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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.



Cottage Grove, 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

Cottage Grove, WI Housing Market Trends

With a population of 8,857, 3,129 total housing units (homes and apartments), and a median house value of $492,386, Cottage Grove real estate is some of the most expensive in Wisconsin, although Cottage Grove home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Cottage Grove, accounting for 66.75% of the village's housing units. Other types of housing that are prevalent in Cottage Grove include large apartment complexes or high rise apartments ( 15.07%), duplexes, homes converted to apartments or other small apartment buildings ( 9.37%), and a few row houses and other attached homes ( 8.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cottage Grove. Owner-occupied housing accounts for 77.08% of Cottage Grove's homes, and 71.25% have either three or four bedrooms, which is average sized relative to America.

Cottage Grove homes and real estate are some of the newest in America. 52.47% of Cottage Grove's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Cottage Grove real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.05%), and between 1940-1969 ( 3.70%). There's also some housing in Cottage Grove built before 1939 ( 1.77%).

Cottage Grove Home Appreciation Rates

Real estate appreciation rates in Cottage Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.27% during the period.

Appreciation rates are so strong in Cottage Grove that despite a nationwide downturn in the housing market, Cottage Grove real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cottage Grove appreciation rates continue to be some of the highest in America, at 8.09%, which is higher than appreciation rates in 71.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cottage Grove. Cottage Grove appreciation rates in the latest quarter were at 1.71%, which equates to an annual appreciation rate of 7.00%.

Relative to Wisconsin, our data show that Cottage Grove's latest annual appreciation rate is higher than 50% of the other cities and towns in Wisconsin.

Average Home Values

Median Home Value

$492,386

Cottage Grove, WI Home Prices
> $1,405,000
$1,054,001 - $1,405,000
$703,001 - $1,054,000
$562,001 - $703,000
$422,001 - $562,000
$281,001 - $422,000
$140,001 - $281,000
$70,001 - $140,000
$0 - $70,000
0.1%
0.1%
0.2%
0.2%
11.9%
11.9%
18.6%
18.6%
36.8%
36.8%
28.7%
28.7%
3.4%
3.4%
0.0%
0.0%
0.3%
0.3%
0% 100.0%
% of Homes
Very High

for Wisconsin

Very High

for nation

Number of Homes And Apartments:

3,129

Cottage Grove Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,093 / per month

Homeownership Rate

Owners
Renters
77.1%
77.1%
22.9%
22.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.9%
0.9%
99.1%
99.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
52.5%
52.5%
42.1%
42.1%
3.7%
3.7%
1.8%
1.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.8%
66.8%
8.8%
8.8%
9.4%
9.4%
15.1%
15.1%
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
1.1%
1.1%
6.9%
6.9%
14.3%
14.3%
40.3%
40.3%
30.9%
30.9%
6.5%
6.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Cottage Grove

Zip Codes in Cottage Grove, WI