Lake Mills, WI Real Estate

Established in 1836, Lake Mills is located on the shores of Rock Lake in northwestern Jefferson County. Growth and development are influenced by the easily accessible I-94, which connects commuters to Milwaukee and Madison. Company headquarters for businesses such as Obsession Telescopes and Ephraim Faience Pottery are located in Lake Mills. Populated by 5,246 people, Lake Mills features the preservation of a historic community that highlights extravagant historic homes and buildings throughout the area.

The Lake Mills area provides an assortment of properties for sale. The housing market includes cottages with views of Rock Lake, updated 3-bedroom cape cods, traditional salt box style homes and many more. The median sale price of a home in Lake Mills is $213,000.

Senior living centers are available in the area include: Brook Gardens, Willowbrook Nursing & Rehabilitation Center, Trinity Pines Retirement Center and Rock Lake Manor.

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The city prides itself on its history and has preserved “The Downtown Commons Park,” which hosts many annual events. The park offers seasonal events including concerts under a Victorian Gazebo, ice skating, Farmer’s Market, and many festivals. The downtown area also offers galleries, collectables stores and specialty shops. The Treasure Mill is an excellent shop for those looking for treasured antiques, or locally crafted Amish furniture. Stop in for an appetizer, fish fry, or cocktail at Miller’s Tavern.

There are many outdoor activities for the whole family to enjoy. Lake Mills provides Bartel’s Beach and Sandy Beach Park that offer swimming beaches, volleyball, boat rentals and picnicking. Glacial Drumlin Bike Trail is 47-miles of winding trail that was glacier-formed. The trail that runs from Waukesha to Cottage Grove offers a scenic route for bikers, snowmobilers and hikers.

Aztalan Cycle Park is home to an outdoor style quarter-mile bike track that is known as one of the best short tracks in the Midwest. The track provides jumps for big air that runs quads and motorcycles. With professional announcing and great concessions, this track is an action sports fan’s paradise.

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In 1066, a major drought was suffered by the Aztec Native Americans who asked their gods for help. The Native Americans constructed and used pyramids for sacrificial purposes. Rain was then granted to them and drowned the pyramids. The overwhelming rain created a gorgeous lake that the Aztecs named Tyranena (Sparking Waters). Before the Black Hawk War of 1832, Chief Black Hawk proceeded through Lake Mills. The war was last stand of Native Americans in the Northwest. The first white settlers called the lake “Rock Lake” after the war. With a saw mill and gristmill produced on the shores of the lake, Lake Mills was established 10 years before Wisconsin became a state.

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Lake Mills properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Prospect Street Elementary School (Lake Mills) Lake Mills Area School District public 671 Not Provided Prospect Street Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Lake Mills Middle School (Lake Mills) Lake Mills Area School District public 390 Not Provided Lake Mills Middle School GreatSchools Rating
St Paul Evangelical Lutheran School (Lake Mills) private 0 Not Provided St Paul Evangelical Lutheran School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Lake Mills High School (Lake Mills) Lake Mills Area School District public 414 Not Provided Lake Mills High School GreatSchools Rating
Lakeside Lutheran High School (Lake Mills) private 351 Not Provided Lakeside Lutheran High School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 8,389 76,062 5,742,119
Total Households 3,356 29,946 2,299,100
Total Families 2,336 20,346 1,469,281
Population Density 188 1,245 446,124
Percent Male 49% 49% 50%
Percent Female 51% 51% 50%
White Collar Jobs 67% 58% 56%
Blue Collar Jobs 33% 43% 44%

Top Occupations

Professions Population Employed
Healthcare 971
Sales 932
Retail 836
Manufacturing 804
Transportation 729
Information, Scientific and Technical 538
Management 529
Education 501
Construction 315
Natural Resources 304

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income with Head of House hold under age of 25

Household Income with Head of House Hold between the ages of 25 and 44

Household Income with Head of House Hold between the ages of 45 and 64

Household Income with Head of Household over the age of 65

Housing Demographics

  City County State
Total Housing Units 3,776 32,337 2,641,602
Owner Occupied Housing Units 2,235 21,265 1,547,197
Renter Occupied Housing Units 1,137 8,619 751,903
Vacant Housing Units 405 2,454 342,513
Occupancy Rate 89% 92% 87%
Vehicles Per Housing Unit 2 21 1,563

Commute Time To Work

  City County State
Less than 5 minutes 380 2,655 124,926
5 - 14 minutes 880 6,529 372,222
15 - 29 minutes 1,256 5,127 448,803
30 - 44 minutes 982 4,270 290,935
45-59 minutes 336 3,008 152,657
Over 60 minutes 255 2,032 85,668

Total Housing Units

Housing By Occupant

Commute Time To Work

Monthly Rental Rates

Monthly Mortgage Costs

Age of Homeowners

Education Attainment

  City County State
Some High School 348 4,697 347,427
High School Graduate 1,690 19,314 1,239,522
Some College 1,320 11,091 817,979
Associates Degree 723 5,604 390,482
Bachelors Degree 1,378 8,148 713,854
Graduate Degree 442 2,832 261,637

Education Attainment


Market Conditions

Market Conditions for Lake Mills

April 2019

Median Sale Price
$234,310

 DOWN -17.75%
vs. Month Ago
Homes for Sale


  %
vs. Month Ago
Homes Sold
6

 DOWN -33.33%
vs. Month Ago
Avg Days on Market
46

 DOWN -13.20%
vs. Month Ago

Median Sale Price

The median sale price for homes in April was $234,310. The median sales price for homes in April fell by ($50,590) compared to last month. This represents a 17.75% decrease from March. Compared to the same month last year, the median price of homes rose by $14,310 representing a 6.5% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

The inventory of homes for sale remained level in April to . Compared to the same month last year when there were homes for sale, the inventory of homes for sale has did not change representing a % year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The 6 homes sold in April was 3 less than in March. This represents a 33.33% decrease in sales from March. Compared to the same month last year, the number of homes sold increased by 1, a 20% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Avg Days on Market

The average days on market for a home sold in April (46) decreased by 7 days compared to March. This represents a 13.2% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 26, a 130% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

The Sale/List Price Ratio of 98.29% in April fell by 0.23% compared to March and decreased 0.38% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

The number of homes listed in April (12) rose by 1 compared to March, a 9.09% change. Compared to April 2018, the number of new listings remained level

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Homes

The median list price in April was $291,950. The median list price for homes in April rose by $12,050 compared to last month. This represents a 4.3% increase from March. Compared to the same month last year, the median list price of homes decreased ($500) representing a -0.17% year-over-year decrease.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.


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