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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.



Superior, 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

Superior, WI Housing Market Trends

With 26,459 people, 11,661 houses or apartments, and a median cost of homes of $220,279, house prices in Superior are solidly below the national average.

Single-family detached homes are the single most common housing type in Superior, accounting for 61.06% of the city's housing units. Other types of housing that are prevalent in Superior include large apartment complexes or high rise apartments ( 20.49%), duplexes, homes converted to apartments or other small apartment buildings ( 12.62%), and a few row houses and other attached homes ( 3.02%).

People in Superior primarily live in small (one, two or no bedroom) single-family detached homes. Superior has a mixture of owner-occupied and renter-occupied housing.

The housing in Superior was primarily built before 1939 ( 36.48%), making the housing stock in Superior some of the oldest overall in America, although there is a range of ages of homes in Superior. The next most important housing age is between 1970-1999 ( 32.05%), followed by between 1940-1969 ( 24.84%). There's also some housing in Superior built between 2000 and later ( 6.64%).

Superior Home Appreciation Rates

Real estate appreciation rates in Superior's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.23% during the period.

Over the last year, Superior appreciation rates have trailed the rest of the nation. In the last twelve months, Superior's appreciation rate has been 3.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Superior were at 4.80%, which equates to an annual appreciation rate of 20.60%.

Importantly, NeighborhoodScout’s exclusive research found that Superior's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Wisconsin, our data show that Superior's latest annual appreciation rate is lower than 90% 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 Superior differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Superior - 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 Superior real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$220,279

Superior, WI Home Prices
> $1,434,000
$1,075,001 - $1,434,000
$717,001 - $1,075,000
$573,001 - $717,000
$430,001 - $573,000
$287,001 - $430,000
$144,001 - $287,000
$72,001 - $144,000
$0 - $72,000
0.3%
0.3%
0.2%
0.2%
1.3%
1.3%
2.4%
2.4%
6.3%
6.3%
15.1%
15.1%
51.5%
51.5%
16.9%
16.9%
6.0%
6.0%
0% 100.0%
% of Homes
Very Low

for Wisconsin

Low

for nation

Number of Homes And Apartments:

11,661

Superior Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,516 / per month

Homeownership Rate

Owners
Renters
56.5%
56.5%
43.5%
43.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.2%
6.2%
93.8%
93.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.6%
6.6%
32.1%
32.1%
24.8%
24.8%
36.5%
36.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.1%
61.1%
3.0%
3.0%
12.6%
12.6%
20.5%
20.5%
2.8%
2.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.5%
3.5%
16.6%
16.6%
32.1%
32.1%
35.1%
35.1%
10.9%
10.9%
1.7%
1.7%
0% 100.0%
% of Homes