Armenia, WI housing market
Home prices around Armenia have risen about 76% over the past 5 years. Builders were permitted 15 new homes in 2025.
Home values, sales, trends and how Armenia compares with the towns next door — updated as new data is published.
Home prices up 76% in 5 years
The federal house price index for the ZIP codes around Armenia rose 76% over the past 5 years, faster than across Wisconsin (57%). Last year prices fell 2.1%.
Show as a table
| Year | Change that year | Since 2000 | Wisconsin since 2000 |
|---|---|---|---|
| 2025 | −2.1% | +173% | +143% |
| 2024 | +17% | +179% | +131% |
| 2023 | +13% | +139% | +116% |
| 2022 | +20% | +112% | +95% |
| 2021 | +13% | +77% | +70% |
| 2020 | +6.2% | +56% | +54% |
| 2019 | +3.6% | +47% | +50% |
| 2018 | +4.6% | +41% | +43% |
| 2017 | +4.2% | +35% | +36% |
| 2016 | +2.4% | +30% | +29% |
| 2015 | +4.6% | +27% | +24% |
| 2014 | −3.7% | +21% | +21% |
| 2013 | −0.3% | +26% | +19% |
| 2012 | −6.6% | +26% | +19% |
| 2011 | −1.3% | +35% | +21% |
| 2010 | −3.7% | +37% | +25% |
| 2009 | −4.2% | +42% | +31% |
| 2008 | −0.7% | +48% | +36% |
| 2007 | +2.9% | +49% | +38% |
| 2006 | +9.1% | +45% | +36% |
| 2005 | +9.9% | +33% | +32% |
| 2004 | +6.6% | +21% | +21% |
| 2003 | +4.7% | +14% | +13% |
| 2002 | +0.5% | +8.4% | +9.3% |
| 2001 | +7.9% | +7.9% | +5.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 54646, 54457, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
15 new homes permitted in 2025
Builders were permitted 15 new homes in Armenia in 2025, all single-family houses, worth about $4.8 million to build. Over the past 10 years, Armenia has permitted 119 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Armenia gained 6 residents while 80 new homes were permitted: about 0.1 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. 45% of Armenia's homes are seasonal or vacation homes, which adds housing without adding residents. Across Wisconsin: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 12 | 12 | 0 | $3.8 million |
| 2025 | 15 | 15 | 0 | $4.8 million |
| 2024 | 18 | 18 | 0 | $5.5 million |
| 2023 | 8 | 8 | 0 | $2.7 million |
| 2022 | 18 | 18 | 0 | $6.6 million |
| 2021 | 16 | 16 | 0 | $5 million |
| 2020 | 11 | 11 | 0 | $2.6 million |
| 2019 | 5 | 5 | 0 | $1.1 million |
| 2018 | 12 | 12 | 0 | $3.7 million |
| 2017 | 9 | 9 | 0 | $1.9 million |
| 2016 | 7 | 7 | 0 | $1 million |
| 2015 | 8 | 8 | 0 | $775,000 |
| 2014 | 10 | 10 | 0 | $3.5 million |
| 2013 | 11 | 11 | 0 | $1.6 million |
| 2012 | 6 | 6 | 0 | $857,000 |
| 2011 | 9 | 9 | 0 | $877,000 |
| 2010 | 3 | 3 | 0 | $2.4 million |
| 2009 | 11 | 11 | 0 | $1.4 million |
| 2008 | 10 | 10 | 0 | $1.2 million |
| 2007 | 30 | 30 | 0 | $3.1 million |
| 2006 | 13 | 13 | 0 | $1.9 million |
| 2005 | 30 | 30 | 0 | $7.4 million |
| 2004 | 27 | 27 | 0 | $4.8 million |
| 2003 | 15 | 15 | 0 | $2.3 million |
| 2002 | 8 | 8 | 0 | $1.1 million |
| 2001 | 15 | 15 | 0 | $911,000 |
| 2000 | 2 | 2 | 0 | $225,000 |
Armenia's permit office reported 8 of 12 months in 2025; the Census estimated the rest.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Armenia and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Armenia | — | −2.1%† | $970 | 15 | $66,176 |
| Rome | — | +8.3%† | $970 | 49 | $79,728 |
| Necedah | $234K | +7.5% | $970 | 17 | $57,778 |
| Port Edwards | $204K | +3.6% | $970 | 3 | $81,103 |
| Finley | — | −12.3%† | $970 | 2 | $48,500 |
| Saratoga | — | +6.4%† | $1,040 | 16 | $74,499 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Armenia is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Armenia pay a median of $933.
Studio $730 · 4 bedrooms $1,290
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (54457, 54646; Adams County, WI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.