Wausau, WI—54401
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 $240,000, with a year-over-year change of 6.7%. This indicates that home prices in Wausau, WI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $240,000 | 6.7% |
| Single Family | $240,000 | 7.1% |
| Condos | $227,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $110,000 | 5.8% |
2 Bed | $159,000 | 6.7% |
3 Bed | $220,000 | 6.3% |
4 Bed | $267,000 | 6.4% |
| 5 Bed | $335,000 | 6.7% |
% of Housing Stock
Rental Trends — Wausau, WI
As of July '25, Rentcast reports the average rent in Wausau, WI is $1,130, with a year-over-year rent change of -7.4%. Per bedroom, the median rent as of July '25 in Wausau, WI is studios: $575, 1-bedrooms: $780, 2-bedrooms: $1,030, 3-bedrooms: $1,750, 4-bedrooms: $1,310. The most common rental property sizes in Wausau, WI are 2-bedroom and 1-bedroom, accounting for 55.9% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $899 | $1,130 |
| Studio Rent | $575 | $575 |
| 1 Bed Rent | $795 | $780 |
| 2 Bed Rent | $875 | $1,030 |
| 3 Bed Rent | $1,600 | $1,750 |
| 4 Bed Rent | $1,300 | $1,310 |
% 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 31. This is a decrease of -23.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | 12.0% |
Listing Count | 83 | 10.0% |
| Listings as % of Homes | 0.2% | 10.0% |
Days on Market | 31 | -23.0% |
Demographics — Wausau, WI
As of the latest ACS Survey released in 2023, Wausau, WI has a population of 31,400, which has increased by 2.4% over the past 5 years. Wausau, WI is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 30.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,400 | 2.4% |
% Under 18 | 22.4% | 0.4% |
% Seniors | 19.5% | 13.4% |
% WFH | 13.0% | 293.9% |
% w/ College Degree | 30.9% | 5.1% |
As of the latest ACS Survey released in 2023, Wausau, WI is a predominantly white area, with 78.0% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Wausau, WI is asian, making up 11.9% of the population. Foreign-born residents account for 7.2% of the population in Wausau, WI, and this percentage has increased by 2.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.0% | -5.3% |
% Black | 0.2% | -77.8% |
% Hispanic | 4.7% | 51.6% |
% Asian | 11.9% | 7.2% |
% Foreign Born | 7.2% | 2.9% |
Mortgage and Risk — Wausau, WI
According to HUD data as of 2023, there were 688 mortgage originations in Wausau, WI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Wausau, WI. Investor activity is low, as 5.0% 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 | 688 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% 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 7.4%. 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 and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 404 |
Total Units Section 8 | 336 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | 85.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $25 | $795 | $820 |
| 2 Bedroom | $205 | $875 | $1,080 |
| 3 Bedroom | -$190 | $1,600 | $1,410 |
| 4 Bedroom | $130 | $1,300 | $1,430 |
Affordability — Wausau, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $240,000 |
| Median Household Income | $69,500 |