What can first-time homebuyers in Winnebago County do amid median single-family home price of $282K?


What can first-time homebuyers in Winnebago County do amid median single-family home price of $282K?


WINNEBAGO COUNTY – Property values are only going up from here.

Of course, Oshkosh homeowners know this all too well, with last year`s revaluation calamity raising the city`s combined assessed value of residential properties by a whopping 53%.

Adding that to ever-soaring interest rates, low housing inventory and high demand for homes has created an almost impossible market for first-time homebuyers to enter.

Key Points

  • The median price for a single-family home in Winnebago County has increased by 75% in the last five years.

  • Low housing inventory, high demand and rising interest rates have created a difficult market for first-time homebuyers.

  • Experts advise that home prices are unlikely to decrease and view homeownership as a valuable long-term investment.

  • Cities like Oshkosh and Neenah are developing new housing units to address a projected need for thousands of new homes by 2030.

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Leo’s notes: Winnebago County’s housing market highlights the growing affordability crisis, with home values up 75% in five years and fewer than 40 listings under $200,000. Local zoning reforms and new developments show progress, but rising costs and labor shortages keep first-time buyers on the margins—a challenge and model to watch statewide...

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