![]() Relative to Wisconsin, our data show that Tomahawk's latest annual appreciation rate is higher than 90% of the other cities and towns in Wisconsin. Importantly, this makes Tomahawk 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. Tomahawk appreciation rates in the latest quarter were at 4.88%, which equates to an annual appreciation rate of 21.01%. Based on the last twelve months, short-term real estate investors have found good fortune in Tomahawk. Looking at just the latest twelve months, Tomahawk appreciation rates continue to be some of the highest in America, at 17.80%, which is higher than appreciation rates in 75.18% of the cities and towns in the nation. The average annual home appreciation rate in Tomahawk during the period has been just 3.82%, which is lower than 80% of US communities.Īppreciation rates are so strong in Tomahawk that despite a nationwide downturn in the housing market, Tomahawk real estate has continued to appreciate in value faster than most communities. Tomahawk's appreciation rate notably has been below the national average for the last ten years. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. Left unchecked, vacant Tomahawk homes and apartments can be a drag on the real estate market, holding Tomahawk real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Fully 19.82% of the housing stock is classified as vacant. Vacant housing appears to be an issue in Tomahawk. There's also some housing in Tomahawk built between 2000 and later ( 12.83%). Other housing ages represented in Tomahawk include homes built between 1970-1999 ( 32.58%) and housing constructed before 1939 ( 16.54%). A full 38.05% of the city's housing hails from this era. Tomahawk's housing was primarily built during this period, from the '40s through the '60s. ![]() 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. Tomahawk has a mixture of owner-occupied and renter-occupied housing.Īt 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. People in Tomahawk primarily live in small (one, two or no bedroom) single-family detached homes. Other types of housing that are prevalent in Tomahawk include large apartment complexes or high rise apartments ( 12.64%), duplexes, homes converted to apartments or other small apartment buildings ( 8.33%), and a few row houses and other attached homes ( 5.29%). Single-family detached homes are the single most common housing type in Tomahawk, accounting for 72.10% of the city's housing units. With a population of 3,441, 1,319 total housing units (homes and apartments), and a median house value of $186,569, house prices in Tomahawk are solidly below the national average. ![]()
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