The housing market in Oconomowoc Lake, WI is booming. The median value of a house in the area is $1,466,500, which is significantly higher than the US median value of $338,100. Over the past year, the appreciation rate for housing in Oconomowoc Lake has been 11.17%, much higher than the national average of 8.27%. This demonstrates that Oconomowoc Lake remains an attractive place to live and purchase property for those who can afford it.
The median home cost in Oconomowoc Lake is $1,466,500. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Oconomowoc Lake is up 15.5%.
Average Age of Homes
- The median age of Oconomowoc Lake real estate is 40 years old
The Rental Market in Oconomowoc Lake
- Renters make up 4.0% of the Oconomowoc Lake population
- 0.7% of houses and apartments in Oconomowoc Lake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.