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These days, finding an affordable place to live in the Lake Mills area can be challenging. Home prices in Lake Mills are now at a median cost of $350,115, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,177/mo in Lake Mills, primarily driven by the current value of real estate in the Lake Mills area. In Lake Mills, 27.15% of households rent, and 36.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Mills is $7,772 per month. Households that rent pay about 15.14% of their income on rent here. Lake Mills’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Milford, WI: higher priced homes
- Jefferson Junction, WI: equally priced homes
- Johnson Creek, WI: less expensive homes
- London, WI: higher priced homes
- Grellton, WI: equally priced homes
- Jefferson, WI: less expensive homes
- Waterloo, WI: less expensive homes
- Cambridge, WI: equally priced homes
- Rockdale, WI: equally priced homes
- Portland, WI: less expensive homes
Cities with Similar Populations
- Richland Center, WI: less expensive homes
- Millis, MA: higher priced homes
- Mills River, NC: higher priced homes
- Millstadt, IL: less expensive homes
- Milltown, NJ: higher priced homes
- Milton, WV: less expensive homes
- Monee, IL: equally priced homes
- Quinton, VA: higher priced homes
- Quitman, GA: less expensive homes
- Raiford, FL: less expensive homes
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