Algoma, WI—54201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Algoma, WI
As of Oct '25, the median home price in Algoma, WI is $251,000, with a year-over-year change of 7.3%. This indicates that home prices in Algoma, WI are increasing. According to Zillow, the 1-year price projection is 4.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 7.3% |
| Single Family | $249,000 | 8.3% |
| 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 | $254,000 | 5.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Algoma, WI
As of July '25, Rentcast reports the average rent in Algoma, WI is $2,520, with a year-over-year rent change of -33.5%. Per bedroom, the median rent as of July '25 in Algoma, WI is 1-bedrooms: $389, 2-bedrooms: $3,590. The most common rental property sizes in Algoma, WI are 2-bedroom and 1-bedroom, accounting for 40.3% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $425 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $389 | $389 |
| 2 Bed Rent | $425 | $3,590 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Algoma, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Algoma, WI is 109. This is a increase of 92.0% 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 | $422,000 | 54.0% |
Listing Count | 15 | 9.0% |
| Listings as % of Homes | 0.3% | 9.0% |
Days on Market | 109 | 92.0% |
Demographics — Algoma, WI
As of the latest ACS Survey released in 2023, Algoma, WI has a population of 5,180, which has remained stable by -0.2% over the past 5 years. Algoma, WI is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 18.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,180 | -0.2% |
% Under 18 | 21.2% | 6.5% |
% Seniors | 25.4% | 2.4% |
% WFH | 7.7% | 156.7% |
% w/ College Degree | 18.7% | -7.0% |
As of the latest ACS Survey released in 2023, Algoma, WI is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Algoma, WI is hispanic, making up 3.9% of the population. Foreign-born residents account for 1.7% of the population in Algoma, WI, and this percentage has increased by 30.8% 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 | 90.6% | -6.2% |
% Black | 0.7% | 40.0% |
% Hispanic | 3.9% | 178.6% |
% Asian | 0.8% | 33.3% |
% Foreign Born | 1.7% | 30.8% |
Mortgage and Risk — Algoma, WI
According to HUD data as of 2023, there were 116 mortgage originations in Algoma, WI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Algoma, WI. Investor activity is low, as 0.0% 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 | 116 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 0.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Algoma, WI
Algoma, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 79 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $431 | $389 | $820 |
| 2 Bedroom | $605 | $425 | $1,030 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Algoma, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $251,000 |
| Median Household Income | $65,800 |