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 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%).
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.
$492,386
for Wisconsin
for nation
3,129
$2,093 / per month