Total monthly cost of ownership
Cost to Own a Home in Montello, Wisconsin
A $156,000 home here costs
$1,438per 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 $61,500 a year.
A standard mortgage calculator would have told you $851. The real number is $587 higher every month, 69% more than the payment most buyers budget for.
Compare Marquette County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Montello from a five-year rolling sample, and with about 1,411 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 Marquette 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.
Montello against Marquette County and Wisconsin
| Measure | Montello | Marquette County |
|---|---|---|
| Median home value | $155,600 | $201,100 |
| Median property tax | $2,682 | $2,709 |
| Effective tax rate | 1.724% | 1.347% |
| Median gross rent | $683 | $800 |
| Population | 1,411 | 15,706 |
The weather behind that power bill
Montello sits in Marquette County, which averages a high of 81.5°F in its hottest month and a low of 8.0°F in its coldest, with 36.27" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 540 cooling and 7,571 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Marquette County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marquette County
Full Marquette County cost breakdown · Every county in Wisconsin
Talk to someone who works this market
These are Montello 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 Montello every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Montello I already own here and may sell
Common questions
How much does it cost to own a home in Montello?
A $156,000 home in Montello, Wisconsin costs approximately $1,438 per month with 20% down at 7.24%. That is $851 principal and interest, $224 property tax, $40 homeowners insurance, $193 utilities and $130 set aside for maintenance.
What is the property tax rate in Montello?
Montello has an effective property tax rate of 1.724%, based on a median home value of $155,600 and median real estate taxes of $2,682. That is higher than the Marquette County average of 1.347%.
What is the average home price in Montello?
The median owner-occupied home value in Montello, Wisconsin is $155,600, against $201,100 across Marquette County.
Is it cheaper to rent or buy in Montello?
Median gross rent in Montello is $683 a month, against $1,438 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 Montello?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Montello, Wisconsin at today's rate takes a household income of roughly $61,500 a year. That covers the full $1,438 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Montello, 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.