Market Overview
Home Prices in Elkhart Lake, WI
The median home value in Elkhart Lake, WI is $469,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and up 9.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elkhart Lake are priced15% above average. Elkhart Lake is part of the Sheboygan, WI metro area.
Over the past five years, Elkhart Lake home values have risen by approximately40.8%, reflecting strong long-term appreciation in this market.
Price History
Elkhart Lake Home Price Trend
City Comparison
Elkhart Lake vs. National Median
At $469,729, homes in Elkhart Lake cost 15% above the national median of $410,000. Buyers in Elkhart Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Elkhart Lake?
20% Down Payment
$93,946
on $469,729
Monthly P&I
$2,450/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,112/mo
incl. taxes & insurance
Income Needed
$124,480
gross annual (30% rule)
10% Down Option
$46,973
+ PMI applies
Loan Amount (20% dn)
$375,783
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elkhart Lake, WI?
The median home value in Elkhart Lake is $469,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in Elkhart Lake?
Over the past year, home values in Elkhart Lake have increased by 6.5%. Over five years, prices have risen approximately 40.8%.
How much do I need to earn to buy a home in Elkhart Lake?
To comfortably afford the median home price of $469,729 with a 20% down payment ($93,946) at today's rates (6.8%), you'd need a gross annual income of approximately $124,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Elkhart Lake compare to the national average home price?
The national median home value is approximately $410,000. At $469,729, homes in Elkhart Lake are 15% above the national average.
What metro area is Elkhart Lake part of?
Elkhart Lake is part of the Sheboygan, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.