Explore homes for sale in the city of Beloit, “The Gateway to Wisconsin”. Beloit is located on the southernmost tip of the state, hugging the shores of the Rock River along with its sister city of South Beloit, Illinois. With a population of about 37,000 residents, Beloit offers an urban feel combined with the natural beauty of a rural riverside community.
Affectionately referred to as the “Gateway to Wisconsin,” Beloit is a suburban gem situated on the southern edge of the state, just a short drive from the Illinois border. Beloit is a medium-sized city with a robust economy bolstered by diverse sectors including agriculture, biotechnology, education, and manufacturing. With a rich history, beautiful parks, and a thriving downtown area, Beloit is a great place to call home. Keep reading to explore the real estate market in Beloit and find helpful info for securing the perfect home in the Beloit area.
CENTURY 21 Affiliated
120 West Grand Avenue
Beloit, WI 53511
Like many other areas, the real estate market in Beloit is currently experiencing a steady increase in home values, presenting attractive opportunities for potential homebuyers. The Beloit area stands out as a relatively affordable place to purchase a house with a median home value of about $147,000 in 2021. This is well below the Wisconsin state median home value, which was about $210,000 in 2021.
However, the median Beloit home value has quickly risen in the past few years, and is currently estimated to have reached a median price of about $175,000 for newly sold listings. This may indicate that it’s a great time to invest in a home in the Beloit area; as home values continue to rise, prospective buyers can get ahead by investing while the real estate market is still accessible.
Beloit’s housing market has benefited from a positive outlook in recent years thanks to a relatively low median home value combined with relatively high appreciation rates, indicating that Beloit real estate and housing are a safe investment. The city’s population is expected to remain stable for the next several years, which means its housing market is currently enjoying a period of low competition.
Ready to buy or sell a home in Beloit, WI?
At just an hour’s drive from Madison, WI and just under two hours from Chicago, IL, Beloit enjoys a central location that makes it a hub of economic and cultural activity. The resilient local economy is a mix of agriculture, biotechnology, education, food processing, and manufacturing, employing over 16,000 people, and higher education is supported by Beloit College, Concordia University-Beloit, and Blackhawk Technical College. One of Beloit’s most attractive aspects is its relatively low cost of living, which is about 8% below the Wisconsin average and 17% below the national average.
The Beloit area’s prominent neighborhoods include Hackett, Merrill, Gateway, Turtle Creek, North Central, and many others. Property values tend to increase as one moves farther away from the downtown area, and the neighborhoods located near and along Turtle Creek are especially popular with families. The North Central and Northeast areas of Beloit are typically the most expensive and most highly sought due to lower crime rates, easier access to amenities like local parks, and generally higher property values.
Located at the Junction of the Rocker River and Turtle Creek, Beloit offers picturesque views and plenty of opportunities for outdoor activities despite being a small urban center. Big Hill Park offers 190 scenic acres perfect for hiking, biking, and bird-watching in a wooded locale, and nature preserves like Nature At The Confluence and the Gabower-Reilly Reserve invite visitors and residents to discover the area’s natural beauty. Other popular outdoor attractions include golfing, camping at Pearl Lake Beach, and canoeing, kayaking, or swimming in the Rock River.
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Contact Information: CENTURY 21 Affiliated • Nikki Coppa • CA Department of Real Estate - CA DRE #01897784 • 7676 HAZARD CENTER DR #300, SAN DIEGO, CA 92108 • (619) 471-2000
