Total monthly cost of ownership
Cost to Own a Home in Lake Geneva, Wisconsin
A $323,000 home here costs
$2,641per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,661. The real number is $981 higher every month — 59% 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.
Lake Geneva against Walworth County and Wisconsin
| Measure | Lake Geneva | Walworth County |
|---|---|---|
| Median home value | $323,000 | $275,900 |
| Median property tax | $4,596 | $3,964 |
| Effective tax rate | 1.423% | 1.437% |
| Median gross rent | $1,250 | $1,090 |
| Population | 8,443 | 105,447 |
The weather behind that power bill
Lake Geneva sits in Walworth County, which averages a high of 82.9°F in its hottest month and a low of 13.4°F in its coldest, with 36.74" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 631 cooling and 6,933 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Walworth County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walworth County
Full Walworth County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Lake Geneva?
A $323,000 home in Lake Geneva, Wisconsin costs approximately $2,641 per month with 20% down at 6.66%. That is $1,661 principal and interest, $383 property tax, $83 homeowners insurance, $245 utilities and $269 set aside for maintenance.
What is the property tax rate in Lake Geneva?
Lake Geneva has an effective property tax rate of 1.423%, based on a median home value of $323,000 and median real estate taxes of $4,596. That is lower than the Walworth County average of 1.437%.
What is the average home price in Lake Geneva?
The median owner-occupied home value in Lake Geneva, Wisconsin is $323,000, against $275,900 across Walworth County.
Is it cheaper to rent or buy in Lake Geneva?
Median gross rent in Lake Geneva is $1,250 a month, against $2,641 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 Lake Geneva — 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.