Market Overview
Home Prices in Three Lakes, WI
The median home value in Three Lakes, WI is $439,042 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Three Lakes are priced7% above average.
Over the past five years, Three Lakes home values have risen by approximately21.8%, reflecting strong long-term appreciation in this market.
Price History
Three Lakes Home Price Trend
2020
$298,342
$298K
—
2021
$360,585
$361K
+20.9%
2022
$408,366
$408K
+13.3%
2023
$419,907
$420K
+2.8%
2024
$420,809
$421K
+0.2%
2025
$418,738
$419K
-0.5%
2026
$439,042
$439K
+4.8%
City Comparison
Three Lakes vs. National Median
🏠 Three Lakes
$439,042
National Median
$410,000
At $439,042, homes in Three Lakes cost 7% above the national median of $410,000. Buyers in Three Lakes should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Three Lakes?
20% Down Payment
$87,808
on $439,042
Monthly P&I
$2,290/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,908/mo
incl. taxes & insurance
Income Needed
$116,320
gross annual (30% rule)
10% Down Option
$43,904
+ PMI applies
Loan Amount (20% dn)
$351,234
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 Three Lakes, WI?
The median home value in Three Lakes is $439,042 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Three Lakes?
Over the past year, home values in Three Lakes have increased by 4.8%. Over five years, prices have risen approximately 21.8%.
How much do I need to earn to buy a home in Three Lakes?
To comfortably afford the median home price of $439,042 with a 20% down payment ($87,808) at today's rates (6.8%), you'd need a gross annual income of approximately $116,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Three Lakes compare to the national average home price?
The national median home value is approximately $410,000. At $439,042, homes in Three Lakes are 7% above the national average.