Total monthly cost of ownership
Cost to Own a Home in Ashland, Wisconsin
A $162,000 home here costs
$1,477per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $833. The real number is $644 higher every month — 77% 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.
Ashland against Bayfield County and Wisconsin
| Measure | Ashland | Bayfield County |
|---|---|---|
| Median home value | $162,200 | $228,100 |
| Median property tax | $2,668 | $2,432 |
| Effective tax rate | 1.645% | 1.066% |
| Median gross rent | $697 | $789 |
| Population | 7,884 | 16,410 |
Ashland extends across 2 counties. Figures here use Bayfield County, where most of its housing sits.
The weather behind that power bill
Ashland sits in Bayfield County, which averages a high of 78.9°F in its hottest month and a low of 5.8°F in its coldest, with 27.85" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 259 cooling and 8,796 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Bayfield County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bayfield County
Full Bayfield County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Ashland?
A $162,000 home in Ashland, Wisconsin costs approximately $1,477 per month with 20% down at 6.66%. That is $833 principal and interest, $222 property tax, $42 homeowners insurance, $245 utilities and $135 set aside for maintenance.
What is the property tax rate in Ashland?
Ashland has an effective property tax rate of 1.645%, based on a median home value of $162,200 and median real estate taxes of $2,668. That is higher than the Bayfield County average of 1.066%.
What is the average home price in Ashland?
The median owner-occupied home value in Ashland, Wisconsin is $162,200, against $228,100 across Bayfield County.
Is it cheaper to rent or buy in Ashland?
Median gross rent in Ashland is $697 a month, against $1,477 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 Ashland — 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.