New Richmond, WI is an excellent place to invest in housing. The median value of a house in New Richmond is $323,900 which is slightly lower than the US House median value of $338,100. However, the 1 year house appreciation in New Richmond is 9.73% while the US average is 8.27%, indicating that housing in New Richmond has outperformed the national average in terms of appreciation over the last year. This makes it a great option for people looking to buy or invest in real estate as the housing market shows signs of growth and stability.
The median home cost in New Richmond is $323,900. Home appreciation the last 10 years has been 103.7%. Home Appreciation in New Richmond is up 15.9%.
Average Age of Homes
- The median age of New Richmond real estate is 28 years old
The Rental Market in New Richmond
- Renters make up 37.0% of the New Richmond population
- 0.9% of houses and apartments in New Richmond, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.