The typical owner-occupied home in Lake Geneva is worth about $343,800, 29% above the Wisconsin median of $266,500 and 3% above the national median of $332,700. Owners pay a median $4,313 a year in property taxes, about 1.25% of their home's value, lower than the Wisconsin rate of 1.42%. The median household earns $75,629 a year, so the median home costs 4.5 times the median income (3.4 times for Wisconsin). 55% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Lake Geneva at a glance
| Lake Geneva | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $343,800 | $266,500 | $332,700 |
| Median property tax paid per year | $4,313 | $3,792 | $3,119 |
| Property tax as a share of value | 1.25% | 1.42% | 0.94% |
| Median household income | $75,629 | $77,485 | $80,734 |
| Homes lived in by their owners | 55% | 68% | 65% |
| Owner homes with a mortgage | 64% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,690 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 19.5% | 21.0% |
| Median rent | $1,389 | $1,087 | $1,413 |
| Rent as a share of renters' income | 28.6% | 27.2% | 30.6% |
| Median year homes were built | 1978 | 1975 | 1980 |
| Vacant homes | 18.3% | 10.8% | 10.1% |
| Population | 8,521 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Lake Geneva
At this week's average 30-year rate of 7.11%, buying the median Lake Geneva home of $343,800 with 20% down costs about $2,352 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,924, 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 $100,782 for the 20%-down payment. That payment is 37% of the median Lake Geneva household income of $75,629; at that income and 20% down, the 28% guideline points to a home of about $258,000.
The median rent here is $1,389 a month, so owning the median home costs about $963 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $68,760 |
|---|---|
| Loan amount | $275,040 |
| Principal and interest | $1,850 |
| Property taxes (1.25% a year) | $358 |
| Homeowners insurance (our estimate, 0.5% a year) | $143 |
| PMI | $0 |
| Total per month | $2,352 |
Change the numbers in the calculator
| Down payment | $12,033 |
|---|---|
| Loan amount | $337,573 |
| Principal and interest | $2,271 |
| Property taxes (1.25% a year) | $358 |
| Homeowners insurance (our estimate, 0.5% a year) | $143 |
| FHA mortgage insurance | $152 |
| Total per month | $2,924 |
Change the numbers in the calculator
Questions about home buying in Lake Geneva
What is the median home value in Lake Geneva?
About $343,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lake Geneva?
Homeowners pay a median $4,313 a year, which is about 1.25% 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 Lake Geneva?
For the median home with 20% down at 7.11%, the payment is about $2,352 a month. Keeping that under 28% of gross income takes about $100,782 a year.
More about Lake Geneva
- Mortgage Refinance in Lake Geneva
- Debt Relief in Lake Geneva
- Home Equity Loans in Lake Geneva
- 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