In Rice Lake, a typical home is worth $193,800 and typical rent is $856 a month. Compared with all of Barron County, typical household income is 20% lower, the typical home value is 11% lower, and the share of households that own their home is 22 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $213,224 to $277,824.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Rice Lake is in Barron County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Barron County. See the county
What this place has that others do not, from public data, most unusual first.
1
55% of households in Rice Lake own their home, against 77% in Barron County.
2
Rice Lake has the 6th lowest typical household income of the 156 cities in Wisconsin with more than 5,000 people ($52,417).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Rice Lake
What homes there are in Rice Lake, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Rice Lake
Barron County
Wisconsin
United States
Kind of home: Rice Lake and its comparisons
Measure
Rice Lake
Barron County
Wisconsin
United States
Detached house
58%
80%
66%
61%
Attached house
5%
3%
4%
6%
Building of 2 to 4
14%
6%
9%
8%
Apartments (5 or more)
22%
7%
17%
19%
Mobile home
Unreliable estimate
5%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Rice Lake, but it weighs less than in Barron County: 58% against 80%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Rice Lake
Barron County
Wisconsin
United States
Year built: Rice Lake and its comparisons
Measure
Rice Lake
Barron County
Wisconsin
United States
Before 1960
35%
31%
33%
26%
1960–1979
26%
25%
24%
24%
1980–1999
18%
24%
22%
25%
2000–2009
11%
13%
13%
14%
2010 or later
10%
7%
9%
11%
In Rice Lake, half of the homes were built before 1974; in Barron County, before 1977.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K11%
$100K–$200K42%
$200K–$300K28%
$300K–$500K16%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Rice Lake and its comparisons
Measure
Rice Lake
Under $100K
11%
$100K–$200K
42%
$200K–$300K
28%
$300K–$500K
16%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
With an FHA limit of $541,287, at least 97% of owner-occupied homes in Rice Lake sit below it: they are worth less than $500,000.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50015%
$500–$99954%
$1,000–$1,49924%
HUD fair market rent, 2 bedrooms: $1,027
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Rice Lake and its comparisons
Measure
Rice Lake
Under $500
15%
$500–$999
54%
$1,000–$1,499
24%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
About 70% of rented homes in Rice Lake cost less than HUD's 2-bedroom fair market rent for Barron County ($1,027).
With a mortgage
$1,325 a month
Barron County: $1,457 a month
Without a mortgage
$618 a month
Barron County: $586 a month
Owners with a mortgage
58%
Barron County: 53%
The typical cost for an owner with a mortgage in Rice Lake is $1,325 a month, less than in Barron County ($1,457); without one, $618.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Rice Lake+49%
Barron County+41%
Wisconsin+48%
United States+53%
Typical rent
Rice Lake+20%
Barron County+25%
Wisconsin+27%
United States+33%
Typical household income
Rice LakeNo clear change
Barron County+25%
Wisconsin+26%
United States+29%
Change since 2015–2019: Rice Lake and its comparisons
Measure
Rice Lake
Barron County
Wisconsin
United States
Typical home value
+49%
+41%
+48%
+53%
Typical rent
+20%
+25%
+27%
+33%
Typical household income
No clear change
+25%
+26%
+29%
From 2015–2019 to 2020–2024, the typical home value in Rice Lake rose 49%; in Barron County, it rose 41%.
Since 2015–2019, the typical rent in Rice Lake rose 20%, less than in Barron County (25%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Rice Lake and its comparisons
Measure
Rice Lake
Barron County
Wisconsin
United States
Rental vacancy
Unreliable estimate
3.7%
4.5%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.5%
0.9%
More than one person per room
Unreliable estimate
1.8%
1.7%
3.4%
People per household
2.19
2.31
2.33
2.53
Drive alone
82%
75%
74%
69%
Carpool
11%
12%
7%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
3%
3%
3%
Work from home
6%
9%
13%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
Households in Rice Lake are smaller: 2.19 people on average; in Barron County, 2.31.
