Total monthly cost of ownership
Cost to Own a Home in Algoma, Wisconsin
A $143,000 home here costs
$1,349per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $735. The real number is $614 higher every month — 84% more than the payment most buyers budget for.
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 $177 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
Common questions
How much does it cost to own a home in Algoma?
A $143,000 home in Algoma, Wisconsin costs approximately $1,349 per month with 20% down at 6.66%. That is $735 principal and interest, $213 property tax, $37 homeowners insurance, $245 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 $1,349 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.