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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Fitchburg, WI Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fitchburg, WI Housing Market Trends

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%).

Fitchburg Home Appreciation Rates

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.

Average Home Values

Median Home Value

$549,583

Fitchburg, WI Home Prices
> $1,361,000
$1,021,001 - $1,361,000
$681,001 - $1,021,000
$545,001 - $681,000
$409,001 - $545,000
$272,001 - $409,000
$136,001 - $272,000
$68,001 - $136,000
$0 - $68,000
1.7%
1.7%
4.4%
4.4%
16.3%
16.3%
14.8%
14.8%
28.5%
28.5%
23.4%
23.4%
7.8%
7.8%
1.5%
1.5%
1.6%
1.6%
0% 100.0%
% of Homes
Very High

for Wisconsin

Very High

for nation

Number of Homes And Apartments:

13,689

Fitchburg Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,881 / per month

Homeownership Rate

Owners
Renters
46.6%
46.6%
53.4%
53.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.4%
2.4%
97.6%
97.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
40.7%
40.7%
48.7%
48.7%
8.2%
8.2%
2.5%
2.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
39.4%
39.4%
6.3%
6.3%
5.8%
5.8%
48.5%
48.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
25.1%
25.1%
28.7%
28.7%
25.6%
25.6%
13.4%
13.4%
5.2%
5.2%
0% 100.0%
% of Homes