Total monthly cost of ownership
Cost to Own a Home in Hobart, Wisconsin
A $364,000 home here costs
$2,999per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $128,500 a year.
A standard mortgage calculator would have told you $2,000. The real number is $999 higher every month, 50% more than the payment most buyers budget for.
Compare Brown County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hobart against Brown County and Wisconsin
| Measure | Hobart | Brown County |
|---|---|---|
| Median home value | $363,500 | $245,900 |
| Median property tax | $4,891 | $3,593 |
| Effective tax rate | 1.346% | 1.461% |
| Median gross rent | $1,226 | $973 |
| Population | 10,418 | 269,425 |
The weather behind that power bill
Hobart sits in Brown County, which averages a high of 81.0°F in its hottest month and a low of 11.1°F in its coldest, with 31.61" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 508 cooling and 7,505 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Brown County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Brown County
Full Brown County cost breakdown · Every county in Wisconsin
Talk to someone who works this market
These are Hobart 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 Hobart every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hobart I already own here and may sell
Common questions
How much does it cost to own a home in Hobart?
A $364,000 home in Hobart, Wisconsin costs approximately $2,999 per month with 20% down at 7.32%. That is $2,000 principal and interest, $408 property tax, $94 homeowners insurance, $193 utilities and $303 set aside for maintenance.
What is the property tax rate in Hobart?
Hobart has an effective property tax rate of 1.346%, based on a median home value of $363,500 and median real estate taxes of $4,891. That is lower than the Brown County average of 1.461%.
What is the average home price in Hobart?
The median owner-occupied home value in Hobart, Wisconsin is $363,500, against $245,900 across Brown County.
Is it cheaper to rent or buy in Hobart?
Median gross rent in Hobart is $1,226 a month, against $2,999 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 Hobart?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hobart, Wisconsin at today's rate takes a household income of roughly $128,500 a year. That covers the full $2,999 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hobart, 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.