Wausau, WI—54403
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wausau, WI
Home Price Trends — Wausau, WI
As of Oct '25, the median home price in Wausau, WI is $222,000, with a year-over-year change of 5.6%. This indicates that home prices in Wausau, WI are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $222,000 | 5.6% |
| Single Family | $221,000 | 5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $167,000 | 5.7% |
3 Bed | $212,000 | 5.5% |
4 Bed | $256,000 | 6.7% |
| 5 Bed | $344,000 | 5.8% |
% of Housing Stock
Rental Trends — Wausau, WI
As of July '25, Rentcast reports the average rent in Wausau, WI is $1,090, with a year-over-year rent change of 20.6%. Per bedroom, the median rent as of July '25 in Wausau, WI is studios: $550, 1-bedrooms: $770, 2-bedrooms: $1,030, 3-bedrooms: $1,410, 4-bedrooms: $1,550. The most common rental property sizes in Wausau, WI are 2-bedroom and 1-bedroom, accounting for 40.4% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $980 | $1,090 |
| Studio Rent | $550 | $550 |
| 1 Bed Rent | $750 | $770 |
| 2 Bed Rent | $950 | $1,030 |
| 3 Bed Rent | $1,400 | $1,410 |
| 4 Bed Rent | $1,600 | $1,550 |
% of Rental Stock
Property Listings — Wausau, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Wausau, WI is 36. This is a decrease of -4.0% 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 | $342,000 | 56.0% |
Listing Count | 70 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 36 | -4.0% |
Demographics — Wausau, WI
As of the latest ACS Survey released in 2023, Wausau, WI has a population of 25,000, which has increased by 2.2% over the past 5 years. Wausau, WI is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,000 | 2.2% |
% Under 18 | 22.8% | 8.6% |
% Seniors | 20.4% | 8.5% |
% WFH | 12.1% | 157.4% |
% w/ College Degree | 33.2% | 8.1% |
As of the latest ACS Survey released in 2023, Wausau, WI is a predominantly white area, with 85.5% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Wausau, WI is asian, making up 4.6% of the population. Foreign-born residents account for 3.5% of the population in Wausau, WI, and this percentage has decreased by 25.5% 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 | 85.5% | -1.5% |
% Black | 0.6% | -25.0% |
% Hispanic | 3.5% | 94.4% |
% Asian | 4.6% | -41.8% |
% Foreign Born | 3.5% | -25.5% |
Mortgage and Risk — Wausau, WI
According to HUD data as of 2023, there were 465 mortgage originations in Wausau, WI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Wausau, WI. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 465 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Wausau, WI
As of 2024, the percent of homes in Wausau, WI under the Section 8 program is 16.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Wausau, WI, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 613 |
Total Units Section 8 | 596 |
% Rentals under Section 8 | 16.1% |
% Occupied Section 8 | 79.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $750 | $790 |
| 2 Bedroom | $80 | $950 | $1,030 |
| 3 Bedroom | -$50 | $1,400 | $1,350 |
| 4 Bedroom | -$230 | $1,600 | $1,370 |
Affordability — Wausau, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $222,000 |
| Median Household Income | $66,000 |