Building Costs Per Square Foot in the State of Wisconsin – Single Family Homes

Last Updated on April 8, 2024 by admin

Completed in 2022. Newly-built 4 Bedroom House with 4 Bathrooms and 4 x Attached Garages, Gross Floor Area 3247 sqft – on 953 Pollow Road, Verona, Wisconsin – Price $789,900

Back Elevation – Newly-built 4 Bedroom House with 4 Bathrooms and 4 x Attached Garages, Gross Floor Area 3247 sqft – on 953 Pollow Road, Verona, Wisconsin – Price $789,900

As of 2024, building costs in the state of Wisconsin are 1% above the national average. The charts below show a comparison of costs between luxury, semi-luxury, best, good, average and minimum standard single-family houses. Costs are also given for manufactured housing in five quality classes.

2024 Building Costs Per Square Foot for Single Family Homes in the State of Wisconsin, USA

Class 1 – Luxury Homes – $402.75 to $614.15 per sqft

Class 2 – Semi Luxury Homes – $244.79 to $373.25 per sqft

Class 3 – Best Standard Homes – $158.22 to $239.08 per sqft

Class 4 – Good Standard Homes – $115.47 to $176.15 per sqft

Class 5 – Average Standard Homes – $93.74 to $142.80 per sqft

Class 6 – Minimum Standard  Homes – $73.95 to $112.73 per sqft

Wisconsin Single Family Houses 2024 Building Costs

2024 Building Costs Per Square Foot for Manufactured Housing in the State of Wisconsin, USA

Manufactured housing is composed of one or more prefabricated modular units which are delivered to the site and assembled on a RC foundation or slab.

Best Quality Housing – $142.61 to $162.50 per sqft

Good Quality Housing – $120.23 to $143.37 per sqft

Average Quality Housing – $97.50 to $124.86 per sqft

Low Average Quality Housing – $82.57 to $108.79 per sqft

Lowest Quality Housing – $70.95 to $96.23 per sqft

Wisconsin Single Family Houses 2024 Building Costs

2022 Residential Construction Market Analysis in the State of Wisconsin, USA

Building costs are equal to the national average in the state of Wisconsin, and equivalent to the states of Washington, Ohio and Kansas. The residential construction market is one that changes every year, either due to new trends in people’s choices, or due to the different global contexts such as moments of economic crisis, or, as in the most recent case, the COVID-19 pandemic. 19. However, despite being a changing market, it has certain factors that are predictable, and certain characteristics that do not change, especially if you focus on the same region or place.

For that reason, we will dedicate this article to an analysis of the residential construction market in Wisconsin, United States. This will be useful if you are thinking of investing in the region, if you want to live there, or if you are simply interested in knowing a little more about the real estate market in Wisconsin.

Wisconsin Construction Outlook

The state of Wisconsin is located in the midwest of the country, and although its capital is Madison, it is most likely that Milwaukee, which is its most populous city, sounds more familiar to you.

This state is at a midpoint in terms of population density when compared to other states in the country. It has a density of 30 inhabitants per square kilometer, which places it in position number 20 out of 50.

Wisconsin is mainly known for its rural areas or for its small country towns, but in reality, the majority of its population is concentrated in the cities. It has a 60% urban population, and the majority is in Milwaukee.

To give you an idea of ​​what residential buildings are like, the only skyscrapers are in Milwaukee and Madison and they are very few. If you go to other smaller cities like Green Bay or Racine, you will find average houses or buildings with a maximum of 10 floors. This is not because of any regulation or law, but because they are towns that prefer to build large houses or condominiums rather than tall buildings.

The buildings are similar to what you can find in other cities in the midwest. These are the typical red brick houses on the outside or built with concrete. They retain a fairly classic style and it is rare to see modern constructions or the most cosmopolitan glazed houses. In Wisconsin, they are mostly traditional constructions but remember that if you want to build your own house you can let your imagination run wild.

Wisconsin Housing Market Analysis

The housing market in Wisconsin is going through a problem, not in what has to do with the values ​​of the properties, but in what refers to the supply of them.

This 2022 began with a drop in the availability of properties to buy, which is accompanied by an increase in demand. This is a problem since the last time this phenomenon occurred was in the mid-2000s, and was known as the “housing bubble”, which was a precursor to the 2009 crisis.

This occurs when the increase in the value of the properties is due to the low supply of the same, which is what is happening today. In any case, some experts see it with more optimistic eyes, hoping that this is only due to an impact caused by the pandemic and that this year the trend will change.

This is something risky for the economy in general and not only for the real estate market. In fact, if you invest in Wisconsin you are likely to make money, but it may also mean that other levels of the economy are at risk.

Wisconsin Average House Price (Median Home Price)

The average sale price of a typical family house, that is, 4 bedrooms, a kitchen, 2 bathrooms, a garage, and a medium garden is $250,000, although it can go up if you are in the most populated cities, and go down if you search for them in the smaller towns.

In recent years, the value of properties increased by 34% (between 2017 and 2022), which is a large number, but is viewed negatively by economic analysts due to the data already mentioned above.

If you are in the outskirts of Wisconsin and want to build a house from scratch, it is estimated that the price can reach $170,000 (including the value of the land within that number).

Wisconsin is not known for its luxury homes, in fact, they are only found in a few exclusive neighborhoods but it is not something that you will find frequently. It is estimated that a luxury house in Wisconsin can be worth from $500,000 to a million dollars, always varying according to the type of materials you build with, the area where you are, etc.

