Total monthly cost of ownership
Cost to Own a Home in Frederic, Wisconsin
A $145,000 home here costs
$1,326per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $745. The real number is $580 higher every month — 78% 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.
Frederic against Polk County and Wisconsin
| Measure | Frederic | Polk County |
|---|---|---|
| Median home value | $144,900 | $241,200 |
| Median property tax | $2,119 | $2,947 |
| Effective tax rate | 1.462% | 1.222% |
| Median gross rent | $836 | $958 |
| Population | 1,148 | 45,327 |
The weather behind that power bill
Frederic sits in Polk County, which averages a high of 80.8°F in its hottest month and a low of 4.6°F in its coldest, with 32.89" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 500 cooling and 8,078 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Polk County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Polk County
Common questions
How much does it cost to own a home in Frederic?
A $145,000 home in Frederic, Wisconsin costs approximately $1,326 per month with 20% down at 6.66%. That is $745 principal and interest, $177 property tax, $37 homeowners insurance, $245 utilities and $121 set aside for maintenance.
What is the property tax rate in Frederic?
Frederic has an effective property tax rate of 1.462%, based on a median home value of $144,900 and median real estate taxes of $2,119. That is higher than the Polk County average of 1.222%.
What is the average home price in Frederic?
The median owner-occupied home value in Frederic, Wisconsin is $144,900, against $241,200 across Polk County.
Is it cheaper to rent or buy in Frederic?
Median gross rent in Frederic is $836 a month, against $1,326 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 Frederic — 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.