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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Three Lakes, WI Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Three Lakes, WI Housing Market Trends

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.

Three Lakes Home Appreciation Rates

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.

Average Home Values

Median Home Value

$298,539

Three Lakes, WI Home Prices
> $1,487,000
$1,115,001 - $1,487,000
$744,001 - $1,115,000
$595,001 - $744,000
$446,001 - $595,000
$297,001 - $446,000
$149,001 - $297,000
$75,001 - $149,000
$0 - $75,000
1.9%
1.9%
1.7%
1.7%
9.2%
9.2%
6.6%
6.6%
13.0%
13.0%
27.9%
27.9%
25.6%
25.6%
8.3%
8.3%
5.9%
5.9%
0% 100.0%
% of Homes
Average

for Wisconsin

Average

for nation

Number of Homes And Apartments:

218

Three Lakes Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,218 / per month

Homeownership Rate

Owners
Renters
77.1%
77.1%
22.9%
22.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
41.2%
41.2%
58.8%
58.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.4%
12.4%
54.4%
54.4%
16.7%
16.7%
16.4%
16.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.5%
79.5%
3.8%
3.8%
9.4%
9.4%
0.0%
0.0%
7.3%
7.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.7%
2.7%
38.3%
38.3%
45.6%
45.6%
9.4%
9.4%
4.0%
4.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Three Lakes

Popular Communities Near Three Lakes, WI

Zip Codes in Three Lakes, WI