Total monthly cost of ownership
Cost to Own a Home in Hammond, Wisconsin
A $233,000 home here costs
$1,999per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,198. The real number is $801 higher every month — 67% 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.
Hammond against St. Croix County and Wisconsin
| Measure | Hammond | St. Croix County |
|---|---|---|
| Median home value | $232,700 | $349,700 |
| Median property tax | $3,615 | $4,297 |
| Effective tax rate | 1.554% | 1.229% |
| Median gross rent | $935 | $1,238 |
| Population | 2,071 | 94,819 |
The weather behind that power bill
Hammond sits in St. Croix County, which averages a high of 79.3°F in its hottest month and a low of 1.8°F in its coldest, with 32.97" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 401 cooling and 8,528 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for St. Croix County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in St. Croix County
Full St. Croix County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Hammond?
A $233,000 home in Hammond, Wisconsin costs approximately $1,999 per month with 20% down at 6.66%. That is $1,198 principal and interest, $302 property tax, $60 homeowners insurance, $245 utilities and $194 set aside for maintenance.
What is the property tax rate in Hammond?
Hammond has an effective property tax rate of 1.554%, based on a median home value of $232,700 and median real estate taxes of $3,615. That is higher than the St. Croix County average of 1.229%.
What is the average home price in Hammond?
The median owner-occupied home value in Hammond, Wisconsin is $232,700, against $349,700 across St. Croix County.
Is it cheaper to rent or buy in Hammond?
Median gross rent in Hammond is $935 a month, against $1,999 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 Hammond — 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.