Elk Mound, WI—54739
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elk Mound, WI
As of Oct '25, the median home price in Elk Mound, WI is $358,000, with a year-over-year change of 4.6%. This indicates that home prices in Elk Mound, WI are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $358,000 | 4.6% |
| Single Family | $359,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elk Mound, WI
Elk Mound, WI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | $1,350 | $1,180 |
| 3 Bed Rent | $1,950 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elk Mound, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Elk Mound, WI is 74. This is a increase of 18.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $336,000 | -36.0% |
Listing Count | 9 | 11.0% |
| Listings as % of Homes | 0.2% | 11.0% |
Days on Market | 74 | 18.0% |
Demographics — Elk Mound, WI
As of the latest ACS Survey released in 2023, Elk Mound, WI has a population of 5,320, which has remained stable by 0.8% over the past 5 years. Elk Mound, WI is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,320 | 0.8% |
% Under 18 | 26.5% | -4.0% |
% Seniors | 14.3% | 13.5% |
% WFH | 13.6% | 216.3% |
% w/ College Degree | 24.9% | 12.7% |
As of the latest ACS Survey released in 2023, Elk Mound, WI is a predominantly white area, with 90.8% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Elk Mound, WI is hispanic, making up 4.1% of the population. Foreign-born residents account for 2.2% of the population in Elk Mound, WI, and this percentage has decreased by 43.6% 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 | 90.8% | 0.2% |
% Black | 0.4% | 100.0% |
% Hispanic | 4.1% | 32.3% |
% Asian | 1.7% | -63.8% |
% Foreign Born | 2.2% | -43.6% |
Mortgage and Risk — Elk Mound, WI
According to HUD data as of 2023, there were 128 mortgage originations in Elk Mound, WI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Elk Mound, WI. Investor activity is low, as 4.0% 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 | 128 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Elk Mound, WI
Elk Mound, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$410 | $1,250 | $840 |
| 2 Bedroom | -$270 | $1,350 | $1,080 |
| 3 Bedroom | -$510 | $1,950 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — Elk Mound, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $358,000 |
| Median Household Income | $91,400 |