Total monthly cost of ownership
Cost to Own a Home in Lake Ripley, Wisconsin
A $351,000 home here costs
$2,840per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,804. The real number is $1,036 higher every month — 57% 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 Ripley against Jefferson County and Wisconsin
| Measure | Lake Ripley | Jefferson County |
|---|---|---|
| Median home value | $351,300 | $253,800 |
| Median property tax | $4,893 | $3,988 |
| Effective tax rate | 1.393% | 1.571% |
| Median gross rent | $804 | $1,012 |
| Population | 1,972 | 85,867 |
The weather behind that power bill
Lake Ripley sits in Jefferson County, which averages a high of 82.4°F in its hottest month and a low of 11.0°F in its coldest, with 38.74" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 678 cooling and 7,125 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Jefferson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
Full Jefferson County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Lake Ripley?
A $351,000 home in Lake Ripley, Wisconsin costs approximately $2,840 per month with 20% down at 6.66%. That is $1,804 principal and interest, $407 property tax, $90 homeowners insurance, $245 utilities and $293 set aside for maintenance.
What is the property tax rate in Lake Ripley?
Lake Ripley has an effective property tax rate of 1.393%, based on a median home value of $351,300 and median real estate taxes of $4,893. That is lower than the Jefferson County average of 1.571%.
What is the average home price in Lake Ripley?
The median owner-occupied home value in Lake Ripley, Wisconsin is $351,300, against $253,800 across Jefferson County.
Is it cheaper to rent or buy in Lake Ripley?
Median gross rent in Lake Ripley is $804 a month, against $2,840 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 Ripley — 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.