Beloit, 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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Beloit, WI Housing Market Trends

With 36,926 people, 14,037 houses or apartments, and a median cost of homes of $95,898, house prices in Beloit are some of the most affordable in Wisconsin as well as the nation.

Single-family detached homes are the single most common housing type in Beloit, accounting for 69.74% of the city's housing units. Other types of housing that are prevalent in Beloit include large apartment complexes or high rise apartments ( 15.24%), duplexes, homes converted to apartments or other small apartment buildings ( 11.10%), and a few row houses and other attached homes ( 3.05%).

The most prevalent building size and type in Beloit are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.35% owning and 44.65% renting.

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. Beloit's housing was primarily built during this period, from the '40s through the '60s. A full 41.40% of the city's housing hails from this era. Other housing ages represented in Beloit include homes built before 1939 ( 27.80%) and housing constructed between 1970-1999 ( 20.88%). There's also some housing in Beloit built between 2000 and later ( 9.92%).

Beloit Home Appreciation Rates

Real estate appreciation rates in Beloit's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.12% during the period.

Over the last year, Beloit appreciation rates have trailed the rest of the nation. In the last twelve months, Beloit's appreciation rate has been 4.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beloit were at 2.68%, which equates to an annual appreciation rate of 11.16%.

Relative to Wisconsin, our data show that Beloit's latest annual appreciation rate is lower than 70% 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 Beloit differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beloit - 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 Beloit real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$95,898

Beloit, WI HOME PRICES

> $1,169,000
0.3%
0.3%
$877,001 - $1,169,000
0.0%
0.0%
$585,001 - $877,000
0.2%
0.2%
$468,001 - $585,000
0.3%
0.3%
$351,001 - $468,000
1.3%
1.3%
$234,001 - $351,000
5.9%
5.9%
$117,001 - $234,000
28.4%
28.4%
$58,001 - $117,000
50.8%
50.8%
$0 - $58,000
12.8%
12.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for WI

Value Relative To Nation

Number Of Homes And Apartments:
14,037

Beloit Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
40.04% 1.62%
1
2
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$975 / per month

Homeownership Rate

Owners
55.4%
55.4%
Renters
44.6%
44.6%
Vacant
8.9%
8.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
9.9%
9.9%
1970 - 1999
20.9%
20.9%
1940 - 1969
41.4%
41.4%
1939 or Older
27.8%
27.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.7%
69.7%
Townhomes
3.0%
3.0%
Small Apt. Buildings
11.1%
11.1%
Apt. Complexes
15.2%
15.2%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
12.1%
12.1%
2 Bedrooms
29.1%
29.1%
3 Bedrooms
40.7%
40.7%
4 Bedrooms
12.1%
12.1%
5 or more bedrooms
3.2%
3.2%
0.0% 100.0%
% OF HOMES