Luck, WI Real Estate Market
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
Luck, WI Housing Market Trends
With 1,076 people, 500 houses or apartments, and a median cost of homes of $279,222, Luck 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 Luck, accounting for 77.26% of the village's housing units. Other types of housing that are prevalent in Luck include duplexes, homes converted to apartments or other small apartment buildings ( 8.53%), large apartment complexes or high rise apartments ( 7.28%), and a few mobile homes or trailers ( 6.22%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Luck. Owner-occupied housing accounts for 65.80% of Luck's homes, and 58.79% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Luck's housing was primarily built during this period, from the '40s through the '60s. A full 36.41% of the village's housing hails from this era. Other housing ages represented in Luck include homes built between 1970-1999 ( 34.99%) and housing constructed before 1939 ( 18.83%). There's also some housing in Luck built between 2000 and later ( 9.77%).
Vacant housing appears to be an issue in Luck. Fully 11.19% of the housing stock is classified as vacant. Left unchecked, vacant Luck homes and apartments can be a drag on the real estate market, holding Luck 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.
Luck Home Appreciation Rates
In the last 10 years, Luck has experienced some of the highest home appreciation rates of any community in the nation. Luck real estate appreciated 117.82% over the last ten years, which is an average annual home appreciation rate of 8.10%, putting Luck in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Luck definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Luck that despite a nationwide downturn in the housing market, Luck real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Luck appreciation rates continue to be some of the highest in America, at 12.31%, which is higher than appreciation rates in 94.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Luck. Luck 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 Luck's latest annual appreciation rate is higher than 90% of the other cities and towns in Wisconsin.
Median Home Value
$279,222
Low
for Wisconsin
Average
for nation
Number of Homes And Apartments:
500
WI
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,300 / per month