Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 605 people, 218 houses or apartments, and a median cost of homes of $298,539, Three Lakes real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Three Lakes, accounting for 79.51% of the town's housing units. Other types of housing that are prevalent in Three Lakes include duplexes, homes converted to apartments or other small apartment buildings ( 9.43%), mobile homes or trailers ( 7.28%), and a few row houses and other attached homes ( 3.77%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Three Lakes. Owner-occupied housing accounts for 77.06% of Three Lakes's homes, and 54.99% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Three Lakes built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Three Lakes built between 1940-1969 ( 16.71%). A lesser amount of the housing stock also hails from before 1939 ( 16.44%). There's also some housing in Three Lakes built between 2000 and later ( 12.40%).
Vacant housing appears to be an issue in Three Lakes. Fully 41.24% of the housing stock is classified as vacant. Left unchecked, vacant Three Lakes homes and apartments can be a drag on the real estate market, holding Three Lakes real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Three Lakes's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.38% during the period.
Appreciation rates are so strong in Three Lakes that despite a nationwide downturn in the housing market, Three Lakes real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Three Lakes appreciation rates continue to be some of the highest in America, at 8.67%, which is higher than appreciation rates in 77.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Three Lakes. Three Lakes appreciation rates in the latest quarter were at 1.16%, which equates to an annual appreciation rate of 4.73%.
Relative to Wisconsin, our data show that Three Lakes's latest annual appreciation rate is higher than 60% of the other cities and towns in Wisconsin.
$298,539
for Wisconsin
for nation
218
$1,218 / per month