Total monthly cost of ownership
Cost to Own a Home in Gillett, Wisconsin
A $111,000 home here costs
$1,106per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $571. The real number is $536 higher every month — 94% 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.
Gillett against Oconto County and Wisconsin
| Measure | Gillett | Oconto County |
|---|---|---|
| Median home value | $110,800 | $212,000 |
| Median property tax | $2,025 | $2,651 |
| Effective tax rate | 1.828% | 1.250% |
| Median gross rent | $758 | $796 |
| Population | 1,333 | 39,329 |
The weather behind that power bill
Gillett sits in Oconto County, which averages a high of 78.8°F in its hottest month and a low of 5.1°F in its coldest, with 32.08" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 302 cooling and 8,415 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Oconto County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Oconto County
Full Oconto County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Gillett?
A $111,000 home in Gillett, Wisconsin costs approximately $1,106 per month with 20% down at 6.66%. That is $571 principal and interest, $169 property tax, $29 homeowners insurance, $245 utilities and $93 set aside for maintenance.
What is the property tax rate in Gillett?
Gillett has an effective property tax rate of 1.828%, based on a median home value of $110,800 and median real estate taxes of $2,025. That is higher than the Oconto County average of 1.250%.
What is the average home price in Gillett?
The median owner-occupied home value in Gillett, Wisconsin is $110,800, against $212,000 across Oconto County.
Is it cheaper to rent or buy in Gillett?
Median gross rent in Gillett is $758 a month, against $1,106 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 Gillett — 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.