Beloit, WI Real Estate

Beloit, Wisconsin is a historic city located just above the Wisconsin border. Serviced by Interstate 39/90, the city provides easy access to Chicago, Illinois, Milwaukee, Wisconsin and Madison, Wisconsin for those who need to commute. Populated by 36,633 people, Beloit is home to more than 88 industrial firms, 850 retail establishments, a minor league baseball team and Beloit College. The gorgeous Rock River runs along the City Center. The City’s Historical Society and the Hanchett-Barlett Homestead showcase Beloit’s proud history.

The Beloit housing market provides an array of homes for sale. Homes on the market include classic Cape Cods, five-bedroom houses, charming Colonials and river front Contemporaries. Home builders around the city are Preferred Homes, Eastwood Homes, Richards Construction and Natts Construction. The average price of a home in the Beloit area is $86,710 with the cost of living 21.40 percent lower than the U.S. average.

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The city of Beloit offers plenty of entertainment opportunities that the whole family can enjoy. The city has plenty of options from minor league baseball to historic places.

The Beloit Snappers are a minor league baseball team that provides sports entertainment. The Class A affiliate of the Minnesota Twins provides a great time at the ball park. The team’s season runs from April to early September.

Theater productions can be seen at the American Industrial Arts Gallery performed by the Wisconsin Theatreworks . The gallery provides a unique atmosphere to watch productions. Dinner theater is an option for each production.

The Beloit Angel Museum is known world-wide for its angel collection that includes the Berg Collection. Also, included of the more than 12,000 angels are 900 black angels donated by Oprah Winfrey. The museum has a Heavenly Treasures Gift Shop and A Taste of Heaven Café.

Enjoy a nice picnic after a tour of Beckman Mill. With more than 50-acres of land, the county park maintains a nature path, blacksmith and saw mill shop display and heritage garden. Visitors can also fish in the 17-acre mill pond.

For those who love fresh produce, the city has area apple orchards that generate award-winning ciders. Visitors can pick fresh apples and various seasonal fruits. The orchards sell apple pies, apple cider and jams and jelly.

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Beloit has preserved much of its history with its Native American Indian Mounds, historic homes and city center buildings. In the early 1800s, Native Americans of the Winnebago tribe fled the area when Black Hawk and his tribe were being chased during the Black Hawk War. Among the men pursing the Native Americans was a private named Abraham Lincoln of General Atkinson’s platoon. The platoon made a camp in Beloit on July 1, 1832 during their pursuit.

In the 1820s, the first settler arrived in the Beloit area and traded with the Winnebago tribe. Early settlers were people from many European nationalities. A safe-haven on the Underground Railroad, Beloit saw a solid population of hard working African-Americans. Beloit’s history of diversity has generated a large and diverse population in the city.

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Beloit properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Clinton Elementary School (Clinton) Clinton Community School District public 467 Not Provided Clinton Elementary School GreatSchools Rating
Converse Elementary School (Beloit) Beloit School District public 432 Not Provided Converse Elementary School GreatSchools Rating
Gaston Elementary School (Beloit) Beloit School District public 473 Not Provided Gaston Elementary School GreatSchools Rating
Hackett Elementary School (Beloit) Beloit School District public 447 Not Provided Hackett Elementary School GreatSchools Rating
Mclenegan Elementary School (Beloit) Beloit School District public 270 Not Provided Mclenegan Elementary School GreatSchools Rating
Merrill Elementary School (Beloit) Beloit School District public 293 Not Provided Merrill Elementary School GreatSchools Rating
Morgan Elementary School (Beloit) Beloit School District public 212 Not Provided Morgan Elementary School GreatSchools Rating
Powers Elementary School (Beloit) Beloit Turner School District public 324 Not Provided Powers Elementary School GreatSchools Rating
Robinson Elementary School (Beloit) Beloit School District public 445 Not Provided Robinson Elementary School GreatSchools Rating
St Johns Lutheran School (Beloit) private 0 Not Provided St Johns Lutheran School GreatSchools Rating
Todd Elementary School (Beloit) Beloit School District public 399 Not Provided Todd Elementary School GreatSchools Rating
Townview Elementary School (Beloit) Beloit Turner School District public 320 Not Provided Townview Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Aldrich Middle School (Beloit) Beloit School District public 642 Not Provided Aldrich Middle School GreatSchools Rating
Brother Dutton Catholic School (Beloit) private 0 Not Provided Brother Dutton Catholic School GreatSchools Rating
Clinton Middle School (Clinton) Clinton Community School District public 342 Not Provided Clinton Middle School GreatSchools Rating
Cunningham Elementary School (Beloit) Beloit School District public 291 Not Provided Cunningham Elementary School GreatSchools Rating
Mcneel Middle School (Beloit) Beloit School District public 770 Not Provided Mcneel Middle School GreatSchools Rating
Our Lady Of The Assumption School (Beloit) private 168 Not Provided Our Lady Of The Assumption School GreatSchools Rating
Turner Middle School (Beloit) Beloit Turner School District public 351 Not Provided Turner Middle School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Beloit Learning Academy (Beloit) Beloit School District public 205 Not Provided Beloit Learning Academy GreatSchools Rating
Beloit Virtual School (Beloit) Beloit School District public 16 Not Provided Beloit Virtual School GreatSchools Rating
Calvary Christian School (Beloit) private 0 Not Provided Calvary Christian School GreatSchools Rating
Clinton High School (Clinton) Clinton Community School District public 378 Not Provided Clinton High School GreatSchools Rating
Kolak Education Center (Beloit) Beloit School District public 15 Not Provided Kolak Education Center GreatSchools Rating
Memorial High School (Beloit) Beloit School District public 1763 Not Provided Memorial High School GreatSchools Rating
Rock County Christian School (Beloit) private 0 Not Provided Rock County Christian School GreatSchools Rating
Roy Chapman Andrews Academy (Beloit) Beloit School District charter 66 Not Provided Roy Chapman Andrews Academy GreatSchools Rating
Turner High School (Beloit) Beloit Turner School District public 456 Not Provided Turner High School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 48,965 159,693 5,687,217
Total Households 18,646 62,868 2,286,339
Total Families 12,535 42,731 1,476,860
Population Density 436 3,920 437,888
Percent Male 48% 49% 50%
Percent Female 52% 51% 50%
White Collar Jobs 49% 55% 55%
Blue Collar Jobs 51% 45% 45%

