The story of this market
The typical home in ZIP 53551 sells for about $431,000, or $209 per square foot.
Prices are up +3.9% from a year ago, so sellers still have some momentum. Homes take about 60 days to sell. HUD's fair market rent for a two-bedroom is $1,201 a month.
ZIP 53551 — Lake Mills
The Lake Mills housing market remains stable with low inventory and consistent demand, driving a 3.9% year-over-year price increase. While sales volume has moderated, the market remains competitive for buyers due to the limited supply of available homes.
This ZIP is well-suited for family buyers and commuters who desire a small-town atmosphere with convenient access to the Madison and Milwaukee job markets.
Median prices moved up 3.9% year over year.
Homes spend a median of 60 days on market with 0.2 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 5.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 53551, Jefferson County WI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Lake Mills Area School District, which generally maintains a positive reputation within the region.
The region is subject to standard Midwestern climate risks, including seasonal severe storms and winter weather; flood risk is localized near Rock Lake.
Economic momentum is driven by proximity to the Madison metro area, with local development focused on residential expansion and small-scale commercial growth.
Property taxes are assessed at the municipal and county level in Jefferson County, with rates influenced by local school district levies and state-mandated assessment formulas.
Residents primarily commute via I-94, providing a direct corridor to the Madison employment core to the west and Milwaukee to the east.
The area features significant recreational access, including Rock Lake, local parks, and proximity to the Glacial Drumlin State Trail.
The rental market is characterized by low vacancy pressure and steady demand, with limited inventory often resulting in competitive leasing conditions.
The local economy is supported by a mix of manufacturing, retail, and service industries, with many residents employed in the broader Madison metropolitan area.
The area is served by I-94, which acts as the primary transit artery for regional commuting.
Development is primarily focused on residential subdivisions and infrastructure maintenance to support population growth.
Jefferson County utilizes a standard assessment process based on fair market value for property tax purposes.
Parcels are subject to Lake Mills Area School District taxes and local municipal levies.
Property insurance premiums are influenced by regional weather patterns and standard risk assessments for the Midwest.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Little Amerricka Amusement Park4.68.6 mi
- River Bend RV Resort4.46.3 mi
- Prairie Athletic Club4.516.6 mi
- Thrill Factory Entertainment4.519 mi
- Fireside Theatre4.812.4 mi
- Schuster's Farm4.69.7 mi
- Little Amerricka Amusement Park4.68.6 mi
- Jefferson County Fair Park4.47.4 mi
- Milford Hills4.97.3 mi
- Little Amerricka Amusement Park4.68.6 mi
- Aztalan State Park4.63.6 mi
- AMC CLASSIC Johnson Creek 124.48.4 mi
- Bartel's Beach4.40.7 mi
- Brandt-Quirk Park4.512.7 mi
- Columbus Antique Mall4.618.2 mi
- Explore Children's Museum4.716.8 mi
- Octagon House Museum4.713.3 mi
- Hoard Historical Museum4.812 mi
- Watertown Turner Hall4.413.1 mi
- Jefferson County Fair Park4.47.4 mi
- Aztalan State Park4.63.6 mi
- Bartel's Beach4.40.7 mi
- Brandt-Quirk Park4.512.7 mi
- Sandy Beach4.51.2 mi
- Pettit's Lakeview Campground and Bar4.617.8 mi
- The Oaks Golf Course4.612.3 mi
- Jefferson Golf Course4.29.2 mi
- Hubbleton Brewing Company4.99.3 mi
- Johnson Creek Premium Outlets4.38.5 mi
- Schuster's Farm4.69.7 mi
- Blain's Farm & Fleet4.311.8 mi
- Pick 'n Save4.310.5 mi
- Pick 'n Save412.5 mi
- Dane County Regional Airport4.520.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major local attraction offering boating, fishing, and swimming.
A multi-use trail popular for cycling and hiking.
A primary public park located on the shores of Rock Lake.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.