Total monthly cost of ownership
Cost to Own a Home in Marinette, Wisconsin
A $112,000 home here costs
$1,086per 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 $46,500 a year.
A standard mortgage calculator would have told you $611. The real number is $476 higher every month, 78% more than the payment most buyers budget for.
Compare Marinette County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Marinette against Marinette County and Wisconsin
| Measure | Marinette | Marinette County |
|---|---|---|
| Median home value | $111,600 | $154,600 |
| Median property tax | $1,916 | $1,950 |
| Effective tax rate | 1.717% | 1.261% |
| Median gross rent | $763 | $749 |
| Population | 11,060 | 41,907 |
The weather behind that power bill
Marinette sits in Marinette County, which averages a high of 79.3°F in its hottest month and a low of 4.0°F in its coldest, with 32.08" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 286 cooling and 8,875 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Marinette County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marinette County
Full Marinette County cost breakdown · Every county in Wisconsin
Talk to someone who works this market
These are Marinette 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 Marinette every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Marinette I already own here and may sell
Common questions
How much does it cost to own a home in Marinette?
A $112,000 home in Marinette, Wisconsin costs approximately $1,086 per month with 20% down at 7.24%. That is $611 principal and interest, $160 property tax, $29 homeowners insurance, $193 utilities and $93 set aside for maintenance.
What is the property tax rate in Marinette?
Marinette has an effective property tax rate of 1.717%, based on a median home value of $111,600 and median real estate taxes of $1,916. That is higher than the Marinette County average of 1.261%.
What is the average home price in Marinette?
The median owner-occupied home value in Marinette, Wisconsin is $111,600, against $154,600 across Marinette County.
Is it cheaper to rent or buy in Marinette?
Median gross rent in Marinette is $763 a month, against $1,086 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 Marinette?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Marinette, Wisconsin at today's rate takes a household income of roughly $46,500 a year. That covers the full $1,086 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Marinette, 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.