Wisconsin Rapids, WI—54494
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wisconsin Rapids, WI
Home Price Trends — Wisconsin Rapids, WI
As of Oct '25, the median home price in Wisconsin Rapids, WI is $223,000, with a year-over-year change of 8.2%. This indicates that home prices in Wisconsin Rapids, WI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $223,000 | 8.2% |
| Single Family | $223,000 | 8.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $156,000 | 9.1% |
3 Bed | $228,000 | 7.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wisconsin Rapids, WI
As of July '25, Rentcast reports the average rent in Wisconsin Rapids, WI is $1,010, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Wisconsin Rapids, WI is studios: $712, 1-bedrooms: $736, 2-bedrooms: $1,020, 3-bedrooms: $1,340, 4-bedrooms: $1,350. The most common rental property sizes in Wisconsin Rapids, WI are 2-bedroom and 3-bedroom, accounting for 53.2% and 19.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,010 |
| Studio Rent | $750 | $712 |
| 1 Bed Rent | $750 | $736 |
| 2 Bed Rent | $995 | $1,020 |
| 3 Bed Rent | $1,400 | $1,340 |
| 4 Bed Rent | $1,350 | $1,350 |
% of Rental Stock
Property Listings — Wisconsin Rapids, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Wisconsin Rapids, WI is 42. This is a decrease of -3.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | -12.0% |
Listing Count | 61 | -10.0% |
| Listings as % of Homes | 0.3% | -10.0% |
Days on Market | 42 | -3.0% |
Demographics — Wisconsin Rapids, WI
As of the latest ACS Survey released in 2023, Wisconsin Rapids, WI has a population of 27,500, which has increased by 3.6% over the past 5 years. Wisconsin Rapids, WI is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | 3.6% |
% Under 18 | 20.3% | -2.9% |
% Seniors | 22.9% | 6.5% |
% WFH | 8.2% | 121.6% |
% w/ College Degree | 22.9% | 7.5% |
As of the latest ACS Survey released in 2023, Wisconsin Rapids, WI is a predominantly white area, with 92.3% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Wisconsin Rapids, WI is hispanic, making up 2.4% of the population. Foreign-born residents account for 1.6% of the population in Wisconsin Rapids, 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 | 92.3% | 1.2% |
% Black | 0.6% | 20.0% |
% Hispanic | 2.4% | -22.6% |
% Asian | 1.8% | -41.9% |
% Foreign Born | 1.6% | -46.7% |
Mortgage and Risk — Wisconsin Rapids, WI
According to HUD data as of 2023, there were 359 mortgage originations in Wisconsin Rapids, WI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Wisconsin Rapids, WI. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 359 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Wisconsin Rapids, WI
Wisconsin Rapids, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 367 |
Total Units Section 8 | 313 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $750 | $810 |
| 2 Bedroom | $65 | $995 | $1,060 |
| 3 Bedroom | -$50 | $1,400 | $1,350 |
| 4 Bedroom | $60 | $1,350 | $1,410 |
Affordability — Wisconsin Rapids, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $223,000 |
| Median Household Income | $71,100 |