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Lake Mills, WI

Full City Profile · Wisconsin · Jefferson County County

3.8 /5.0
B+ Good
6,391 Population 1,529/sq mi density
$87,039 Median Income $41,944 per capita
$282,400 Home Value $411,308 Zillow
$1,095 Median Rent 26.4% income on rent
47°F Avg Temperature 260 sunny days/yr
168 Violent Crime/100K 252 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$87,039 median income, 0.4% unemployment
A+
Affordability
4.9 / 5.0
$282,400 home value, $1,095/mo rent
F
Safety
1.0 / 5.0
168 violent crimes/100K
A+
Education
4.6 / 5.0
45.0% bachelor's degree or higher

Housing Overview

Median Home Value
$282,400
0% below
US avg: $281,900
Median Rent
$1,095/mo
6% below
US avg: $1,163/mo
Homeownership Rate
68.6%
5% above US avg (65.4%)
Total Housing Units
2,807
Median year built: 1979

Home Value by Source

Census Median
$282,400
Zillow (ZHVI)
$411,308
Median Sale Price
$415,000
Median List Price
$399,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

68.6%
Owner-Occupied
31.4%
Renter-Occupied
69%
31%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$797/mo
1 Bedroom
$872/mo
2 Bedroom
$1,097/mo
3 Bedroom
$1,405/mo
4 Bedroom
$1,572/mo
Census median rent: $1,095/mo

Market Indicators (Redfin)

Median Days on Market
37 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
21.4%
of listings with price reduction
Price Per Sq Ft
$223
Active Inventory
14
homes for sale

Affordability & Housing Stock

Rent Burden
26.4%
of renters spending 30%+ of income on housing
15% below US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
68.6%

Complete Housing Data

Home Values

Census Median Value$282,400
Zillow Home Value (ZHVI)$411,308
Median Sale Price$415,000
Median List Price$399,500
Price Per Sq Ft$223

Rent

Census Median Rent$1,095
FMR Studio$797
FMR 1-Bedroom$872
FMR 2-Bedroom$1,097
FMR 3-Bedroom$1,405
FMR 4-Bedroom$1,572

Market

Days on Market37
Sale-to-List Ratio1.0%
Price Drops21.4%
Homes Sold2
Active Inventory14
Price Per Sq Ft$223

Ownership & Stock

Owner-Occupied68.6%
Renter-Occupied31.4%
Homeownership Rate68.6%
Total Housing Units2,807
Median Year Built1979
Rent Burden26.4%