Market Overview
Home Prices in Pell Lake, WI
The median home value in Pell Lake, WI is $295,064 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 9.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pell Lake are priced28% below average. Pell Lake is part of the Whitewater, WI metro area.
Over the past five years, Pell Lake home values have risen by approximately40.4%, reflecting strong long-term appreciation in this market.
Price History
Pell Lake Home Price Trend
City Comparison
Pell Lake vs. National Median
At $295,064, homes in Pell Lake cost 28% below the national median of $410,000. This makes Pell Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pell Lake?
20% Down Payment
$59,013
on $295,064
Monthly P&I
$1,539/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,955/mo
incl. taxes & insurance
Income Needed
$78,200
gross annual (30% rule)
10% Down Option
$29,506
+ PMI applies
Loan Amount (20% dn)
$236,051
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 Pell Lake, WI?
The median home value in Pell Lake is $295,064 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Pell Lake?
Over the past year, home values in Pell Lake have increased by 4.6%. Over five years, prices have risen approximately 40.4%.
How much do I need to earn to buy a home in Pell Lake?
To comfortably afford the median home price of $295,064 with a 20% down payment ($59,013) at today's rates (6.8%), you'd need a gross annual income of approximately $78,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Pell Lake compare to the national average home price?
The national median home value is approximately $410,000. At $295,064, homes in Pell Lake are 28% below the national average.
What metro area is Pell Lake part of?
Pell Lake is part of the Whitewater, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.