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 7,562, 3,116 total housing units (homes and apartments), and a median house value of $390,190, Hales Corners real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Hales Corners, accounting for 55.13% of the village's housing units. Other types of housing that are prevalent in Hales Corners include large apartment complexes or high rise apartments ( 28.47%), duplexes, homes converted to apartments or other small apartment buildings ( 8.32%), and a few row houses and other attached homes ( 7.15%).
The most prevalent building size and type in Hales Corners are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 54.67% owning and 45.33% 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. Hales Corners's housing was primarily built during this period, from the '40s through the '60s. A full 53.41% of the village's housing hails from this era. Other housing ages represented in Hales Corners include homes built between 1970-1999 ( 28.38%) and housing constructed before 1939 ( 10.77%). There's also some housing in Hales Corners built between 2000 and later ( 7.45%).
Real estate appreciation rates in Hales Corners's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.85% during the period.
Appreciation rates are so strong in Hales Corners that despite a nationwide downturn in the housing market, Hales Corners real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hales Corners appreciation rates continue to be some of the highest in America, at 8.05%, which is higher than appreciation rates in 87.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hales Corners. Hales Corners appreciation rates in the latest quarter were at 0.76%, which equates to an annual appreciation rate of 3.06%.
Relative to Wisconsin, our data show that Hales Corners's latest annual appreciation rate is higher than 70% of the other cities and towns in Wisconsin.
$390,190
for Wisconsin
for nation
3,116
$1,821 / per month