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Affordable
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These days, finding an affordable place to live in the Lake Tomahawk area can be challenging. Home prices in Lake Tomahawk are now at a median cost of $260,894, lower than the Wisconsin average of $280,373.
The average cost of rent is $882/mo in Lake Tomahawk, primarily driven by the current value of real estate in the Lake Tomahawk area. In Lake Tomahawk, 6.45% of households rent, and 43.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Tomahawk is $6,277 per month. Households that rent pay about 14.05% of their income on rent here. Lake Tomahawk’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
- Mc Naughton, WI: equally priced homes
- Hazelhurst, WI: higher priced homes
- St. Germain, WI: higher priced homes
- Harshaw, WI: equally priced homes
- Newbold, WI: equally priced homes
- Woodruff, WI: equally priced homes
- Minocqua, WI: higher priced homes
- Arbor Vitae, WI: higher priced homes
- Sugar Camp, WI: equally priced homes
- Sayner, WI: higher priced homes
Cities with Similar Populations
- Sutton, NE: less expensive homes
- Cushing, TX: less expensive homes
- Damon, TX: equally priced homes
- Dunnsville, VA: equally priced homes
- Flinn Springs, CA: higher priced homes
- Hackensack, MN: higher priced homes
- Hanscom Afb, MA: higher priced homes
- Hazleton, IA: less expensive homes
- Marcola, OR: higher priced homes
- Stephenson, MI: less expensive homes
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