Mequon, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Mequon, WI Housing Market Trends

With 24,382 people, 8,993 houses or apartments, and a median cost of homes of $484,163, Mequon house prices are not only among the most expensive in Wisconsin, Mequon real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Mequon, accounting for 75.57% of the city's housing units. Other types of housing that are prevalent in Mequon include row houses and other attached homes ( 10.61%), large apartment complexes or high rise apartments ( 8.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mequon. Owner-occupied housing accounts for 80.50% of Mequon's homes, and 66.60% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mequon 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 Mequon built between 1940-1969 ( 24.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.88%). There's also some housing in Mequon built before 1939 ( 7.44%).

Mequon Home Appreciation Rates

Real estate appreciation rates in Mequon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.90% during the period.

Over the last year, Mequon appreciation rates have trailed the rest of the nation. In the last twelve months, Mequon's appreciation rate has been 6.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mequon were at 1.90%, which equates to an annual appreciation rate of 7.84%.

Notably, Mequon's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Wisconsin, our data show that Mequon'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 Mequon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mequon - 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 Mequon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$484,163

Mequon, WI HOME PRICES

> $1,169,000
6.2%
6.2%
$877,001 - $1,169,000
8.8%
8.8%
$585,001 - $877,000
18.8%
18.8%
$467,001 - $585,000
16.2%
16.2%
$351,001 - $467,000
18.3%
18.3%
$234,001 - $351,000
19.1%
19.1%
$117,001 - $234,000
10.7%
10.7%
$59,001 - $117,000
1.3%
1.3%
$0 - $59,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for WI

Value Relative To Nation

Number Of Homes And Apartments:
8,993

Mequon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
57.30% 2.13%
4
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,984 / per month

Homeownership Rate

Owners
80.5%
80.5%
Renters
19.5%
19.5%
Vacant
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.9%
13.9%
1970 - 1999
54.5%
54.5%
1940 - 1969
24.1%
24.1%
1939 or Older
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.6%
75.6%
Townhomes
10.6%
10.6%
Small Apt. Buildings
5.0%
5.0%
Apt. Complexes
8.8%
8.8%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
4.3%
4.3%
2 Bedrooms
18.3%
18.3%
3 Bedrooms
33.3%
33.3%
4 Bedrooms
33.3%
33.3%
5 or more bedrooms
9.9%
9.9%
0.0% 100.0%
% OF HOMES