The Most Affordable Neighborhoods in Elkhart Lake, WI by Home Value

 

Elkhart Lake, WI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Elkhart Lake area can be challenging. Home prices in Elkhart Lake are now at a median cost of $235,330, higher than the Wisconsin average of $220,185.

The average cost of rent is $840/mo in Elkhart Lake, primarily driven by the current value of real estate in the Elkhart Lake area. While nearly 44.62% of residents own their homes outright in Elkhart Lake, 24.63% rent.

Housing affordability isn’t just about home prices, though. The average household income in Elkhart Lake is $6,639 per month. Households that rent pay about 12.65% of their income on rent here. Elkhart Lake's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.


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