Remember that the school district will also cause the value of the home to change. That’s why places like Whitefish Bay, Oak Creek, and Mequon may be less well known, but saw a 40% increase in property values ​​due to improvements in the educational and medical system.

Wisconsin Residential Building Projects

Currently, a trend that crosses the state is the construction of residential buildings in large cities. One of the best examples of this is The Couture project, which is expected to be ready in the fall of 2023. This project is a residential apartment building, with some shops on the first floor, which will make it more profitable.

An innovative project, which is also a residential building, is the Ascent project. Here the building is being built through a process called mass timber, where wood is worked in a determined way that allows the creation of a safe and durable frame for the building. This process is quite new in the United States, especially in this case since it will be a 25-story building.

When it comes to homes, most Wisconsin projects are boosted by Berkshire Hathaway Starck Real Estate. They are in charge of building medium or luxury houses for all types of families who want to live in Wisconsin. They work building properties from scratch and also buying, restoring, and selling single-family homes.

Completed in 2022. Newly-built 4 Bedroom House with 3 Bathrooms and 2 x Attached Garages, Gross Floor Area 2700 sqft – on 12110 44th Avenue, Pleasant Prairie, Wisconsin – Price $399,000

2020 Building Costs Per Square Foot for Single Family Homes in the State of Wisconsin, USA

Class 1 – Luxury Single Family Homes

The building cost per square foot for luxury private homes in Wisconsin ranges from $344.89 per sqft to $528.70 per sqft, with the average being $407.02 per sqft. As the bar chart shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.

Class 2 – Semi Luxury Single Family Homes

The building cost per square foot for semi-luxury private homes in Wisconsin ranges from $209.61 per sqft to $321.30 per sqft, with the average being $247.36 per sqft. As the bar chart shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.

Class 3 – Best Standard Single Family Homes

The building cost per square foot for best-standard private homes in Wisconsin ranges from $135.50 per sqft to $205.81 per sqft, with the average being $158.64 per sqft. As the bar chart shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.

Class 4 – Good Standard Single Family Homes

The building cost per square foot for good-standard private homes in Wisconsin ranges from $98.89 per sqft to $151.65 per sqft, with the average being $116.71 per sqft. As the bar graph shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.

Class 5 – Average Standard Single Family Homes

The building cost per square foot for average-standard private homes in Wisconsin ranges from $80.27 per sqft to $122.93 per sqft, with the average being $94.65 per sqft. As the bar graph shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.

Class 6 – Minimum Standard Single Family Homes

The building cost per square foot for minimum-standard private homes in Wisconsin ranges from $63.31 per sqft to $97.04 per sqft, with the average being $74.68 per sqft. As the bar graph shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.

List of 11 Metropolitan Areas/Cities in Wisconsin  – Percentage Deviation of the City/Town Building Cost from the National Average ($X), in Descending Order:

There are 1852 municipalities grouped into 72 counties in the state of Wisconsin. The bar chart below indicates that building costs vary in each metro city/town. The construction cost per square foot in each of these metropolitan cities varies from the state and national average by a certain percentage based on the location factor also known as the local modifier.

The percentage deviation of building costs from the National Average for each metropolitan area in Wisconsin is shown below.

If $X is the Average National Building Cost in the USA, then it will cost the following to build a residential property in each metro city/town in Wisconsin:

Wisconsin  Average 0% (0% more than X)

• Clam Lake 545 -8%
• Eau Claire 547 -2%
• Ladysmith 548 -2%
• Amery 540 -1%
• La Crosse 546 0%
• Portage 539 0%
• Green Bay 541-543 3%
• Oshkosh 549 4%
• Beloit 535 5%
• Milwaukee 530-534 6%
• Madison 537 8%

The Metropolitan Area List above as well as the Bar Graphs below indicate that Clam Lake is the cheapest city to build a private home in the state of Wisconsin, and Madison is the most expensive city to build a home. Building costs are -8% below the national average in Clam Lake and 8% above the national average in Madison.

Cheapest Places To Build in Wisconsin :

Clam Lake is cheapest to place to build at -8% below the national average, followed by Eau Claire and Ladysmith at -2% below the national average. The third cheapest place to build a house is Amery at -1% below the national average. Construction costs in La Crosse and Portage are equivalent to the national and state average. The fifth cheapest place to build is Green Bay at 3% above the national average, followed by Oshkosh at 4% above the national average.

Expensive Places To Build in Wisconsin :

If anything between 5% and 10% is considered expensive, then there are 3 such metropolitan areas in the state of Wisconsin. Building costs in Beloit are 5% above the US average. Residential building costs in the City of Milwaukee are 6% above the US average, and building a house in the City of Madison will cost you 8% above the national average.

More Expensive Places To Build in Wisconsin :

If anything between 10% and 15% is considered more expensive, then there are no such metropolitan areas in state of Wisconsin.

Very Expensive Places To Build in Wisconsin :

The most expensive places to build a house in the USA are those 15% above the national average. There are no such places in Wisconsin.

Wisconsin  State Average Costs:

Private home building costs in the state of Wisconsin are equal to the national average. Building cost rates in the metropolitan area of Amery are closer to the Wisconsin state average by a deviation of 1%. Construction costs in La Crosse and Portage are equal to the national and state average. Madison is the most expensive city to build a home in Wisconsin, and the state of Wisconsin is number 32 on the national ascending costs scale.