Neenah, WI—54956
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Neenah, WI
As of Oct '25, the median home price in Neenah, WI is $331,000, with a year-over-year change of 6.2%. This indicates that home prices in Neenah, WI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $331,000 | 6.2% |
| Single Family | $335,000 | 6.0% |
| Condos | $261,000 | 7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $229,000 | 8.0% |
3 Bed | $310,000 | 6.2% |
4 Bed | $407,000 | 5.2% |
| 5 Bed | $505,000 | 4.6% |
% of Housing Stock
Rental Trends — Neenah, WI
As of July '25, Rentcast reports the average rent in Neenah, WI is $1,550, with a year-over-year rent change of 23.0%. Per bedroom, the median rent as of July '25 in Neenah, WI is studios: $1,280, 1-bedrooms: $906, 2-bedrooms: $1,120, 3-bedrooms: $2,090, 4-bedrooms: $3,400. The most common rental property sizes in Neenah, WI are 2-bedroom and 1-bedroom, accounting for 53.5% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,550 |
| Studio Rent | $1,180 | $1,280 |
| 1 Bed Rent | $853 | $906 |
| 2 Bed Rent | $1,100 | $1,120 |
| 3 Bed Rent | $2,100 | $2,090 |
| 4 Bed Rent | $3,400 | $3,400 |
% of Rental Stock
Property Listings — Neenah, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Neenah, WI is 56. This is a increase of 8.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $412,000 | 10.0% |
Listing Count | 125 | 9.0% |
| Listings as % of Homes | 0.3% | 9.0% |
Days on Market | 56 | 8.0% |
Demographics — Neenah, WI
As of the latest ACS Survey released in 2023, Neenah, WI has a population of 46,700, which has increased by 6.7% over the past 5 years. Neenah, WI is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 38.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,700 | 6.7% |
% Under 18 | 23.3% | -2.1% |
% Seniors | 15.3% | 6.2% |
% WFH | 11.7% | 207.9% |
% w/ College Degree | 38.4% | 15.3% |
As of the latest ACS Survey released in 2023, Neenah, WI is a predominantly white area, with 87.0% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Neenah, WI is hispanic, making up 5.3% of the population. Foreign-born residents account for 3.1% of the population in Neenah, WI, and this percentage has decreased by 8.8% 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 | 87.0% | -3.7% |
% Black | 2.3% | 155.6% |
% Hispanic | 5.3% | 12.8% |
% Asian | 2.3% | 15.0% |
% Foreign Born | 3.1% | -8.8% |
Mortgage and Risk — Neenah, WI
According to HUD data as of 2023, there were 1072 mortgage originations in Neenah, WI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Neenah, WI. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,072 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Neenah, WI
As of 2024, the percent of homes in Neenah, WI under the Section 8 program is 5.6%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Neenah, WI, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 397 |
Total Units Section 8 | 344 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $47 | $853 | $900 |
| 2 Bedroom | $70 | $1,100 | $1,170 |
| 3 Bedroom | -$530 | $2,100 | $1,570 |
| 4 Bedroom | -$1,650 | $3,400 | $1,750 |
Affordability — Neenah, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $331,000 |
| Median Household Income | $81,400 |