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 30,834 people, 13,689 houses or apartments, and a median cost of homes of $549,583, Fitchburg real estate is some of the most expensive in Wisconsin, although Fitchburg home values aren't among America's most expensive.
Large apartment complexes or high rise apartments are the single most common housing type in Fitchburg, accounting for 48.53% of the city's housing units. Other types of housing that are prevalent in Fitchburg include single-family detached homes ( 39.36%), row houses and other attached homes ( 6.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.77%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
People in Fitchburg primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Fitchburg has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Fitchburg 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 Fitchburg built between 2000 and later ( 40.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.15%). There's also some housing in Fitchburg built before 1939 ( 2.50%).
Real estate appreciation rates in Fitchburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.44% during the period.
NeighborhoodScout's data show that during the latest twelve months, Fitchburg's appreciation rate, at 6.31%, has been at or slightly above the national average. In the latest quarter, Fitchburg's appreciation rate has been 1.71%, which annualizes to a rate of 7.00%.
Relative to Wisconsin, our data show that Fitchburg's latest annual appreciation rate is lower than 70% of the other cities and towns in Wisconsin.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fitchburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fitchburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fitchburg real estate investment or home purchase decisions.
$549,583
for Wisconsin
for nation
13,689
$1,881 / per month