The Most Affordable Neighborhoods in Park Falls, WI by Home Value

These days, finding an affordable place to live in the Park Falls area can be challenging. Home prices in Park Falls are now at a median cost of $134,950, lower than the Wisconsin average of $280,373.

The average cost of rent is $741/mo in Park Falls, primarily driven by the current value of real estate in the Park Falls area. In Park Falls, 24.45% of households rent, and 49.46% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Park Falls is $4,978 per month. Households that rent pay about 14.88% of their income on rent here. Park Falls’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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