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There are currently 1,661 real estate properties in Lake Tomahawk, WI, with a median automated valuation model (AVM) price of $319,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Tomahawk, WI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lake Tomahawk, WI, is $368,743.00, with the most expensive house in Lake Tomahawk, WI, topping out at $2,277,500.00 and the cheapest home in Lake Tomahawk, WI, clocking in at $38,230.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Tomahawk, WI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Tomahawk, WI, is on a rollercoaster ride. The average rent price in Lake Tomahawk, WI, is $1,563.00. Indeed, when looking to rent in Lake Tomahawk, WI, you can expect to pay as little as $940.00 or as much as $2,920.00, with the average rent median estimated to be $1,580.00. The good news is that finding an affordable and desirable property to rent in Lake Tomahawk, WI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Lake Tomahawk is located in Oneida, Wisconsin, with an estimated municipal population of 188 residents. All of the best foreclosed homes for sale in Lake Tomahawk are located in the following zip code areas on Foreclosure.com: 54539. The estimated population per square kilometer (.62 miles) in Lake Tomahawk is 47.
So, about how much do homes cost in Lake Tomahawk? The most recent median value of resident-owned homes in Lake Tomahawk is 151,400. An estimated 73.7 percent of households in Lake Tomahawk own their homes, with an average family size of 2.09. The median household income in Lake Tomahawk is 50,500, with12.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Tomahawk, the median commute time of resident workers (in minutes) is 18.3. And last, but certainly not least, are you looking for homes to rent in Lake Tomahawk? If so, the average rent price paid by renters in Lake Tomahawk is 761, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lake Tomahawk, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Lake Tomahawk is 49.8, split between 56.4 percent male versus 43.6 female. The percentage of residents who report being married in Lake Tomahawk is 54.5, with an average family size of 2.09.
The percentage of residents who report their race in Lake Tomahawk is as follows:
White | 89.9% |
Black / African American | 0% |
Asian | 0% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 6.9% |
Other | 3.2% |
Looking for family-friendly neighborhoods in and/or near Lake Tomahawk? Or maybe you are searching for 55+ active adult communities in and/or near Lake Tomahawk?
The percentage of residents who report their age in Lake Tomahawk is as follows:
Under 10 | 6.4% |
Aged 10-19 | 0% |
20s | 19.1% |
30s | 5.3% |
40s | 19.7% |
50s | 13.3% |
60s | 22.3% |
70s | 9.6% |
80+ | 4.3% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lake Tomahawk with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake Tomahawk.
How do you know that living in -- or moving to -- Lake Tomahawk is right where you need to be? Perhaps you grew up in Lake Tomahawk or already live nearby; therefore, the decision to buy a home in Lake Tomahawk is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake Tomahawk for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lake Tomahawk:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake Tomahawk.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake Tomahawk can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Tomahawk, meanwhile, can field multiple offers from more qualified buyers.
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