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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.



Elkhorn, 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

Elkhorn, WI Housing Market Trends

With 10,240 people, 4,162 houses or apartments, and a median cost of homes of $320,987, Elkhorn real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Elkhorn, accounting for 50.62% of the city's housing units. Other types of housing that are prevalent in Elkhorn include large apartment complexes or high rise apartments ( 28.38%), row houses and other attached homes ( 11.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.38%).

People in Elkhorn primarily live in small (one, two or no bedroom) single-family detached homes. Elkhorn has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Elkhorn 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 Elkhorn built between 2000 and later ( 25.92%). A lesser amount of the housing stock also hails from before 1939 ( 19.57%). There's also some housing in Elkhorn built between 1940-1969 ( 17.19%).

Elkhorn Home Appreciation Rates

Appreciation rates for homes in Elkhorn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.86%, which ranks in the top 50% nationwide. This equates to an annual average Elkhorn house appreciation rate of 6.79%.

Appreciation rates are so strong in Elkhorn that despite a nationwide downturn in the housing market, Elkhorn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Elkhorn appreciation rates continue to be some of the highest in America, at 9.18%, which is higher than appreciation rates in 82.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Elkhorn. Elkhorn appreciation rates in the latest quarter were at 1.16%, which equates to an annual appreciation rate of 4.73%.

Relative to Wisconsin, our data show that Elkhorn's latest annual appreciation rate is higher than 70% of the other cities and towns in Wisconsin.

Average Home Values

Median Home Value

$320,987

Elkhorn, WI Home Prices
> $1,395,000
$1,046,001 - $1,395,000
$697,001 - $1,046,000
$558,001 - $697,000
$418,001 - $558,000
$279,001 - $418,000
$140,001 - $279,000
$70,001 - $140,000
$0 - $70,000
1.1%
1.1%
0.1%
0.1%
3.4%
3.4%
5.7%
5.7%
13.6%
13.6%
42.7%
42.7%
27.5%
27.5%
2.7%
2.7%
3.2%
3.2%
0% 100.0%
% of Homes
Average

for Wisconsin

High

for nation

Number of Homes And Apartments:

4,162

Elkhorn Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,682 / per month

Homeownership Rate

Owners
Renters
54.7%
54.7%
45.3%
45.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.6%
2.6%
97.4%
97.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.9%
25.9%
37.3%
37.3%
17.2%
17.2%
19.6%
19.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.6%
50.6%
11.8%
11.8%
7.4%
7.4%
28.4%
28.4%
1.8%
1.8%
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
1.7%
1.7%
8.9%
8.9%
44.7%
44.7%
27.4%
27.4%
15.7%
15.7%
1.6%
1.6%
0% 100.0%
% of Homes