Platteville, WI—53818
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Platteville, WI
As of Oct '25, the median home price in Platteville, WI is $251,000, with a year-over-year change of 5.0%. This indicates that home prices in Platteville, WI are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 5.0% |
| Single Family | $249,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $204,000 | 4.6% |
3 Bed | $251,000 | 5.0% |
4 Bed | $264,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Platteville, WI
As of July '25, Rentcast reports the average rent in Platteville, WI is $998, with a year-over-year rent change of 3.2%. Per bedroom, the median rent as of July '25 in Platteville, WI is 1-bedrooms: $803, 2-bedrooms: $906, 3-bedrooms: $1,360, 4-bedrooms: $1,650. The most common rental property sizes in Platteville, WI are 2-bedroom and 1-bedroom, accounting for 39.6% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $998 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $803 |
| 2 Bed Rent | $1,000 | $906 |
| 3 Bed Rent | $1,300 | $1,360 |
| 4 Bed Rent | $1,400 | $1,650 |
% of Rental Stock
Property Listings — Platteville, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Platteville, WI is 48. This is a decrease of -23.0% 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 | $279,000 | -11.0% |
Listing Count | 23 | -14.0% |
| Listings as % of Homes | 0.3% | -14.0% |
Days on Market | 48 | -23.0% |
Demographics — Platteville, WI
As of the latest ACS Survey released in 2023, Platteville, WI has a population of 15,800, which has decreased by -2.8% over the past 5 years. Platteville, WI is a moderately popular place for families, as children make up 16.8% of the population. The area has a moderately educated workforce, with 38.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,800 | -2.8% |
% Under 18 | 16.8% | 13.5% |
% Seniors | 12.8% | 4.9% |
% WFH | 6.8% | 51.1% |
% w/ College Degree | 38.7% | 10.3% |
As of the latest ACS Survey released in 2023, Platteville, WI is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Platteville, WI is black, making up 3.7% of the population. Foreign-born residents account for 1.6% of the population in Platteville, WI, and this percentage has decreased by 46.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.5% | -3.5% |
% Black | 3.7% | 105.6% |
% Hispanic | 3.4% | 61.9% |
% Asian | 2.0% | -9.1% |
% Foreign Born | 1.6% | -46.7% |
Mortgage and Risk — Platteville, WI
According to HUD data as of 2023, there were 128 mortgage originations in Platteville, WI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Platteville, WI. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 128 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Platteville, WI
As of 2024, the percent of homes in Platteville, WI under the Section 8 program is 8.1%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Platteville, WI, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 221 |
Total Units Section 8 | 222 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 83.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$105 | $895 | $790 |
| 2 Bedroom | $20 | $1,000 | $1,020 |
| 3 Bedroom | -$10 | $1,300 | $1,290 |
| 4 Bedroom | $300 | $1,400 | $1,700 |
Affordability — Platteville, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $251,000 |
| Median Household Income | $55,600 |