Home prices
Oconomowoc's median home cost is $259,200. Compared to its surrounding areas it is about $313,560 (54%) lower.In comparison to the nation as a whole it is approximately $41,700 (19%) higher, and it is is very similar in comparison to the city of Chicago.
Rents
In Oconomowoc the median rent is $972 a month. This is roughly $411 (29%) lower compared to nearby areas.It is approximately $90 (8%) lower compared to the United States as a whole, and is roughly $140 (12%) lower in comparison to the city of Chicago.
Nearby places
Oconomowoc Lake
Oconomowoc Lake is Oconomowoc's neighbor to the east. Its real estate prices are substantially more expensive. The median home cost in Oconomowoc Lake is $891,700, which comes out to $632,500 (70%) higher than Oconomowoc. Rent there is a lot more expensive. The median monthly rent in Oconomowoc Lake is $1,688, which is $716 (42%) higher than Oconomowoc.
Okauchee Lake
Okauchee Lake is Oconomowoc's neighbor to the northeast. Its housing prices are somewhat more expensive. The median home in Okauchee Lake is valued at $367,200, which comes out to $108,000 (29%) higher than Oconomowoc. Its rents are somewhat less expensive. In Okauchee Lake the median rent is $890 a month, which comes out to $82 (9%) lower than Oconomowoc.
Summit
Summit is Oconomowoc's neighbor to the south. Housing prices there are a lot more expensive. The cost of the median home in Summit is $403,000, which works out to $143,800 (35%) higher than Oconomowoc. Its rents are somewhat more expensive. The median monthly rent in Summit is $1,144, which works out to $172 (15%) higher than Oconomowoc.
Lac La Belle
Lac La Belle is approximately 3 miles northwest from Oconomowoc. Its real estate prices are significantly more expensive. The median home in Lac La Belle is valued at $834,700, which is $575,500 (68%) higher than Oconomowoc. The rent there is significantly more expensive. In Lac La Belle the median rent is $2,000 a month, which comes out to $1,028 (51%) higher than Oconomowoc.
Nashotah
Nashotah is roughly 3 miles east from Oconomowoc. Real estate prices there are a bit more expensive. The median home price in Nashotah is $367,200, which works out to $108,000 (29%) higher than Oconomowoc. Rents there are a little more expensive. The median monthly rent in Nashotah is $1,193, which works out to $221 (18%) higher than Oconomowoc.
