The typical owner-occupied home in Twin Lakes is worth about $270,700, about the same as the Wisconsin median of $266,500 and 19% below the national median of $332,700. Owners pay a median $4,459 a year in property taxes, about 1.65% of their home's value, higher than the Wisconsin rate of 1.42%. The median household earns $86,222 a year, so the median home costs 3.1 times the median income (3.4 times for Wisconsin). 78% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Twin Lakes at a glance
| Twin Lakes | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $270,700 | $266,500 | $332,700 |
| Median property tax paid per year | $4,459 | $3,792 | $3,119 |
| Property tax as a share of value | 1.65% | 1.42% | 0.94% |
| Median household income | $86,222 | $77,485 | $80,734 |
| Homes lived in by their owners | 78% | 68% | 65% |
| Owner homes with a mortgage | 71% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,617 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 19.5% | 21.0% |
| Median rent | $870 | $1,087 | $1,413 |
| Rent as a share of renters' income | 20.9% | 27.2% | 30.6% |
| Median year homes were built | 1976 | 1975 | 1980 |
| Vacant homes | 22.6% | 10.8% | 10.1% |
| Population | 6,309 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Twin Lakes
At this week's average 30-year rate of 7.11%, buying the median Twin Lakes home of $270,700 with 20% down costs about $1,942 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,393, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $83,220 for the 20%-down payment. That payment is 27% of the median Twin Lakes household income of $86,222; at that income and 20% down, the 28% guideline points to a home of about $280,000.
The median rent here is $870 a month, so owning the median home costs about $1,072 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $54,140 |
|---|---|
| Loan amount | $216,560 |
| Principal and interest | $1,457 |
| Property taxes (1.65% a year) | $372 |
| Homeowners insurance (our estimate, 0.5% a year) | $113 |
| PMI | $0 |
| Total per month | $1,942 |
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| Down payment | $9,474 |
|---|---|
| Loan amount | $265,797 |
| Principal and interest | $1,788 |
| Property taxes (1.65% a year) | $372 |
| Homeowners insurance (our estimate, 0.5% a year) | $113 |
| FHA mortgage insurance | $120 |
| Total per month | $2,393 |
Change the numbers in the calculator
Questions about home buying in Twin Lakes
What is the median home value in Twin Lakes?
About $270,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Twin Lakes?
Homeowners pay a median $4,459 a year, which is about 1.65% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Twin Lakes?
For the median home with 20% down at 7.11%, the payment is about $1,942 a month. Keeping that under 28% of gross income takes about $83,220 a year.
More about Twin Lakes
- Mortgage Refinance in Twin Lakes
- Debt Relief in Twin Lakes
- Home Equity Loans in Twin Lakes
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data