Market Overview
Home Prices in Elroy, WI
The median home value in Elroy, WI is $227,717 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.9% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elroy are priced44% below average.
Over the past five years, Elroy home values have risen by approximately39.5%, reflecting strong long-term appreciation in this market.
Price History
Elroy Home Price Trend
2020
$138,854
$139K
—
2021
$163,210
$163K
+17.5%
2022
$180,613
$181K
+10.7%
2023
$183,834
$184K
+1.8%
2024
$195,047
$195K
+6.1%
2025
$205,370
$205K
+5.3%
2026
$227,717
$228K
+10.9%
City Comparison
Elroy vs. National Median
🏠 Elroy
$227,717
National Median
$410,000
At $227,717, homes in Elroy cost 44% below the national median of $410,000. This makes Elroy a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elroy?
20% Down Payment
$45,543
on $227,717
Monthly P&I
$1,188/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,509/mo
incl. taxes & insurance
Income Needed
$60,360
gross annual (30% rule)
10% Down Option
$22,772
+ PMI applies
Loan Amount (20% dn)
$182,174
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elroy, WI?
The median home value in Elroy is $227,717 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.9% year-over-year.
How much have home prices changed in Elroy?
Over the past year, home values in Elroy have increased by 10.9%. Over five years, prices have risen approximately 39.5%.
How much do I need to earn to buy a home in Elroy?
To comfortably afford the median home price of $227,717 with a 20% down payment ($45,543) at today's rates (6.8%), you'd need a gross annual income of approximately $60,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Elroy compare to the national average home price?
The national median home value is approximately $410,000. At $227,717, homes in Elroy are 44% below the national average.