In Rice Lake, 82% of workers drive alone to work; in Barron County, 75%.
Do the math
What would you pay each month for a home in Rice Lake?
A typical home costs more than the typical income allows
We start with a typical home in Rice Lake, worth $193,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in Rice Lake, which is $52,417 a year. For that payment to be 28% of income, a household would need to earn about $73,801 a year.
The calculator's FHA and conventional loan limits are those of all of Barron County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Rice Lake. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,783 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,722
at 7.18% · 30 years
Loan amount
$190,290
Total interest
$273,782
Paid off in
November 2056
Includes $3,273 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,223 a month
Tight
$1,223 to $1,573 a month
Hard
more than $1,573 a month
Your payment · 39%
Compared with the typical household income in Rice Lake ($52,417 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,289
Property tax
$267
Home insurance
$81
FHA mortgage insurance (MIP)
$86
You need at least $6,783 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,722; principal and interest $1,289.
The city and its county
Rice Lake and Barron County
Rice Lake is in Barron County, Wisconsin. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Rice Lake
Map of Barron County, Wisconsin, with Rice Lake marked. Around it, the neighboring counties.
Rice Lake
Barron County
Rice Lake's own numbers
Typical home value
$193,800
Typical monthly rent
$856
Typical yearly household income
$52,417
Households that own their home
55%
Effective property tax rate
1.65%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Barron County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,027
Price change over 5 years (FHFA)
+62%
Homes in a high flood-risk zone
0.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Barron County.
A typical home in Rice Lake is worth $193,800: 11% below the county and 27% below Wisconsin. With the typical household income in Rice Lake ($52,417 a year), a typical home costs 3.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Rice Lake3.7 years
Barron3.3 years
Wisconsin3.4 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Barron County
According to FHFA’s house price index, home prices in Barron County rose 101% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Barron County.
Yearly change in FHFA’s price index in Barron County, 2016 to 2025
2016: +4.3% +4.3% 2016
2017: +3.3% +3.3% 2017
2018: +7.0% +7.0% 2018
2019: +3.6% +3.6% 2019
2020: +3.9% +3.9% 2020
2021: +13.9% +13.9% 2021
2022: +16.6% +16.6% 2022
2023: +5.1% +5.1% 2023
2024: +10.0% +10.0% 2024
2025: +5.3% +5.3% 2025
Change in FHFA’s price index in Barron County, Wisconsin and the United States
Period
County
Wisconsin
U.S.
Last year (2025)
+5.3%
+5.4%
+2.9%
5 years (2020–2025)
+62%
+57%
+47%
10 years (2015–2025)
+101%
+96%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Rice Lake next to Barron County, Wisconsin and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Rice Lake$193,800
Barron$216,600
Wisconsin$266,500
United States$332,700
Typical monthly rent
Rice Lake$856
Barron$879
Wisconsin$1,087
United States$1,413
Typical yearly household income
Rice Lake$52,417
Barron$65,933
Wisconsin$77,485
United States$80,734
See the full table
Rice Lake next to Barron County and Wisconsin
Measure
Rice Lake
Barron County
Wisconsin
U.S.
