Total monthly cost of ownership
Cost to Own a Home in Algoma, Wisconsin
A $143,000 home here costs
$1,342per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $57,500 a year.
A standard mortgage calculator would have told you $780. The real number is $562 higher every month, 72% more than the payment most buyers budget for.
Compare Kewaunee County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Algoma from a five-year rolling sample, and with about 3,219 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Kewaunee County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Algoma against Kewaunee County and Wisconsin
| Measure | Algoma | Kewaunee County |
|---|---|---|
| Median home value | $143,000 | $208,900 |
| Median property tax | $2,553 | $3,083 |
| Effective tax rate | 1.785% | 1.476% |
| Median gross rent | $812 | $839 |
| Population | 3,219 | 20,621 |
The weather behind that power bill
Algoma sits in Kewaunee County, which averages a high of 77.0°F in its hottest month and a low of 10.7°F in its coldest, with 30.07" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 290 cooling and 7,871 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Kewaunee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kewaunee County
Full Kewaunee County cost breakdown · Every county in Wisconsin
Talk to someone who works this market
These are Algoma averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Algoma every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Algoma I already own here and may sell
Common questions
How much does it cost to own a home in Algoma?
A $143,000 home in Algoma, Wisconsin costs approximately $1,342 per month with 20% down at 7.24%. That is $780 principal and interest, $213 property tax, $37 homeowners insurance, $193 utilities and $119 set aside for maintenance.
What is the property tax rate in Algoma?
Algoma has an effective property tax rate of 1.785%, based on a median home value of $143,000 and median real estate taxes of $2,553. That is higher than the Kewaunee County average of 1.476%.
What is the average home price in Algoma?
The median owner-occupied home value in Algoma, Wisconsin is $143,000, against $208,900 across Kewaunee County.
Is it cheaper to rent or buy in Algoma?
Median gross rent in Algoma is $812 a month, against $1,342 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Algoma?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Algoma, Wisconsin at today's rate takes a household income of roughly $57,500 a year. That covers the full $1,342 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Algoma, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Wisconsin.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.