Total monthly cost of ownership
Cost to Own a Home in Beloit, Wisconsin
A $134,000 home here costs
$1,290per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $689. The real number is $601 higher every month — 87% 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.
Beloit against Rock County and Wisconsin
| Measure | Beloit | Rock County |
|---|---|---|
| Median home value | $133,500 | $215,900 |
| Median property tax | $2,499 | $3,652 |
| Effective tax rate | 1.872% | 1.692% |
| Median gross rent | $989 | $1,019 |
| Population | 36,554 | 163,944 |
The weather behind that power bill
Beloit sits in Rock County, which averages a high of 83.4°F in its hottest month and a low of 11.6°F in its coldest, with 37.43" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 711 cooling and 6,947 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Rock County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rock County
Common questions
How much does it cost to own a home in Beloit?
A $134,000 home in Beloit, Wisconsin costs approximately $1,290 per month with 20% down at 6.66%. That is $689 principal and interest, $209 property tax, $35 homeowners insurance, $245 utilities and $112 set aside for maintenance.
What is the property tax rate in Beloit?
Beloit has an effective property tax rate of 1.872%, based on a median home value of $133,500 and median real estate taxes of $2,499. That is higher than the Rock County average of 1.692%.
What is the average home price in Beloit?
The median owner-occupied home value in Beloit, Wisconsin is $133,500, against $215,900 across Rock County.
Is it cheaper to rent or buy in Beloit?
Median gross rent in Beloit is $989 a month, against $1,290 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 Beloit — 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.