Total monthly cost of ownership
Cost to Own a Home in Oakfield, Wisconsin
A $230,000 home here costs
$2,038per 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 $87,500 a year.
A standard mortgage calculator would have told you $1,254. The real number is $784 higher every month, 63% more than the payment most buyers budget for.
Compare Fond du Lac County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Oakfield from a five-year rolling sample, and with about 1,219 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 Fond du Lac 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.
Oakfield against Fond du Lac County and Wisconsin
| Measure | Oakfield | Fond du Lac County |
|---|---|---|
| Median home value | $229,700 | $209,800 |
| Median property tax | $4,072 | $3,311 |
| Effective tax rate | 1.773% | 1.578% |
| Median gross rent | $916 | $926 |
| Population | 1,219 | 104,053 |
The weather behind that power bill
Oakfield sits in Fond du Lac County, which averages a high of 81.9°F in its hottest month and a low of 11.1°F in its coldest, with 28.39" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 583 cooling and 7,275 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Fond du Lac County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fond du Lac County
Full Fond du Lac County cost breakdown · Every county in Wisconsin
Talk to someone who works this market
These are Oakfield 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 Oakfield every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Oakfield I already own here and may sell
Common questions
How much does it cost to own a home in Oakfield?
A $230,000 home in Oakfield, Wisconsin costs approximately $2,038 per month with 20% down at 7.24%. That is $1,254 principal and interest, $340 property tax, $59 homeowners insurance, $193 utilities and $192 set aside for maintenance.
What is the property tax rate in Oakfield?
Oakfield has an effective property tax rate of 1.773%, based on a median home value of $229,700 and median real estate taxes of $4,072. That is higher than the Fond du Lac County average of 1.578%.
What is the average home price in Oakfield?
The median owner-occupied home value in Oakfield, Wisconsin is $229,700, against $209,800 across Fond du Lac County.
Is it cheaper to rent or buy in Oakfield?
Median gross rent in Oakfield is $916 a month, against $2,038 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 Oakfield?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Oakfield, Wisconsin at today's rate takes a household income of roughly $87,500 a year. That covers the full $2,038 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Oakfield, 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.