Eau Claire, WI—54701
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Eau Claire, WI
Home Price Trends — Eau Claire, WI
As of Oct '25, the median home price in Eau Claire, WI is $344,000, with a year-over-year change of 2.3%. This indicates that home prices in Eau Claire, WI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $344,000 | 2.3% |
| Single Family | $348,000 | 2.4% |
| Condos | $248,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $249,000 | 2.0% |
3 Bed | $306,000 | 2.0% |
4 Bed | $389,000 | 2.4% |
| 5 Bed | $525,000 | 3.3% |
% of Housing Stock
Rental Trends — Eau Claire, WI
As of July '25, Rentcast reports the average rent in Eau Claire, WI is $1,190, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Eau Claire, WI is studios: $841, 1-bedrooms: $1,020, 2-bedrooms: $1,130, 3-bedrooms: $1,540, 4-bedrooms: $1,620. The most common rental property sizes in Eau Claire, WI are 2-bedroom and 1-bedroom, accounting for 46.8% and 21.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,190 |
| Studio Rent | $895 | $841 |
| 1 Bed Rent | $995 | $1,020 |
| 2 Bed Rent | $1,100 | $1,130 |
| 3 Bed Rent | $1,450 | $1,540 |
| 4 Bed Rent | $1,500 | $1,620 |
% of Rental Stock
Property Listings — Eau Claire, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Eau Claire, WI is 62. This is a increase of 30.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $351,000 | 1.0% |
Listing Count | 113 | -7.0% |
| Listings as % of Homes | 0.4% | -7.0% |
Days on Market | 62 | 30.0% |
Demographics — Eau Claire, WI
As of the latest ACS Survey released in 2023, Eau Claire, WI has a population of 42,300, which has increased by 5.5% over the past 5 years. Eau Claire, WI is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 42.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,300 | 5.5% |
% Under 18 | 18.8% | -2.6% |
% Seniors | 17.6% | 8.6% |
% WFH | 12.8% | 88.2% |
% w/ College Degree | 42.2% | 5.0% |
As of the latest ACS Survey released in 2023, Eau Claire, WI is a predominantly white area, with 88.6% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Eau Claire, WI is asian, making up 3.9% of the population. Foreign-born residents account for 3.5% of the population in Eau Claire, WI, and this percentage has decreased by 28.6% 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 | 88.6% | 0.5% |
% Black | 0.9% | -10.0% |
% Hispanic | 2.1% | -40.0% |
% Asian | 3.9% | -17.0% |
% Foreign Born | 3.5% | -28.6% |
Mortgage and Risk — Eau Claire, WI
According to HUD data as of 2023, there were 776 mortgage originations in Eau Claire, WI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Eau Claire, WI. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 776 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Eau Claire, WI
As of 2024, the percent of homes in Eau Claire, WI under the Section 8 program is 12.5%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Eau Claire, WI, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 965 |
Total Units Section 8 | 931 |
% Rentals under Section 8 | 12.5% |
% Occupied Section 8 | 86.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$105 | $995 | $890 |
| 2 Bedroom | -$10 | $1,100 | $1,090 |
| 3 Bedroom | $50 | $1,450 | $1,500 |
| 4 Bedroom | $80 | $1,500 | $1,580 |
Affordability — Eau Claire, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $344,000 |
| Median Household Income | $71,400 |