Market Overview
Home Prices in Lake Nebagamon, WI
The median home value in Lake Nebagamon, WI is $354,089 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Nebagamon are priced14% below average. Lake Nebagamon is part of the Duluth, MN-WI metro area.
Over the past five years, Lake Nebagamon home values have risen by approximately27.8%, reflecting strong long-term appreciation in this market.
Price History
Lake Nebagamon Home Price Trend
City Comparison
Lake Nebagamon vs. National Median
At $354,089, homes in Lake Nebagamon cost 14% below the national median of $410,000. This makes Lake Nebagamon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lake Nebagamon?
20% Down Payment
$70,818
on $354,089
Monthly P&I
$1,847/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,346/mo
incl. taxes & insurance
Income Needed
$93,840
gross annual (30% rule)
10% Down Option
$35,409
+ PMI applies
Loan Amount (20% dn)
$283,271
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 Lake Nebagamon, WI?
The median home value in Lake Nebagamon is $354,089 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in Lake Nebagamon?
Over the past year, home values in Lake Nebagamon have increased by 5.6%. Over five years, prices have risen approximately 27.8%.
How much do I need to earn to buy a home in Lake Nebagamon?
To comfortably afford the median home price of $354,089 with a 20% down payment ($70,818) at today's rates (6.8%), you'd need a gross annual income of approximately $93,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Nebagamon compare to the national average home price?
The national median home value is approximately $410,000. At $354,089, homes in Lake Nebagamon are 14% below the national average.
What metro area is Lake Nebagamon part of?
Lake Nebagamon is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.