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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.



Hancock, 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

Hancock, WI Housing Market Trends

With 403 people, 202 houses or apartments, and a median cost of homes of $281,452, Hancock real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hancock, accounting for 80.34% of the village's housing units. Other types of housing that are prevalent in Hancock include mobile homes or trailers ( 14.14%), large apartment complexes or high rise apartments ( 4.14%), and a few row houses and other attached homes ( 1.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hancock. Owner-occupied housing accounts for 74.75% of Hancock's homes, and 61.38% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hancock 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 Hancock built before 1939 ( 33.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.97%). There's also some housing in Hancock built between 2000 and later ( 1.72%).

Vacant housing appears to be an issue in Hancock. Fully 30.34% of the housing stock is classified as vacant. Left unchecked, vacant Hancock homes and apartments can be a drag on the real estate market, holding Hancock real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hancock Home Appreciation Rates

Appreciation rates for homes in Hancock have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.90%, which ranks in the top 40% nationwide. This equates to an annual average Hancock house appreciation rate of 7.38%.

Appreciation rates are so strong in Hancock that despite a nationwide downturn in the housing market, Hancock real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hancock appreciation rates continue to be some of the highest in America, at 8.35%, which is higher than appreciation rates in 73.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hancock. Hancock 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 Hancock's latest annual appreciation rate is higher than 50% of the other cities and towns in Wisconsin.

Average Home Values

Median Home Value

$281,452

Hancock, WI Home Prices
> $1,447,000
$1,085,001 - $1,447,000
$723,001 - $1,085,000
$578,001 - $723,000
$434,001 - $578,000
$289,001 - $434,000
$145,001 - $289,000
$72,001 - $145,000
$0 - $72,000
0.9%
0.9%
1.2%
1.2%
4.8%
4.8%
3.4%
3.4%
10.5%
10.5%
24.4%
24.4%
38.1%
38.1%
11.0%
11.0%
5.7%
5.7%
0% 100.0%
% of Homes
Average

for Wisconsin

Average

for nation

Number of Homes And Apartments:

202

Hancock Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,056 / per month

Homeownership Rate

Owners
Renters
74.8%
74.8%
25.2%
25.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
30.3%
30.3%
69.7%
69.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.7%
1.7%
45.5%
45.5%
19.0%
19.0%
33.8%
33.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
80.3%
80.3%
1.4%
1.4%
0.0%
0.0%
4.1%
4.1%
14.1%
14.1%
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
0.0%
0.0%
7.6%
7.6%
24.8%
24.8%
37.9%
37.9%
23.4%
23.4%
6.2%
6.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Hancock

Zip Codes in Hancock, WI