Market Overview
Home Prices in Ellison Bay, WI
The median home value in Ellison Bay, WI is $518,621 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and up 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ellison Bay are priced26% above average.
Over the past five years, Ellison Bay home values have risen by approximately32.0%, reflecting strong long-term appreciation in this market.
Price History
Ellison Bay Home Price Trend
2020
$327,590
$328K
—
2021
$392,915
$393K
+19.9%
2022
$457,033
$457K
+16.3%
2023
$473,577
$474K
+3.6%
2024
$487,817
$488K
+3.0%
2025
$514,629
$515K
+5.5%
2026
$518,621
$519K
+0.8%
City Comparison
Ellison Bay vs. National Median
🏠 Ellison Bay
$518,621
National Median
$410,000
At $518,621, homes in Ellison Bay cost 26% above the national median of $410,000. Buyers in Ellison Bay should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ellison Bay?
20% Down Payment
$103,724
on $518,621
Monthly P&I
$2,705/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,435/mo
incl. taxes & insurance
Income Needed
$137,400
gross annual (30% rule)
10% Down Option
$51,862
+ PMI applies
Loan Amount (20% dn)
$414,897
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 Ellison Bay, WI?
The median home value in Ellison Bay is $518,621 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Ellison Bay?
Over the past year, home values in Ellison Bay have increased by 0.8%. Over five years, prices have risen approximately 32.0%.
How much do I need to earn to buy a home in Ellison Bay?
To comfortably afford the median home price of $518,621 with a 20% down payment ($103,724) at today's rates (6.8%), you'd need a gross annual income of approximately $137,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Ellison Bay compare to the national average home price?
The national median home value is approximately $410,000. At $518,621, homes in Ellison Bay are 26% above the national average.