Total monthly cost of ownership
Cost to Own a Home in Lake Wazeecha, Wisconsin
A $198,000 home here costs
$1,719per 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 $73,500 a year.
A standard mortgage calculator would have told you $1,079. The real number is $640 higher every month, 59% more than the payment most buyers budget for.
Compare Wood County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lake Wazeecha from a five-year rolling sample, and with about 2,722 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 Wood 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.
Lake Wazeecha against Wood County and Wisconsin
| Measure | Lake Wazeecha | Wood County |
|---|---|---|
| Median home value | $198,400 | $168,100 |
| Median property tax | $2,772 | $2,629 |
| Effective tax rate | 1.397% | 1.564% |
| Median gross rent | $569 | $831 |
| Population | 2,722 | 74,039 |
The weather behind that power bill
Lake Wazeecha sits in Wood County, which averages a high of 82.4°F in its hottest month and a low of 7.7°F in its coldest, with 31.3" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 502 cooling and 7,830 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Wood County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wood County
Talk to someone who works this market
These are Lake Wazeecha 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 Lake Wazeecha every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lake Wazeecha I already own here and may sell
Common questions
How much does it cost to own a home in Lake Wazeecha?
A $198,000 home in Lake Wazeecha, Wisconsin costs approximately $1,719 per month with 20% down at 7.24%. That is $1,079 principal and interest, $231 property tax, $51 homeowners insurance, $193 utilities and $165 set aside for maintenance.
What is the property tax rate in Lake Wazeecha?
Lake Wazeecha has an effective property tax rate of 1.397%, based on a median home value of $198,400 and median real estate taxes of $2,772. That is lower than the Wood County average of 1.564%.
What is the average home price in Lake Wazeecha?
The median owner-occupied home value in Lake Wazeecha, Wisconsin is $198,400, against $168,100 across Wood County.
Is it cheaper to rent or buy in Lake Wazeecha?
Median gross rent in Lake Wazeecha is $569 a month, against $1,719 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 Lake Wazeecha?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lake Wazeecha, Wisconsin at today's rate takes a household income of roughly $73,500 a year. That covers the full $1,719 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lake Wazeecha, 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.