Marshfield ranked among state’s most affordable housing markets
By Kris Leonhardt
MARSHFIELD — In the 2016 Home Listing report, prepared by Coldwell Banker and released in September, the city of Marshfield was noted as one of the most affordable communities in Wisconsin.
Of the 47 Wisconsin markets with a minimum of 10 listings between January 2016 and June 2016, Marshfield ranked No. 41 with an average home listing at $155,565, just ahead of Janesville and behind Black River Falls.
Mequon was listed as the most expensive with an average home price of $474,739, and Beloit at No. 47 was the most affordable with an average home price of $117,655. Wisconsin’s average listing price was $225,442.
Wisconsin Rapids, which is the closest market to Marshfield in population and proximity, came in at No. 46 with an average home price of $121,158.
Nationally, six of the 10 most expensive markets were located in California’s Silicon Valley, and all of the top 10 were in California. Ranked as the most expensive market was Saratoga, California, with an average home costing $2,453,718.
The most affordable homes in the nation are located in Detroit, an average home listed at $64,110.
The report is based on a four-bedroom, two-bathroom home, and over 2,000 home markets are compared nationwide.