Total monthly cost of ownership
Cost to Own a Home in Independence, Wisconsin
A $153,000 home here costs
$1,469per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $787. The real number is $683 higher every month — 87% 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.
Independence against Trempealeau County and Wisconsin
| Measure | Independence | Trempealeau County |
|---|---|---|
| Median home value | $152,600 | $203,300 |
| Median property tax | $3,236 | $3,269 |
| Effective tax rate | 2.121% | 1.608% |
| Median gross rent | $856 | $887 |
| Population | 1,477 | 30,786 |
The weather behind that power bill
Independence sits in Trempealeau County, which averages a high of 81.3°F in its hottest month and a low of 4.1°F in its coldest, with 35.61" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 482 cooling and 8,094 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Trempealeau County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Trempealeau County
Full Trempealeau County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Independence?
A $153,000 home in Independence, Wisconsin costs approximately $1,469 per month with 20% down at 6.66%. That is $787 principal and interest, $270 property tax, $39 homeowners insurance, $245 utilities and $128 set aside for maintenance.
What is the property tax rate in Independence?
Independence has an effective property tax rate of 2.121%, based on a median home value of $152,600 and median real estate taxes of $3,236. That is higher than the Trempealeau County average of 1.608%.
What is the average home price in Independence?
The median owner-occupied home value in Independence, Wisconsin is $152,600, against $203,300 across Trempealeau County.
Is it cheaper to rent or buy in Independence?
Median gross rent in Independence is $856 a month, against $1,469 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 Independence — 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.