Total monthly cost of ownership
Cost to Own a Home in Monroe, Wisconsin
A $184,000 home here costs
$1,678per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $946. The real number is $732 higher every month — 77% 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.
Monroe against Green County and Wisconsin
| Measure | Monroe | Green County |
|---|---|---|
| Median home value | $184,400 | $236,900 |
| Median property tax | $3,439 | $3,882 |
| Effective tax rate | 1.865% | 1.639% |
| Median gross rent | $844 | $851 |
| Population | 10,568 | 37,036 |
The weather behind that power bill
Monroe sits in Green County, which averages a high of 82.5°F in its hottest month and a low of 10.9°F in its coldest, with 39.73" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 697 cooling and 7,115 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Green County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Green County
Full Green County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Monroe?
A $184,000 home in Monroe, Wisconsin costs approximately $1,678 per month with 20% down at 6.66%. That is $946 principal and interest, $286 property tax, $47 homeowners insurance, $245 utilities and $153 set aside for maintenance.
What is the property tax rate in Monroe?
Monroe has an effective property tax rate of 1.865%, based on a median home value of $184,400 and median real estate taxes of $3,439. That is higher than the Green County average of 1.639%.
What is the average home price in Monroe?
The median owner-occupied home value in Monroe, Wisconsin is $184,400, against $236,900 across Green County.
Is it cheaper to rent or buy in Monroe?
Median gross rent in Monroe is $844 a month, against $1,678 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 Monroe — 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.