Market Overview
Home Prices in Rice Lake, WI
The median home value in Rice Lake, WI is $283,565 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% 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 Rice Lake are priced31% below average.
Over the past five years, Rice Lake home values have risen by approximately35.5%, reflecting strong long-term appreciation in this market.
Price History
Rice Lake Home Price Trend
2020
$176,717
$177K
—
2021
$209,332
$209K
+18.5%
2022
$236,721
$237K
+13.1%
2023
$246,012
$246K
+3.9%
2024
$257,032
$257K
+4.5%
2025
$271,105
$271K
+5.5%
2026
$283,565
$284K
+4.6%
City Comparison
Rice Lake vs. National Median
🏠 Rice Lake
$283,565
National Median
$410,000
At $283,565, homes in Rice Lake cost 31% below the national median of $410,000. This makes Rice Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Rice Lake?
20% Down Payment
$56,713
on $283,565
Monthly P&I
$1,479/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,878/mo
incl. taxes & insurance
Income Needed
$75,120
gross annual (30% rule)
10% Down Option
$28,357
+ PMI applies
Loan Amount (20% dn)
$226,852
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 Rice Lake, WI?
The median home value in Rice Lake is $283,565 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 Rice Lake?
Over the past year, home values in Rice Lake have increased by 4.6%. Over five years, prices have risen approximately 35.5%.
How much do I need to earn to buy a home in Rice Lake?
To comfortably afford the median home price of $283,565 with a 20% down payment ($56,713) at today's rates (6.8%), you'd need a gross annual income of approximately $75,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Rice Lake compare to the national average home price?
The national median home value is approximately $410,000. At $283,565, homes in Rice Lake are 31% below the national average.