Typical home value
$193,800 ▼11% below the county
$216,600
$266,500
$332,700
Typical monthly rent
$856 ▼3% below the county
$879
$1,087
$1,413
Typical yearly household income
$52,417 ▼20% below the county
$65,933
$77,485
$80,734
Households that own their home
55% ▼22 points below the county
77%
68%
65%
Typical yearly property tax
$3,200 ▲13% above the county
$2,843
$3,792
$3,119
Effective property tax rate
1.65% ▲0.34 points above the county
1.31%
1.42%
0.94%
Renters with high rent for their income
49% ▲4 points above the county
45%
44%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Barron County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Rice Lake
For a typical $193,800 home in Rice Lake, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Rice Lake's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,722a month
Least cash to close
Down payment
$6,783
Cash to close
$12,597
Rate
7.18%
Mortgage insurance
FHA MIP · $86
Conventional, 5% down$1,687a month
Down payment
$9,690
Cash to close
$15,504
Rate
7.18%
Mortgage insurance
PMI · $92
Conventional, 20% down, no PMI$1,398a month
Down payment
$38,760
Cash to close
$44,574
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,577a month
Down payment
$29,070
Cash to close
$34,884
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Rice Lake
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,722
$6,783
$190,290
7.18%
FHA MIP · $86
$12,597
580
Conventional, 5% down
$1,687
$9,690
$184,110
7.18%
PMI · $92
$15,504
620*
Conventional, 20% down, no PMI
$1,398
$38,760
$155,040
7.18%
None
$44,574
620*
ITIN, 15% down (example)
$1,577
$29,070
$164,730
8.18%
None
$34,884
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Rice Lake is $856 a month: 3% below the county. In Rice Lake, 49% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Barron County, by unit size. To pay the 2-bedroom one ($1,027 a month) without spending more than 30% of your income, you would need to earn $19.75 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Barron County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$747
$14.37
$29,880
1 bedroom
$785
$15.10
$31,400
2 bedrooms
$1,027
$19.75
$41,080
3 bedrooms
$1,324
$25.46
$52,960
4 bedrooms
$1,700
$32.69
$68,000
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Rice Lake
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Rice Lake is in ZIP code 54868.
For 2 bedrooms it is $1,010: $17 less than the fair market rent for Barron County ($1,027).
Fair market rent by ZIP code and size in Rice Lake, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
54868
$740
$780
$1,010
$1,320
$1,690
ZIP code2 bd3 bd
54868 $1,010$1,320
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Rice Lake when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 10 buildings with rents for lower incomes in Rice Lake. These are the largest.
Riverside Arms423 Hatten Ave, Rice Lake 54868129 homes, 126 low-income · Run by Rice Lake Housing Authority · Average payment: $392 a month · Average wait: 4 months(715) 234-3721
Red Cedar Village23 E Eau Claire St, Rice Lake 5486860 low-income homes · For older adults(715) 234-3721
Woodland Village Apts1300 N Wisconsin Ave, Rice Lake 5486828 low-income homes · 1 bd: 16 · 2 bd: 12 · In service since 1992
Camelot Village3000 Galahad Ln, Rice Lake 5486824 low-income homes · 1 bd: 4 · 2 bd: 12 · 3 bd: 8 · In service since 1995
Whitetail Cottages911 Whitetail St, Rice Lake 5486824 low-income homes · 1 bd: 4 · 2 bd: 12 · 3 bd: 8 · In service since 2001
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Barron County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Rice Lake or Barron County. The ones below are statewide in Wisconsin: they work in Rice Lake the same as in the rest of the state.
Wisconsin state agency second mortgage for the down payment: up to 6% of the price, over 10 years with a monthly payment and the same rate as the WHEDA first mortgage.Offered by Wisconsin Housing and Economic Development Authority (WHEDA).
$7,500 loan from the Wisconsin state agency for the down payment and closing costs, over 30 years, at 0% and with no monthly payments, alongside a WHEDA mortgage; limited funds, first come, first served.Offered by Wisconsin Housing and Economic Development Authority (WHEDA).
No legal help resource on our list is for Rice Lake or Barron County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Rice Lake and all of Barron County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Rice Lake?
The typical home value in Rice Lake is $193,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Barron County it is $216,600.
How much does it cost to rent in Rice Lake?
Typical rent in Rice Lake is $856 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Barron County is $1,027.
What is the FHA loan limit in Rice Lake?
Rice Lake uses the FHA limit for all of Barron County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Rice Lake?
The typical homeowner in Rice Lake pays $3,200 a year, according to the U.S. Census Bureau. That is 1.65% of the home’s value; in Barron County, the rate is 1.31%.
Where can I find free help to buy or rent in Rice Lake?
We found no HUD-approved counseling agencies with an office in Barron County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
