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 10,592 people, 4,178 houses or apartments, and a median cost of homes of $316,888, New Richmond 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 New Richmond, accounting for 56.41% of the city's housing units. Other types of housing that are prevalent in New Richmond include large apartment complexes or high rise apartments ( 18.31%), duplexes, homes converted to apartments or other small apartment buildings ( 13.32%), and a few row houses and other attached homes ( 11.63%).
The most prevalent building size and type in New Richmond are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.36% owning and 42.64% renting.
There is a lot of housing in New Richmond 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 New Richmond built between 2000 and later ( 31.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.04%). There's also some housing in New Richmond built before 1939 ( 9.78%).
Appreciation rates for homes in New Richmond have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.50%, which ranks in the top 40% nationwide. This equates to an annual average New Richmond house appreciation rate of 7.10%.
Over the last year, New Richmond appreciation rates have trailed the rest of the nation. In the last twelve months, New Richmond's appreciation rate has been 1.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Richmond were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Wisconsin, our data show that New Richmond's latest annual appreciation rate is lower than 90% of the other cities and towns in Wisconsin.
$316,888
for Wisconsin
for nation
4,178
$1,606 / per month