Market Overview
Home Prices in Tomahawk, WI
The median home value in Tomahawk, WI is $292,888 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 5.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Tomahawk are priced29% below average. Tomahawk is part of the Wausau-Weston, WI metro area.
Over the past five years, Tomahawk home values have risen by approximately31.6%, reflecting strong long-term appreciation in this market.
Price History
Tomahawk Home Price Trend
City Comparison
Tomahawk vs. National Median
At $292,888, homes in Tomahawk cost 29% below the national median of $410,000. This makes Tomahawk a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Tomahawk?
20% Down Payment
$58,578
on $292,888
Monthly P&I
$1,528/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,941/mo
incl. taxes & insurance
Income Needed
$77,640
gross annual (30% rule)
10% Down Option
$29,289
+ PMI applies
Loan Amount (20% dn)
$234,310
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 Tomahawk, WI?
The median home value in Tomahawk is $292,888 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Tomahawk?
Over the past year, home values in Tomahawk have increased by 6.1%. Over five years, prices have risen approximately 31.6%.
How much do I need to earn to buy a home in Tomahawk?
To comfortably afford the median home price of $292,888 with a 20% down payment ($58,578) at today's rates (6.8%), you'd need a gross annual income of approximately $77,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Tomahawk compare to the national average home price?
The national median home value is approximately $410,000. At $292,888, homes in Tomahawk are 29% below the national average.
What metro area is Tomahawk part of?
Tomahawk is part of the Wausau-Weston, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.