Oconomowoc Lake, WI Real Estate

According to census data in the year 2000 there were 242 housing units in Oconomowoc Lake. This represents a 12% growth from 216 in 1990.

Of those housing units, 218 were located in either urbanized areas or urban clusters, and 24 were located in what is classified as a rural area.

Homeownership rate in Oconomowoc Lake is about 92.6%. Oconomowoc Lake's vacancy rate, including seasonal lodging, is about 16.5%. Average household size is 2.82 people.

The majority of houses, apartments or condos in Oconomowoc Lake were built after 1958.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom1.20%
Two Bedrooms7%
Three Bedrooms37.20%
Four Bedrooms31%
Five Bedrooms or more23.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.83
Median year structure was built1961
Median Value of occupied units$713,500
Median Price asked for vacant units$291,700

Rented Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1941

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan2.90%
Second Mortgage10.50%
Home Equity Loan10.50%
Simple Mortgage36.30%
Debt Free39.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.3%