New Richmond, WI 54017 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New Richmond, WI—54017

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$368,000

1.3% YoY Growth

Household Income

$99,800

36.5% YoY Growth

Days on Market

35.0% Longer YoY

Home Price Forecast

-0.2%

Median Rent

$1,800

0.0% YoY Growth

1-Bed Rent

$850

N/A

2-Bed Rent

$1,720

13.2% YoY Growth

3-Bed Rent

$2,250

8.1% YoY Growth

Home Price Trends — New Richmond, WI

As of Dec '25, the median home price in New Richmond, WI is $368,000, with a year-over-year change of 1.3%. This indicates that home prices in New Richmond, WI are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$368,000	1.3%
Single Family	$374,000	1.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — New Richmond, WI

As of July '25, Rentcast reports the average rent in New Richmond, WI is $1,800, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in New Richmond, WI is studios: $1,050, 1-bedrooms: $940, 2-bedrooms: $1,630, 3-bedrooms: $2,270, 4-bedrooms: $2,480. The most common rental property sizes in New Richmond, WI are 2-bedroom and 3-bedroom, accounting for 45.1% and 20.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$1,800
Studio Rent	$1,050	$1,050
1 Bed Rent	$850	$940
2 Bed Rent	$1,720	$1,630
3 Bed Rent	$2,250	$2,270
4 Bed Rent	$2,500	$2,480

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% of Rental Stock

Studio

10.0%

1 Bedroom

14.0%

2 Bedrooms

45.1%

3 Bedrooms

20.4%

4 Bedrooms

10.4%

5+ Bedrooms

0.1%

Property Listings — New Richmond, WI

As of Dec '25, Realtor.com reports that the median days on market for a home in New Richmond, WI is 57. This is a increase of 60.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$425,000	-3.0%
Listing Count	111	7.0%
Listings as % of Homes	0.7%	7.0%
Days on Market	66	35.0%

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Demographics — New Richmond, WI

As of the latest ACS Survey released in 2023, New Richmond, WI has a population of 19,700, which has increased by 12.2% over the past 5 years. New Richmond, WI is a moderately popular place for families, as children make up 24.5% of the population. The area has a moderately educated workforce, with 34.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,700	12.2%
% Under 18	24.5%	-5.4%
% Seniors	14.5%	17.9%
% WFH	14.2%	255.0%
% w/ College Degree	34.2%	31.0%

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As of the latest ACS Survey released in 2023, New Richmond, WI is a predominantly white area, with 91.4% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in New Richmond, WI is hispanic, making up 2.4% of the population. Foreign-born residents account for 1.2% of the population in New Richmond, WI, and this percentage has decreased by 20.0% 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	91.4%	-4.1%
% Black	1.3%	85.7%
% Hispanic	2.4%	50.0%
% Asian	0.2%	-75.0%
% Foreign Born	1.2%	-20.0%

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Mortgage and Risk — New Richmond, WI

According to HUD data as of 2023, there were 512 mortgage originations in New Richmond, WI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in New Richmond, WI. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	512
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — New Richmond, WI

As of 2024, the percent of homes in New Richmond, 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in New Richmond, WI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	210
Total Units Section 8	135
% Rentals under Section 8	6.9%
% Occupied Section 8	75.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$350	$850	$1,200
2 Bedroom	-$260	$1,720	$1,460
3 Bedroom	-$280	$2,250	$1,970
4 Bedroom	-$260	$2,500	$2,240

New Richmond, WI—54017

Key Metrics at a Glance

Home Price Trends — New Richmond, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Richmond, WI

% of Rental Stock

Property Listings — New Richmond, WI

Demographics — New Richmond, WI

Race and Ethnicity

Mortgage and Risk — New Richmond, WI

Mortgages

Rentals and Section 8 — New Richmond, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — New Richmond, WI

Home Price to Income Ratio

New Richmond, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Star Prairie, WI

Roberts, WI

Hammond, WI

Somerset, WI

Deer Park, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$368,000
Median Household Income	$99,800

New Richmond, WI—54017

Key Metrics at a Glance

Home Price Trends — New Richmond, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Richmond, WI

% of Rental Stock

Property Listings — New Richmond, WI

Demographics — New Richmond, WI

Race and Ethnicity

Mortgage and Risk — New Richmond, WI

Mortgages

Rentals and Section 8 — New Richmond, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — New Richmond, WI

Home Price to Income Ratio

New Richmond, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Star Prairie, WI

Roberts, WI

Hammond, WI

Somerset, WI

Deer Park, WI

Frequently Asked Questions

What is the average home price in New Richmond, WI 54017?

How have home prices in New Richmond, WI 54017 changed over the past year?

What is the home price projection for New Richmond, WI 54017?

What are the demographics of New Richmond, WI 54017?

How long does it take homes to sell in New Richmond, WI 54017?

What is the average rent price in New Richmond, WI 54017?