Three Lakes, Wisconsin.
Typical home $440,925 (+5.4% in a year).
to buy the typical home at today's mortgage rate — +$1,260 (+119%) since Jan 2020.
- 1 year
- Up $22,757 +5%
- $418,168$440,925 since Sep 2025
- 5 years
- Up $64,879 +17%
- $376,046$440,925 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Three Lakes$2,314
- Wisconsin$1,770
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 22 years.
Typical home values in Three Lakes, WI rose 5.4% over the past year — faster than the nation's +1.2%.
Living in Three Lakes, Oneida County, Wisconsin
Three Lakes, in Oneida County, had 605 people in the 2020 census. Half its households earn more than $44,844 a year and half less, against $69,371 across Oneida County; 10% of its people live below the poverty line. 83% of its homes are lived in by their owners and 17% are rented. Unemployment in Oneida County was 3.1% in August 2026, and the county had 3.8% more jobs in 2025 than the year before. The most people in Oneida County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Three Lakes is a small community in the north woods of Wisconsin, and most households here own the homes they live in. Incomes run below the county's, and typical home values are high for a place with this much room between neighbors. Winters are long, cold and very snowy, with summers that stay mild.
Work. People who live here find work in schools, hospitals and social care, in shops, in manufacturing, and in restaurants, hotels and entertainment, and only a small number work from home. Across Oneida County, the largest workplaces include Ahlstrom Coated Products, Walmart and the Rhinelander School District. Unemployment across the county is a little higher than a year ago, though the county has added jobs over the past year.
Things to do. Water is the main draw. Eagle River, a river a short drive away, and Indian Lake and Clearwater Lake, both lakes a short drive away, are the closest places to get out on the water. For a longer outing, the Wisconsin River and the protected Headwaters Wilderness are each a longer drive away.
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- 10%below the poverty line
- 5%work from home
What people in Oneida County work in
Employed residents by industry, from the Census survey. Oneida County had 17,262 jobs in 2025, 3.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 21° and lows near 2°; warmest in July, with highs near 78° and lows near 54°. About 76 inches of snow and 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Eagle River weather station, 9 miles away (NOAA).
Largest workplaces in Oneida County
- Ahlstrom Coated ProductsGroundwood paper, coated, made from purchased paper428
- WalmartWarehouse clubs and supercenters406
- Rhinelander School DistrictSchool district385FTE
- Aspirus Rhinelander HospitalGeneral hospital329FTE
- Marshfield Medical Center-minocquaGeneral hospital272FTE
- WalmartWarehouse clubs and supercenters251
- Nicolet Area Technical CollegeTwo-year college217
- PrintpackFilm, plastics, packaging, manufacturing215
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 48 workplaces with 20 or more staff, 5,030 people in all across the county; Three Lakes has two of its own. School districts come from the Common Core of Data (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- Winter weatherRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Oneida County, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Oneida County.
Three Lakes home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Three Lakes$440,925
- Wisconsin$337,196
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Three Lakes listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Three Lakes19
New listings per month
Sellers arriving at the market.
- Three Lakes9
Zip codes with a Three Lakes address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Three Lakes — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.