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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.



Tomahawk, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (latest available). Updated annually.

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

Tomahawk, WI Housing Market Trends

With 3,385 people, 1,441 houses or apartments, and a median cost of homes of $214,660, house prices in Tomahawk are solidly below the national average.

Single-family detached homes are the single most common housing type in Tomahawk, accounting for 73.75% of the city's housing units. Other types of housing that are prevalent in Tomahawk include duplexes, homes converted to apartments or other small apartment buildings ( 9.65%), large apartment complexes or high rise apartments ( 8.77%), and a few mobile homes or trailers ( 4.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tomahawk. Owner-occupied housing accounts for 66.01% of Tomahawk's homes, and 52.09% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Tomahawk's housing was primarily built during this period, from the '40s through the '60s. A full 42.38% of the city's housing hails from this era. Other housing ages represented in Tomahawk include homes built between 1970-1999 ( 31.02%) and housing constructed before 1939 ( 15.77%). There's also some housing in Tomahawk built between 2000 and later ( 10.83%).

Vacant housing appears to be an issue in Tomahawk. Fully 15.19% of the housing stock is classified as vacant. Left unchecked, vacant Tomahawk homes and apartments can be a drag on the real estate market, holding Tomahawk 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.

Tomahawk Home Appreciation Rates

Real estate appreciation rates in Tomahawk's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.47% during the period.

NeighborhoodScout's data show that during the latest twelve months, Tomahawk's appreciation rate, at 7.48%, has been at or slightly above the national average. In the latest quarter, Tomahawk's appreciation rate has been 2.88%, which annualizes to a rate of 12.04%.

Importantly, this makes Tomahawk 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 Tomahawk's latest annual appreciation rate is lower than 80% 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 Tomahawk differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tomahawk - 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 Tomahawk real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$214,660

Tomahawk, WI Home Prices
> $1,311,000
$983,001 - $1,311,000
$656,001 - $983,000
$525,001 - $656,000
$393,001 - $525,000
$262,001 - $393,000
$131,001 - $262,000
$65,001 - $131,000
$0 - $65,000
2.3%
2.3%
0.8%
0.8%
1.8%
1.8%
5.0%
5.0%
7.5%
7.5%
20.2%
20.2%
40.2%
40.2%
16.9%
16.9%
5.2%
5.2%
0% 100.0%
% of Homes
Very Low

for Wisconsin

Low

for nation

Number of Homes And Apartments:

1,441

Tomahawk Appreciation Rates

Rent & Ownership

Average Market Rent:

$968 / per month

Homeownership Rate

Owners
Renters
66.0%
66.0%
34.0%
34.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.2%
15.2%
84.8%
84.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.8%
10.8%
31.0%
31.0%
42.4%
42.4%
15.8%
15.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.7%
73.7%
3.5%
3.5%
9.7%
9.7%
8.8%
8.8%
4.3%
4.3%
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
0.0%
0.0%
10.5%
10.5%
33.8%
33.8%
37.4%
37.4%
14.7%
14.7%
3.5%
3.5%
0% 100.0%
% of Homes

Popular Communities Near Tomahawk, WI

Zip Codes in Tomahawk, WI