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 2,170, 906 total housing units (homes and apartments), and a median house value of $273,556, Chetek 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 Chetek, accounting for 66.33% of the city's housing units. Other types of housing that are prevalent in Chetek include duplexes, homes converted to apartments or other small apartment buildings ( 13.30%), large apartment complexes or high rise apartments ( 10.95%), and a few row houses and other attached homes ( 5.16%).
Dwellings in Chetek tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.31% of the homes in Chetek have two or fewer bedrooms.
There is a lot of housing in Chetek 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 Chetek built between 1940-1969 ( 28.33%). A lesser amount of the housing stock also hails from before 1939 ( 21.36%). There's also some housing in Chetek built between 2000 and later ( 7.15%).
Vacant housing appears to be an issue in Chetek. Fully 18.01% of the housing stock is classified as vacant. Left unchecked, vacant Chetek homes and apartments can be a drag on the real estate market, holding Chetek 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.
Real estate appreciation rates in Chetek's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.46% during the period.
NeighborhoodScout's data show that during the latest twelve months, Chetek's appreciation rate, at 6.29%, has been at or slightly above the national average. In the latest quarter, Chetek's appreciation rate has been 1.16%, which annualizes to a rate of 4.73%.
Relative to Wisconsin, our data show that Chetek's latest annual appreciation rate is lower than 70% of the other cities and towns in Wisconsin.
$273,556
for Wisconsin
for nation
906
$1,227 / per month