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 36,653, 14,697 total housing units (homes and apartments), and a median house value of $440,290, Sun Prairie real estate is some of the most expensive in Wisconsin, although Sun Prairie home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Sun Prairie, accounting for 51.28% of the city's housing units. Other types of housing that are prevalent in Sun Prairie include large apartment complexes or high rise apartments ( 27.72%), row houses and other attached homes ( 11.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.79%).
The most prevalent building size and type in Sun Prairie are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.24% owning and 37.76% renting.
Sun Prairie homes and real estate are some of the newest in America. 43.40% of Sun Prairie's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Sun Prairie real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.54%), and between 1940-1969 ( 16.30%). There's also some housing in Sun Prairie built before 1939 ( 3.77%).
Real estate appreciation rates in Sun Prairie's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.38% during the period.
Over the last year, Sun Prairie appreciation rates have trailed the rest of the nation. In the last twelve months, Sun Prairie's appreciation rate has been 5.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sun Prairie were at 1.71%, which equates to an annual appreciation rate of 7.00%.
Relative to Wisconsin, our data show that Sun Prairie's latest annual appreciation rate is lower than 80% of the other cities and towns in Wisconsin.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sun Prairie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sun Prairie - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sun Prairie real estate investment or home purchase decisions.
$440,290
for Wisconsin
for nation
14,697
$1,955 / per month