Sun Prairie, WI—53590
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sun Prairie, WI
As of Oct '25, the median home price in Sun Prairie, WI is $438,000, with a year-over-year change of 2.2%. This indicates that home prices in Sun Prairie, WI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $438,000 | 2.2% |
| Single Family | $457,000 | 2.2% |
| Condos | $310,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $301,000 | 2.0% |
3 Bed | $397,000 | 2.6% |
4 Bed | $499,000 | 2.3% |
| 5 Bed | $601,000 | 2.4% |
% of Housing Stock
Rental Trends — Sun Prairie, WI
As of July '25, Rentcast reports the average rent in Sun Prairie, WI is $1,670, with a year-over-year rent change of 12.8%. Per bedroom, the median rent as of July '25 in Sun Prairie, WI is studios: $1,240, 1-bedrooms: $1,300, 2-bedrooms: $1,520, 3-bedrooms: $2,300, 4-bedrooms: $2,930. The most common rental property sizes in Sun Prairie, WI are 2-bedroom and 1-bedroom, accounting for 44.9% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,670 |
| Studio Rent | $1,260 | $1,240 |
| 1 Bed Rent | $1,400 | $1,300 |
| 2 Bed Rent | $1,400 | $1,520 |
| 3 Bed Rent | $2,400 | $2,300 |
| 4 Bed Rent | $2,850 | $2,930 |
% of Rental Stock
Property Listings — Sun Prairie, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Sun Prairie, WI is 38. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 17.0% |
Listing Count | 123 | -9.0% |
| Listings as % of Homes | 0.3% | -9.0% |
Days on Market | 38 | -5.0% |
Demographics — Sun Prairie, WI
As of the latest ACS Survey released in 2023, Sun Prairie, WI has a population of 44,000, which has increased by 9.7% over the past 5 years. Sun Prairie, WI is a popular place for families, as children make up 25.4% of the population. The area has a highly educated workforce, with 51.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,000 | 9.7% |
% Under 18 | 25.4% | -4.5% |
% Seniors | 14.3% | 9.2% |
% WFH | 18.7% | 306.5% |
% w/ College Degree | 51.6% | 15.7% |
As of the latest ACS Survey released in 2023, Sun Prairie, WI is a predominantly white area, with 76.9% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Sun Prairie, WI is asian, making up 7.1% of the population. Foreign-born residents account for 7.5% of the population in Sun Prairie, WI, and this percentage has increased by 1.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.9% | -2.2% |
% Black | 7.0% | -4.1% |
% Hispanic | 4.2% | -28.8% |
% Asian | 7.1% | 34.0% |
% Foreign Born | 7.5% | 1.4% |
Mortgage and Risk — Sun Prairie, WI
According to HUD data as of 2023, there were 1346 mortgage originations in Sun Prairie, WI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Sun Prairie, WI. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,346 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Sun Prairie, WI
As of 2024, the percent of homes in Sun Prairie, WI under the Section 8 program is 6.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Sun Prairie, WI, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 454 |
Total Units Section 8 | 426 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 82.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,400 | $1,280 |
| 2 Bedroom | $70 | $1,400 | $1,470 |
| 3 Bedroom | -$470 | $2,400 | $1,930 |
| 4 Bedroom | -$690 | $2,850 | $2,160 |
Affordability — Sun Prairie, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $438,000 |
| Median Household Income | $96,500 |