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Lake Lorraine

Learn about the people, housing, costs and businesses in Lake Lorraine, Wisconsin

Median Home$340,500
Median Rent$795/month
Population303
Leading IndustriesManufacturing · Transportation · Wholesale Trade3% manufacturing
Home Value Growth⬆⬆⬆+28.1% over 2 years
Young Adults23% of residents
Homeowners88% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableTransit82/100 · excellent transit access
Lake Lorraine
WI

Frequently Asked Questions

What are today's mortgage rates in Lake Lorraine?

As of today, the 30-year fixed mortgage rate for Lake Lorraine is approximately 6.859% (6.894% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Lorraine?

The median home value in Lake Lorraine is $341k. The median monthly rent is $795. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Lorraine?

Home values in Lake Lorraine have increased 28.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Lorraine?

Based on a typical all-in ownership cost of $1,474/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Lorraine is $93k/year.

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What industries drive the economy in Lake Lorraine?

The largest employment sectors in Lake Lorraine are public administration (19%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.