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 3,610 people, 1,614 houses or apartments, and a median cost of homes of $347,918, Omro real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Omro, accounting for 70.87% of the city's housing units. Other types of housing that are prevalent in Omro include large apartment complexes or high rise apartments ( 10.69%), row houses and other attached homes ( 7.27%), and a few mobile homes or trailers ( 6.85%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Omro. Owner-occupied housing accounts for 70.84% of Omro's homes, and 63.30% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Omro 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 Omro built between 2000 and later ( 21.50%). A lesser amount of the housing stock also hails from before 1939 ( 20.18%). There's also some housing in Omro built between 1940-1969 ( 17.12%).
Appreciation rates for homes in Omro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.32%, which ranks in the top 40% nationwide. This equates to an annual average Omro house appreciation rate of 7.14%.
Appreciation rates are so strong in Omro that despite a nationwide downturn in the housing market, Omro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Omro appreciation rates continue to be some of the highest in America, at 9.47%, which is higher than appreciation rates in 84.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Omro. Omro appreciation rates in the latest quarter were at 4.34%, which equates to an annual appreciation rate of 18.53%.
Importantly, this makes Omro one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Wisconsin, our data show that Omro's latest annual appreciation rate is higher than 70% of the other cities and towns in Wisconsin.
$347,918
for Wisconsin
for nation
1,614
$1,274 / per month