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 6,363 people, 2,813 houses or apartments, and a median cost of homes of $436,050, Twin Lakes real estate is some of the most expensive in Wisconsin, although Twin Lakes home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Twin Lakes, accounting for 80.41% of the village's housing units. Other types of housing that are prevalent in Twin Lakes include large apartment complexes or high rise apartments ( 10.05%), row houses and other attached homes ( 5.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Twin Lakes. Owner-occupied housing accounts for 77.43% of Twin Lakes's homes, and 61.31% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Twin 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 Twin Lakes built between 1940-1969 ( 28.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.23%). There's also some housing in Twin Lakes built before 1939 ( 11.66%).
Vacant housing appears to be an issue in Twin Lakes. Fully 24.22% of the housing stock is classified as vacant. Left unchecked, vacant Twin Lakes homes and apartments can be a drag on the real estate market, holding Twin 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.
Appreciation rates for homes in Twin Lakes have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.36%, which ranks in the top 40% nationwide. This equates to an annual average Twin Lakes house appreciation rate of 7.25%.
Appreciation rates are so strong in Twin Lakes that despite a nationwide downturn in the housing market, Twin Lakes real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Twin Lakes appreciation rates continue to be some of the highest in America, at 10.17%, which is higher than appreciation rates in 88.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Twin Lakes. Twin Lakes appreciation rates in the latest quarter were at 2.79%, which equates to an annual appreciation rate of 11.63%.
Relative to Wisconsin, our data show that Twin Lakes's latest annual appreciation rate is higher than 80% of the other cities and towns in Wisconsin.
$436,050
for Wisconsin
for nation
2,813
$1,620 / per month