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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lake Geneva, WI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lake Geneva, WI Housing Market Trends

With 8,544 people, 4,073 houses or apartments, and a median cost of homes of $391,400, Lake Geneva real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lake Geneva, accounting for 51.53% of the city's housing units. Other types of housing that are prevalent in Lake Geneva include large apartment complexes or high rise apartments ( 29.25%), duplexes, homes converted to apartments or other small apartment buildings ( 12.56%), and a few row houses and other attached homes ( 6.66%).

People in Lake Geneva primarily live in small (one, two or no bedroom) single-family detached homes. Lake Geneva has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Lake Geneva built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lake Geneva built between 1940-1969 ( 22.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.65%). There's also some housing in Lake Geneva built before 1939 ( 16.72%).

Vacant housing appears to be an issue in Lake Geneva. Fully 19.71% of the housing stock is classified as vacant. Left unchecked, vacant Lake Geneva homes and apartments can be a drag on the real estate market, holding Lake Geneva real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lake Geneva Home Appreciation Rates

Appreciation rates for homes in Lake Geneva have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.97%, which ranks in the top 30% nationwide. This equates to an annual average Lake Geneva house appreciation rate of 7.34%.

Appreciation rates are so strong in Lake Geneva that despite a nationwide downturn in the housing market, Lake Geneva real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lake Geneva appreciation rates continue to be some of the highest in America, at 7.75%, which is higher than appreciation rates in 82.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lake Geneva. Lake Geneva appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.

Importantly, this makes Lake Geneva one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Wisconsin, our data show that Lake Geneva's latest annual appreciation rate is lower than 50% of the other cities and towns in Wisconsin.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lake Geneva differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake Geneva - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lake Geneva real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$391,400

Lake Geneva, WI Home Prices
> $1,393,000
$1,045,001 - $1,393,000
$697,001 - $1,045,000
$557,001 - $697,000
$418,001 - $557,000
$279,001 - $418,000
$139,001 - $279,000
$69,001 - $139,000
$0 - $69,000
1.3%
1.3%
1.3%
1.3%
7.8%
7.8%
10.3%
10.3%
24.1%
24.1%
31.3%
31.3%
14.7%
14.7%
8.5%
8.5%
0.6%
0.6%
0% 100.0%
% of Homes
Very High

for Wisconsin

High

for nation

Number of Homes And Apartments:

4,073

Lake Geneva Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,631 / per month

Homeownership Rate

Owners
Renters
51.1%
51.1%
48.9%
48.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
19.7%
19.7%
80.3%
80.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.6%
18.6%
42.4%
42.4%
22.3%
22.3%
16.7%
16.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.5%
51.5%
6.7%
6.7%
12.6%
12.6%
29.3%
29.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.3%
2.3%
12.1%
12.1%
36.1%
36.1%
32.5%
32.5%
13.5%
13.5%
3.6%
3.6%
0% 100.0%
% of Homes