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These days, finding an affordable place to live in the Oconomowoc Lake area can be challenging. Home prices in Oconomowoc Lake are now at a median cost of $508,237, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,726/mo in Oconomowoc Lake, primarily driven by the current value of real estate in the Oconomowoc Lake area. In Oconomowoc Lake, 10.81% of households rent, and 35.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oconomowoc Lake is $12,357 per month. Households that rent pay about 13.97% of their income on rent here. Oconomowoc Lake’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Okauchee, WI: less expensive homes
- Oconomowoc, WI: less expensive homes
- Okauchee Lake, WI: less expensive homes
- Nashotah, WI: higher priced homes
- Summit Corners, WI: higher priced homes
- Lac La Belle, WI: less expensive homes
- Chenequa, WI: higher priced homes
- Delafield, WI: equally priced homes
- Mapleton, WI: less expensive homes
- Monterey, WI: less expensive homes
Cities with Similar Populations
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