Elkhorn, WI Real Estate

With a population of over 10,000, Elkhorn is among the state’s fastest growing communities. The city’s access to major highways I-43 and US 12 make it ideal for business. Because of its prime location, Elkhorn became the county seat for Walworth County in 1846. The city once known strictly for its rich farming produce has now developed into a thriving business community.

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The Elkhorn Area School District offers a diverse, challenging curriculum that aims to promote respect, responsibility and excellence to all its students. It also serves adjacent areas in Walworth County. Located near Elkhorn is the University of Wisconsin – Whitewater, which offers a range of educational programs including business, management, marketing, communications, journalism, social sciences and more.

After the construction of the Racine and Mississippi Railroad in 1856, Elkhorn’s economic landscape shifted from one of farming and agriculture to manufacturing and industry. One of Elkhorn’s earliest industries was band instrument manufacturing, which at one time provided employment to many of its citizens. The city has now expanded to accommodate a more diverse array of business activity, much of it seen in one of its many business and office parks.

Elkhorn has many recreational opportunities for its residents to partake in. The city is home to the Walworth County Fair, recognized as one of the best county fairs in the nation. The fair draws more than 100,000 visitors to Elkhorn and features a classic car show, international camping rally, flea market and horse show. Other area attractions include the White River State Trail and several beautiful parks and golf courses. The White River State Trail is a 12.6-mile limestone trail featuring wonderful scenery for walking, biking, horseback riding and in winter, snowmobiling. The three parks in Elkhorn offer athletic facilities, water activities and music. The city also has four three-season golf courses located nearby.

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Three young land speculators discovered the area when looking for a likely site to found a village. The land’s plentiful oaks and rich clay promised fertile farm acreage.

The area of Elkhorn was named by Colonel Samuel F. Phoenix, who once saw a rack of elk antlers in a tree and proclaimed, “elk horn.”

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Elkhorn properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Jackson Elementary School (Elkhorn) Elkhorn Area School District public 587 Not Provided Jackson Elementary School GreatSchools Rating
Tibbets Elementary School (Elkhorn) Elkhorn Area School District public 465 Not Provided Tibbets Elementary School GreatSchools Rating
West Side Elementary School (Elkhorn) Elkhorn Area School District public 559 Not Provided West Side Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Elkhorn Area Middle School (Elkhorn) Elkhorn Area School District public 681 Not Provided Elkhorn Area Middle School GreatSchools Rating
First Lutheran School (Elkhorn) private 63 Not Provided First Lutheran School GreatSchools Rating
St Patrick Parish School (Elkhorn) private 0 Not Provided St Patrick Parish School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Elkhorn Area High School (Elkhorn) Elkhorn Area School District public 853 Not Provided Elkhorn Area High School GreatSchools Rating
Walworth Co Educ Alt High School (Elkhorn) Elkhorn Area School District charter 24 Not Provided Walworth Co Educ Alt High School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 19,613 102,952 5,687,217
Total Households 7,142 39,261 2,286,339
Total Families 5,274 25,953 1,476,860
Population Density 169 3,317 437,888
Percent Male 50% 50% 50%
Percent Female 50% 50% 50%
White Collar Jobs 61% 59% 55%
Blue Collar Jobs 39% 41% 45%

Top Occupations

Professions Population Employed
Manufacturing 1,856
Transportation 1,711
Healthcare 1,703
Sales 1,625
Retail 1,515
Management 1,320
Information, Scientific and Technical 966
Education 885
Arts and Media 880
Natural Resources 742

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 8,381 51,453 2,620,437
Owner Occupied Housing Units 5,172 26,920 1,568,389
Renter Occupied Housing Units 1,970 12,342 717,965
Vacant Housing Units 1,260 12,133 334,086
Occupancy Rate 85% 76% 87%
Vehicles Per Housing Unit 2 26 1,560

Commute Time To Work

  City County State
Less than 5 minutes 364 2,437 128,186
5 - 14 minutes 2,774 9,372 376,327
15 - 29 minutes 3,175 8,524 445,638
30 - 44 minutes 1,212 4,832 288,549
45-59 minutes 774 3,384 143,851
Over 60 minutes 724 3,093 80,784

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 1,056 6,901 374,133
High School Graduate 4,339 21,720 1,258,952
Some College 2,872 14,338 808,107
Associates Degree 1,266 5,904 355,880
Bachelors Degree 2,385 11,061 663,912
Graduate Degree 944 4,385 242,993

Education Attainment


Market Conditions

Market Conditions for Elkhorn

August 2017

Median Sale Price
$169,000

 DOWN -15.07%
vs. Month Ago
Homes for Sale
38

 UP 2.70%
vs. Month Ago
Homes Sold
7

 DOWN -22.22%
vs. Month Ago
Avg Days on Market
47

 DOWN -34.72%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $169,000. The median sales price for homes in August fell by ($30,000) compared to last month. This represents a 15.07% decrease from July. Compared to the same month last year, the median price of homes fell by ($11,000) representing a -6.11% 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 rose by 1 in August to 38. This represents 2.7% increase from July when 37 homes were on the market. Compared to the same month last year when there were 63 homes for sale, the inventory of homes for sale has fallen by 25 representing a -39.68% 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 rose by 1 in August to 38. This represents 2.7% increase from July when 37 homes were on the market. Compared to the same month last year when there were 63 homes for sale, the inventory of homes for sale has fallen by 25 representing a -39.68% 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 (47) decreased by 25 days compared to July. This represents a 34.72% 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 57, a -54.8% 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 93.89% in August fell by 7.04% compared to July and decreased 3.72% 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 (16) rose by 2 compared to July, a 14.28% change. Compared to August 2016, the number of new listings decreased by 4, a -20% 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 $244,900. The median list price for homes in August rose by $47,900 compared to last month. This represents a 24.31% increase from July. Compared to the same month last year, the median list price of homes increased $48,000 representing a 24.37% 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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