Total monthly cost of ownership
Cost to Own a Home in Cumberland, Wisconsin
A $174,000 home here costs
$1,568per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $895. The real number is $674 higher every month — 75% 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.
Cumberland against Barron County and Wisconsin
| Measure | Cumberland | Barron County |
|---|---|---|
| Median home value | $173,900 | $198,300 |
| Median property tax | $2,862 | $2,823 |
| Effective tax rate | 1.646% | 1.424% |
| Median gross rent | $901 | $859 |
| Population | 2,389 | 46,741 |
The weather behind that power bill
Cumberland sits in Barron County, which averages a high of 81.4°F in its hottest month and a low of 1.7°F in its coldest, with 31.43" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 473 cooling and 8,464 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Barron County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Barron County
Full Barron County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Cumberland?
A $174,000 home in Cumberland, Wisconsin costs approximately $1,568 per month with 20% down at 6.66%. That is $895 principal and interest, $239 property tax, $45 homeowners insurance, $245 utilities and $145 set aside for maintenance.
What is the property tax rate in Cumberland?
Cumberland has an effective property tax rate of 1.646%, based on a median home value of $173,900 and median real estate taxes of $2,862. That is higher than the Barron County average of 1.424%.
What is the average home price in Cumberland?
The median owner-occupied home value in Cumberland, Wisconsin is $173,900, against $198,300 across Barron County.
Is it cheaper to rent or buy in Cumberland?
Median gross rent in Cumberland is $901 a month, against $1,568 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 Cumberland — 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.