Total monthly cost of ownership
Cost to Own a Home in Mineral Point, Wisconsin
A $213,000 home here costs
$1,924per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,095. The real number is $829 higher every month — 76% 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.
Mineral Point against Iowa County and Wisconsin
| Measure | Mineral Point | Iowa County |
|---|---|---|
| Median home value | $213,000 | $248,100 |
| Median property tax | $4,218 | $3,864 |
| Effective tax rate | 1.980% | 1.557% |
| Median gross rent | $767 | $941 |
| Population | 2,575 | 23,832 |
The weather behind that power bill
Mineral Point sits in Iowa County, which averages a high of 81.4°F in its hottest month and a low of 8.9°F in its coldest, with 39.63" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 529 cooling and 7,541 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Iowa County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Iowa County
Common questions
How much does it cost to own a home in Mineral Point?
A $213,000 home in Mineral Point, Wisconsin costs approximately $1,924 per month with 20% down at 6.66%. That is $1,095 principal and interest, $351 property tax, $55 homeowners insurance, $245 utilities and $178 set aside for maintenance.
What is the property tax rate in Mineral Point?
Mineral Point has an effective property tax rate of 1.980%, based on a median home value of $213,000 and median real estate taxes of $4,218. That is higher than the Iowa County average of 1.557%.
What is the average home price in Mineral Point?
The median owner-occupied home value in Mineral Point, Wisconsin is $213,000, against $248,100 across Iowa County.
Is it cheaper to rent or buy in Mineral Point?
Median gross rent in Mineral Point is $767 a month, against $1,924 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 Mineral Point — 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.