The housing market in 54501 Rhinelander, WI is very robust. The Median Value of a house in the area is $195,200, which is significantly lower than the US House Median Value of $338,100. However, the appreciation rate for houses in Rhinelander has been much higher than the national average over the past year - 16.22%, compared to 8.27% nationally. This demonstrates that there has been a strong demand for housing in this area and suggests that it could be a great place to invest in real estate.
The median home cost in Rhinelander (zip 54501) is $195,200. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Rhinelander (zip 54501) is up 28.9%.
Average Age of Homes
- The median age of Rhinelander (zip 54501) real estate is 42 years old
The Rental Market in Rhinelander (zip 54501)
- Renters make up 14.2% of the Rhinelander (zip 54501) population
- 4.8% of houses and apartments in Rhinelander (zip 54501), 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.