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Lake Tomahawk

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

Median Home$304,469
Median Rent$871/month
Population228
Leading IndustriesWholesale Trade · Education14% wholesale trade
Home Value Growth⬆⬆+13.2% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners89% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableVeteran Community9% of residents · top 22% nationally
Lake Tomahawk
WI

Frequently Asked Questions

What are today's mortgage rates in Lake Tomahawk?

As of today, the 30-year fixed mortgage rate for Lake Tomahawk is approximately 6.889% (6.925% 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 Tomahawk?

The median home value in Lake Tomahawk is $304k. The median monthly rent is $871. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Tomahawk?

Home values in Lake Tomahawk have increased 13.2% 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 Tomahawk?

Based on a typical all-in ownership cost of $874/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Tomahawk is $79k/year.

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What industries drive the economy in Lake Tomahawk?

The largest employment sectors in Lake Tomahawk are public administration (21%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.