Total monthly cost of ownership
Cost to Own a Home in Caledonia, Wisconsin
A $279,000 home here costs
$2,354per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,434. The real number is $920 higher every month — 64% 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.
Caledonia against Racine County and Wisconsin
| Measure | Caledonia | Racine County |
|---|---|---|
| Median home value | $279,400 | $239,400 |
| Median property tax | $4,446 | $4,071 |
| Effective tax rate | 1.591% | 1.701% |
| Median gross rent | $1,080 | $1,017 |
| Population | 25,292 | 196,888 |
The weather behind that power bill
Caledonia sits in Racine County, which averages a high of 81.4°F in its hottest month and a low of 16.0°F in its coldest, with 31.77" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 654 cooling and 6,682 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Racine County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Racine County
Full Racine County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Caledonia?
A $279,000 home in Caledonia, Wisconsin costs approximately $2,354 per month with 20% down at 6.66%. That is $1,434 principal and interest, $370 property tax, $72 homeowners insurance, $245 utilities and $233 set aside for maintenance.
What is the property tax rate in Caledonia?
Caledonia has an effective property tax rate of 1.591%, based on a median home value of $279,400 and median real estate taxes of $4,446. That is lower than the Racine County average of 1.701%.
What is the average home price in Caledonia?
The median owner-occupied home value in Caledonia, Wisconsin is $279,400, against $239,400 across Racine County.
Is it cheaper to rent or buy in Caledonia?
Median gross rent in Caledonia is $1,080 a month, against $2,354 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 Caledonia — 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.