land size and population

Size of Wisconsin in Square Miles, 2010
54,157.80 mi²
Population per square mile in Wisconsin, 2010
105.0

Wisconsin real estate

Allouez

Altoona

Amnicon

Appleton

Armstrong Creek

Ashippun

Ashwaubenon

Augusta

Baldwin

Baraboo

Barronett

Birchwood

Blackwell

Boulder Junction

Bradford

Briggsville

Brighton

Brown Deer

Chippewa

Christiana

Clayton

Clintonville

Commonwealth

Crandon

Cumberland

Decatur

Delafield

Dellona

Denmark

Eagleton

East Troy

Eau Claire

Elderon

Elk Mound

Ellsworth

Embarrass

Fort Atkinson

Friendship

Glenwood City

Glidden

Grand Marsh

Grand View

Harmony

Hartford

Henrietta

High Bridge

Highland

Hogarty

Hortonville

Ironbelt

Jefferson

Keystone

Kickapoo

Koshkonong

La Grange

La Prairie

La Valle

Lac du Flambeau

Lake Delton

Lakeside

Little Round Lake

Marcellon

Mazomanie

Menasha

Menomonee Falls

Middleton

Mishicot

Montreal

Mount Pleasant

Muskego

Nashotah

Necedah

New Chester

Nokomis

North Prairie

Oconto Falls

Okauchee Lake

Orienta

Other City - Not In The State Of Florida

Outside Area (Outside Ca)

Paddock Lake

Palmyra

Park Falls

Pewaukee

Pittsville

Plainfield

Pleasant Prairie

Plymouth

Prairie Farm

Presque Isle

Pulaski

Reedsburg

Reedsville

Rib Mountain

Richmond

Rosholt

rothschild

Rothschild

Rutland

schofield

Seymour

Silver Cliff

Silver Lake

Spread Eagle

Spring Green

Spring Grove

Springville

Star Prairie

Stettin

Stevens Point

Stoughton

Stratford

Sun Prairie

Town of Maine

Twin Lakes

Vinland

Warrens

Watertown

Wauaukee

Waunakee

Whitelaw

Williams Bay

Winneconne

Wittenberg WI

Woodboro

Wyocena