Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 14,645, 6,360 total housing units (homes and apartments), and a median house value of $286,717, Chippewa Falls real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Chippewa Falls, accounting for 52.86% of the city's housing units. Other types of housing that are prevalent in Chippewa Falls include duplexes, homes converted to apartments or other small apartment buildings ( 21.89%), large apartment complexes or high rise apartments ( 19.13%), and a few row houses and other attached homes ( 5.35%).
People in Chippewa Falls primarily live in small (one, two or no bedroom) single-family detached homes. Chippewa Falls has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Chippewa Falls built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Chippewa Falls built before 1939 ( 28.29%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.54%). There's also some housing in Chippewa Falls built between 2000 and later ( 17.71%).
Appreciation rates for homes in Chippewa Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.68%, which ranks in the top 40% nationwide. This equates to an annual average Chippewa Falls house appreciation rate of 7.32%.
Over the last year, Chippewa Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Chippewa Falls's appreciation rate has been 4.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chippewa Falls were at 4.07%, which equates to an annual appreciation rate of 17.30%.
Importantly, this makes Chippewa Falls one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Wisconsin, our data show that Chippewa Falls's latest annual appreciation rate is lower than 80% of the other cities and towns in Wisconsin.
$286,717
for Wisconsin
for nation
6,360
$1,413 / per month