Gillett, WI—54124
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gillett, WI
As of Oct '25, the median home price in Gillett, WI is $230,000, with a year-over-year change of 7.0%. This indicates that home prices in Gillett, WI are increasing. According to Zillow, the 1-year price projection is 4.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | 7.0% |
| Single Family | $230,000 | 7.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $246,000 | 7.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gillett, WI
As of July '25, Rentcast reports the average rent in Gillett, WI is $886, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Gillett, WI is 1-bedrooms: $799, 2-bedrooms: $695, 3-bedrooms: $1,020. The most common rental property sizes in Gillett, WI are 2-bedroom and 3-bedroom, accounting for 39.8% and 38.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $799 | $886 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $799 | $799 |
| 2 Bed Rent | $695 | $695 |
| 3 Bed Rent | $850 | $1,020 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gillett, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Gillett, WI is 104. This is a increase of 128.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $501,000 | 162.0% |
Listing Count | 7 | -52.0% |
| Listings as % of Homes | 0.6% | -52.0% |
Days on Market | 104 | 128.0% |
Demographics — Gillett, WI
As of the latest ACS Survey released in 2023, Gillett, WI has a population of 3,340, which has decreased by -3.4% over the past 5 years. Gillett, WI is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 12.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,340 | -3.4% |
% Under 18 | 22.6% | 20.2% |
% Seniors | 19.9% | -8.3% |
% WFH | 10.8% | 66.2% |
% w/ College Degree | 12.4% | -5.3% |
As of the latest ACS Survey released in 2023, Gillett, WI is a predominantly white area, with 89.3% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Gillett, WI is hispanic, making up 4.2% of the population. Foreign-born residents account for 0.6% of the population in Gillett, WI, and this percentage has decreased by 71.4% 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 | 89.3% | 1.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 4.2% | 55.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.6% | -71.4% |
Mortgage and Risk — Gillett, WI
According to HUD data as of 2023, there were 59 mortgage originations in Gillett, WI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Gillett, WI. Investor activity is low, as 8.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 8.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Gillett, WI
Gillett, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$39 | $799 | $760 |
| 2 Bedroom | $235 | $695 | $930 |
| 3 Bedroom | $330 | $850 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Gillett, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $230,000 |
| Median Household Income | $64,700 |