Total monthly cost of ownership
Cost to Own a Home in Mineral Point, Wisconsin
A $213,000 home here costs
$1,938per 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 $83,000 a year.
A standard mortgage calculator would have told you $1,161. The real number is $777 higher every month, 67% more than the payment most buyers budget for.
Compare Iowa County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Mineral Point from a five-year rolling sample, and with about 2,575 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 Iowa 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.
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 $125 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
Talk to someone who works this market
These are Mineral Point 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 Mineral Point every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mineral Point I already own here and may sell
Common questions
How much does it cost to own a home in Mineral Point?
A $213,000 home in Mineral Point, Wisconsin costs approximately $1,938 per month with 20% down at 7.24%. That is $1,161 principal and interest, $351 property tax, $55 homeowners insurance, $193 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 $1,938 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 Mineral Point?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mineral Point, Wisconsin at today's rate takes a household income of roughly $83,000 a year. That covers the full $1,938 monthly cost, not just the mortgage payment.
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.