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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Chetek, WI Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Chetek, WI Housing Market Trends

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.

Chetek Home Appreciation Rates

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.

Average Home Values

Median Home Value

$273,556

Chetek, WI Home Prices
> $1,363,000
$1,023,001 - $1,363,000
$682,001 - $1,023,000
$545,001 - $682,000
$409,001 - $545,000
$273,001 - $409,000
$136,001 - $273,000
$68,001 - $136,000
$0 - $68,000
0.2%
0.2%
0.5%
0.5%
3.2%
3.2%
7.2%
7.2%
11.9%
11.9%
21.7%
21.7%
39.1%
39.1%
11.4%
11.4%
4.8%
4.8%
0% 100.0%
% of Homes
Low

for Wisconsin

Average

for nation

Number of Homes And Apartments:

906

Chetek Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,227 / per month

Homeownership Rate

Owners
Renters
66.7%
66.7%
33.3%
33.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
18.0%
18.0%
82.0%
82.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.1%
7.1%
43.2%
43.2%
28.3%
28.3%
21.4%
21.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.3%
66.3%
5.2%
5.2%
13.3%
13.3%
11.0%
11.0%
3.8%
3.8%
0.5%
0.5%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.3%
4.3%
17.6%
17.6%
30.3%
30.3%
38.3%
38.3%
6.9%
6.9%
2.5%
2.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Chetek

Zip Codes in Chetek, WI