Total monthly cost of ownership
Cost to Own a Home in Hammond, Wisconsin
A $233,000 home here costs
$2,019per 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 $86,500 a year.
A standard mortgage calculator would have told you $1,270. The real number is $749 higher every month, 59% more than the payment most buyers budget for.
Compare St. Croix County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hammond from a five-year rolling sample, and with about 2,071 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 St. Croix 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.
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 $125 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
Talk to someone who works this market
These are Hammond 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 Hammond every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hammond I already own here and may sell
Common questions
How much does it cost to own a home in Hammond?
A $233,000 home in Hammond, Wisconsin costs approximately $2,019 per month with 20% down at 7.24%. That is $1,270 principal and interest, $302 property tax, $60 homeowners insurance, $193 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 $2,019 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 Hammond?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hammond, Wisconsin at today's rate takes a household income of roughly $86,500 a year. That covers the full $2,019 monthly cost, not just the mortgage payment.
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.