Market Overview
Home Prices in Paddock Lake, WI
The median home value in Paddock Lake, WI is $329,329 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Paddock Lake are priced20% below average. Paddock Lake is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Paddock Lake home values have risen by approximately39.8%, reflecting strong long-term appreciation in this market.
Price History
Paddock Lake Home Price Trend
City Comparison
Paddock Lake vs. National Median
At $329,329, homes in Paddock Lake cost 20% below the national median of $410,000. This makes Paddock Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Paddock Lake?
20% Down Payment
$65,866
on $329,329
Monthly P&I
$1,718/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,182/mo
incl. taxes & insurance
Income Needed
$87,280
gross annual (30% rule)
10% Down Option
$32,933
+ PMI applies
Loan Amount (20% dn)
$263,463
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 Paddock Lake, WI?
The median home value in Paddock Lake is $329,329 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Paddock Lake?
Over the past year, home values in Paddock Lake have increased by 4.4%. Over five years, prices have risen approximately 39.8%.
How much do I need to earn to buy a home in Paddock Lake?
To comfortably afford the median home price of $329,329 with a 20% down payment ($65,866) at today's rates (6.8%), you'd need a gross annual income of approximately $87,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Paddock Lake compare to the national average home price?
The national median home value is approximately $410,000. At $329,329, homes in Paddock Lake are 20% below the national average.
What metro area is Paddock Lake part of?
Paddock Lake is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.