Total monthly cost of ownership
Cost to Own a Home in Legend Lake, Wisconsin
A $116,000 home here costs
$1,383per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $596. The real number is $787 higher every month — 132% 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.
Legend Lake against Menominee County and Wisconsin
| Measure | Legend Lake | Menominee County |
|---|---|---|
| Median home value | $116,200 | $97,000 |
| Median property tax | $4,986 | $3,527 |
| Effective tax rate | 4.291% | 3.636% |
| Median gross rent | — | $624 |
| Population | 1,478 | 4,256 |
The weather behind that power bill
Legend Lake sits in Menominee County, which averages a high of 78.8°F in its hottest month and a low of 5.1°F in its coldest, with 32.08" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 302 cooling and 8,415 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Menominee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Menominee County
Full Menominee County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Legend Lake?
A $116,000 home in Legend Lake, Wisconsin costs approximately $1,383 per month with 20% down at 6.66%. That is $596 principal and interest, $415 property tax, $30 homeowners insurance, $245 utilities and $97 set aside for maintenance.
What is the property tax rate in Legend Lake?
Legend Lake has an effective property tax rate of 4.291%, based on a median home value of $116,200 and median real estate taxes of $4,986. That is higher than the Menominee County average of 3.636%.
What is the average home price in Legend Lake?
The median owner-occupied home value in Legend Lake, Wisconsin is $116,200, against $97,000 across Menominee County.
Is it cheaper to rent or buy in Legend Lake?
Rent data is not published for Legend Lake at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Legend Lake — 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.