Tomahawk, WI—54487
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tomahawk, WI
As of Oct '25, the median home price in Tomahawk, WI is $276,000, with a year-over-year change of 3.5%. This indicates that home prices in Tomahawk, WI are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $276,000 | 3.5% |
| Single Family | $281,000 | 3.7% |
| Condos | $191,000 | 8.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $241,000 | 3.9% |
3 Bed | $328,000 | 2.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tomahawk, WI
As of July '25, Rentcast reports the average rent in Tomahawk, WI is $1,270, with a year-over-year rent change of 14.4%. Per bedroom, the median rent as of July '25 in Tomahawk, WI is 2-bedrooms: $788, 3-bedrooms: $1,750. The most common rental property sizes in Tomahawk, WI are 2-bedroom and 1-bedroom, accounting for 38.2% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $1,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $680 | $788 |
| 3 Bed Rent | $1,100 | $1,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Tomahawk, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Tomahawk, WI is 76. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $465,000 | 10.0% |
Listing Count | 78 | 15.0% |
| Listings as % of Homes | 0.4% | 15.0% |
Days on Market | 76 | -8.0% |
Demographics — Tomahawk, WI
As of the latest ACS Survey released in 2023, Tomahawk, WI has a population of 9,740, which has increased by 1.6% over the past 5 years. Tomahawk, WI is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,740 | 1.6% |
% Under 18 | 17.9% | 12.6% |
% Seniors | 25.5% | 1.6% |
% WFH | 9.8% | 197.0% |
% w/ College Degree | 22.7% | 9.1% |
As of the latest ACS Survey released in 2023, Tomahawk, WI is a predominantly white area, with 94.6% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Tomahawk, WI is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.9% of the population in Tomahawk, WI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.6% | -1.7% |
% Black | 0.5% | 150.0% |
% Hispanic | 1.5% | 25.0% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 0.9% | 0.0% |
Mortgage and Risk — Tomahawk, WI
According to HUD data as of 2023, there were 327 mortgage originations in Tomahawk, WI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Tomahawk, WI. Investor activity is low, as 4.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 327 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 4.0% |
% Second Loans | 19.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Tomahawk, WI
Tomahawk, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 126 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 12.0% |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | $270 | $680 | $950 |
| 3 Bedroom | $200 | $1,100 | $1,300 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Tomahawk, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $276,000 |
| Median Household Income | $76,700 |