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Affordable
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These days, finding an affordable place to live in the Paddock Lake area can be challenging. Home prices in Paddock Lake are now at a median cost of $256,930, lower than the Wisconsin average of $280,373.
The average cost of rent is $1,292/mo in Paddock Lake, primarily driven by the current value of real estate in the Paddock Lake area. In Paddock Lake, 16.09% of households rent, and 27.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Paddock Lake is $7,295 per month. Households that rent pay about 17.70% of their income on rent here. Paddock Lake’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Salem, WI: higher priced homes
- Silver Lake, WI: higher priced homes
- Bristol, WI: higher priced homes
- Trevor, WI: higher priced homes
- Benet Lake, WI: higher priced homes
- Lake Shangrila, WI: higher priced homes
- Wheatland, WI: higher priced homes
- Wilmot, WI: higher priced homes
- New Munster, WI: higher priced homes
- Channel Lake, IL: less expensive homes
Cities with Similar Populations
- Nisswa, MN: higher priced homes
- Silver Lake, KS: equally priced homes
- Union, WA: higher priced homes
- Gillett, WI: less expensive homes
- Wells, MN: less expensive homes
- Edgerton, OH: less expensive homes
- East Sparta, OH: less expensive homes
- Clayton, NM: less expensive homes
- Candor, NY: less expensive homes
- Brimley, MI: less expensive homes
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