Market Overview
Home Prices in Park Falls, WI
The median home value in Park Falls, WI is $206,318 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8% compared to a year ago and up 6.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Park Falls are priced50% below average.
Over the past five years, Park Falls home values have risen by approximately45.6%, reflecting strong long-term appreciation in this market.
Price History
Park Falls Home Price Trend
2020
$119,604
$120K
—
2021
$141,725
$142K
+18.5%
2022
$169,047
$169K
+19.3%
2023
$175,486
$175K
+3.8%
2024
$179,976
$180K
+2.6%
2025
$190,953
$191K
+6.1%
2026
$206,318
$206K
+8.0%
City Comparison
Park Falls vs. National Median
🏠 Park Falls
$206,318
National Median
$410,000
At $206,318, homes in Park Falls cost 50% below the national median of $410,000. This makes Park Falls a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Park Falls?
20% Down Payment
$41,264
on $206,318
Monthly P&I
$1,076/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,367/mo
incl. taxes & insurance
Income Needed
$54,680
gross annual (30% rule)
10% Down Option
$20,632
+ PMI applies
Loan Amount (20% dn)
$165,054
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 Park Falls, WI?
The median home value in Park Falls is $206,318 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8% year-over-year.
How much have home prices changed in Park Falls?
Over the past year, home values in Park Falls have increased by 8%. Over five years, prices have risen approximately 45.6%.
How much do I need to earn to buy a home in Park Falls?
To comfortably afford the median home price of $206,318 with a 20% down payment ($41,264) at today's rates (6.8%), you'd need a gross annual income of approximately $54,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Park Falls compare to the national average home price?
The national median home value is approximately $410,000. At $206,318, homes in Park Falls are 50% below the national average.