Total monthly cost of ownership
Cost to Own a Home in Eagle River, Wisconsin
A $165,000 home here costs
$1,446per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $62,000 a year.
A standard mortgage calculator would have told you $900. The real number is $547 higher every month, 61% more than the payment most buyers budget for.
Compare Vilas County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Eagle River from a five-year rolling sample, and with about 1,508 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Vilas County figures are drawn from a far larger sample if you want a steadier number.
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 $125 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
Talk to someone who works this market
These are Eagle River averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Eagle River every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Eagle River I already own here and may sell
Common questions
How much does it cost to own a home in Eagle River?
A $165,000 home in Eagle River, Wisconsin costs approximately $1,446 per month with 20% down at 7.24%. That is $900 principal and interest, $173 property tax, $42 homeowners insurance, $193 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 $1,446 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Eagle River?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Eagle River, Wisconsin at today's rate takes a household income of roughly $62,000 a year. That covers the full $1,446 monthly cost, not just the mortgage payment.
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.