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Rice Lake city, WI

ZIP 54868 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 54868

Median Home Value
$199,300
Median Rent
$701
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,280/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

23.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 54868 in Rice Lake city, WI, a household would need roughly $55,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,280. That sits below the local median household income ($64,567), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
70.3%+8% vs US avg
x
Vacancy Rate
10.7%+4% vs US avg
x
Broadband Access
83.2%-4% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
3.9%-70% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
13.6%-73% vs US avg
x
Mortgage-Free
47.7%+25% vs US avg
x
$199,300
Home Value
$701
Rent
1976
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.5%
  • 1-unit attached2.3%
  • 2-9 units10.9%
  • 10+ units9.1%
  • Mobile home & other4.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$199,300
Median rent$701
Owner-occupied70.3%
Vacant10.7%
Price-to-income3.1x
Est. income to buy$55,000