Total monthly cost of ownership
Cost to Own a Home in Kiel, Wisconsin
A $172,000 home here costs
$1,540per 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 $66,000 a year.
A standard mortgage calculator would have told you $938. The real number is $603 higher every month, 64% more than the payment most buyers budget for.
Compare Manitowoc County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Kiel from a five-year rolling sample, and with about 3,919 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 Manitowoc 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.
Kiel against Manitowoc County and Wisconsin
| Measure | Kiel | Manitowoc County |
|---|---|---|
| Median home value | $172,300 | $172,900 |
| Median property tax | $2,666 | $2,660 |
| Effective tax rate | 1.547% | 1.538% |
| Median gross rent | $845 | $777 |
| Population | 3,919 | 81,314 |
Kiel extends across 2 counties. Figures here use Manitowoc County, where most of its housing sits.
The weather behind that power bill
Kiel sits in Manitowoc County, which averages a high of 75.8°F in its hottest month and a low of 12.0°F in its coldest, with 32.03" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 282 cooling and 7,779 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Manitowoc County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Manitowoc County
Full Manitowoc County cost breakdown · Every county in Wisconsin
Talk to someone who works this market
These are Kiel 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 Kiel every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Kiel?
A $172,000 home in Kiel, Wisconsin costs approximately $1,540 per month with 20% down at 7.24%. That is $938 principal and interest, $222 property tax, $44 homeowners insurance, $193 utilities and $143 set aside for maintenance.
What is the property tax rate in Kiel?
Kiel has an effective property tax rate of 1.547%, based on a median home value of $172,300 and median real estate taxes of $2,666. That is in line with the Manitowoc County average of 1.538%.
What is the average home price in Kiel?
The median owner-occupied home value in Kiel, Wisconsin is $172,300, against $172,900 across Manitowoc County.
Is it cheaper to rent or buy in Kiel?
Median gross rent in Kiel is $845 a month, against $1,540 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 Kiel?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Kiel, Wisconsin at today's rate takes a household income of roughly $66,000 a year. That covers the full $1,540 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Kiel, 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.