Top Occupations

Professions Population Employed
Manufacturing 5,683
Transportation 4,972
Healthcare 3,889
Education 2,833
Sales 2,769
Retail 2,682
Arts and Media 1,805
Management 1,658
Information, Scientific and Technical 1,171
Construction 1,147

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income with Head of House hold under age of 25

Household Income with Head of House Hold between the ages of 25 and 44

Household Income with Head of House Hold between the ages of 45 and 64

Household Income with Head of Household over the age of 65

Housing Demographics

  City County State
Total Housing Units 20,390 68,423 2,620,437
Owner Occupied Housing Units 12,838 45,320 1,568,389
Renter Occupied Housing Units 5,808 17,547 717,965
Vacant Housing Units 1,745 5,516 334,086
Occupancy Rate 91% 92% 87%
Vehicles Per Housing Unit 2 24 1,560

Commute Time To Work

  City County State
Less than 5 minutes 989 3,142 128,186
5 - 14 minutes 6,953 14,064 378,582
15 - 29 minutes 6,978 14,417 447,492
30 - 44 minutes 2,650 7,593 288,994
45-59 minutes 1,187 5,508 143,851
Over 60 minutes 1,192 2,701 81,055

Total Housing Units

Housing By Occupant

Commute Time To Work

Monthly Rental Rates

Monthly Mortgage Costs

Age of Homeowners

Education Attainment

  City County State
Some High School 6,188 13,459 374,133
High School Graduate 11,728 38,531 1,258,952
Some College 6,198 23,510 808,107
Associates Degree 2,373 9,832 355,880
Bachelors Degree 3,064 13,989 663,912
Graduate Degree 1,600 5,687 243,142

Education Attainment


Market Conditions

Market Conditions for Beloit

August 2017

Median Sale Price
$94,000

 DOWN -5.90%
vs. Month Ago
Homes for Sale


  %
vs. Month Ago
Homes Sold
54

 UP 14.89%
vs. Month Ago
Avg Days on Market
36

 DOWN -16.27%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $94,000. The median sales price for homes in August fell by ($5,900) compared to last month. This represents a 5.9% decrease from July. Compared to the same month last year, the median price of homes rose by $11,550 representing a 14% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

The inventory of homes for sale remained level in August to . Compared to the same month last year when there were homes for sale, the inventory of homes for sale has did not change representing a % year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The inventory of homes for sale remained level in August to . Compared to the same month last year when there were homes for sale, the inventory of homes for sale has did not change representing a % year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Avg Days on Market

The average days on market for a home sold in August (36) decreased by 7 days compared to July. This represents a 16.27% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 28, a -43.75% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

The Sale/List Price Ratio of 95.15% in August fell by 1.11% compared to July and increased 2.65% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

The number of homes listed in August (56) rose by 7 compared to July, a 14.28% change. Compared to August 2016, the number of new listings increased by 11, a 24.44% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Homes

The median list price in August was $98,450. The median list price for homes in August fell by ($650) compared to last month. This represents a 0.65% decrease from July. Compared to the same month last year, the median list price of homes increased $25,550 representing a 35.04% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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