Total monthly cost of ownership
Cost to Own a Home in Eagle River, Wisconsin
A $165,000 home here costs
$1,447per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $848. The real number is $599 higher every month — 71% 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.
Eagle River against Vilas County and Wisconsin
| Measure | Eagle River | Vilas County |
|---|---|---|
| Median home value | $165,100 | $270,700 |
| Median property tax | $2,082 | $2,166 |
| Effective tax rate | 1.261% | 0.800% |
| Median gross rent | $862 | $810 |
| Population | 1,508 | 23,410 |
The weather behind that power bill
Eagle River sits in Vilas County, which averages a high of 75.4°F in its hottest month and a low of 0.5°F in its coldest, with 33.6" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 221 cooling and 9,481 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Vilas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Vilas County
Full Vilas County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Eagle River?
A $165,000 home in Eagle River, Wisconsin costs approximately $1,447 per month with 20% down at 6.66%. That is $848 principal and interest, $173 property tax, $42 homeowners insurance, $245 utilities and $138 set aside for maintenance.
What is the property tax rate in Eagle River?
Eagle River has an effective property tax rate of 1.261%, based on a median home value of $165,100 and median real estate taxes of $2,082. That is higher than the Vilas County average of 0.800%.
What is the average home price in Eagle River?
The median owner-occupied home value in Eagle River, Wisconsin is $165,100, against $270,700 across Vilas County.
Is it cheaper to rent or buy in Eagle River?
Median gross rent in Eagle River is $862 a month, against $1,447 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 Eagle River — 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.