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These days, finding an affordable place to live in the Rice Lake area can be challenging. Home prices in Rice Lake are now at a median cost of $221,935, lower than the Wisconsin average of $280,373.
The average cost of rent is $914/mo in Rice Lake, primarily driven by the current value of real estate in the Rice Lake area. In Rice Lake, 31.96% of households rent, and 44.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rice Lake is $5,414 per month. Households that rent pay about 16.88% of their income on rent here. Rice Lake’s most expensive areas are in the northeastern 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
- Cameron, WI: equally priced homes
- Brill, WI: less expensive homes
- Haugen, WI: equally priced homes
- Canton, WI: higher priced homes
- Mikana, WI: higher priced homes
- Barron, WI: less expensive homes
- Poskin, WI: equally priced homes
- Birchwood, WI: higher priced homes
- Chetek, WI: equally priced homes
- Cumberland, WI: equally priced homes
Cities with Similar Populations
- Ville Platte, LA: less expensive homes
- Belchertown, MA: higher priced homes
- Benson, NC: equally priced homes
- Benton, KY: less expensive homes
- Blountville, TN: higher priced homes
- Bolivar, MO: equally priced homes
- Boone, IA: equally priced homes
- Booneville, MS: less expensive homes
- Boonsboro, MD: higher priced homes
- Boonton, NJ: higher priced homes
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