Total monthly cost of ownership
Cost to Own a Home in Paddock Lake, Wisconsin
A $243,000 home here costs
$2,085per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $89,500 a year.
A standard mortgage calculator would have told you $1,346. The real number is $740 higher every month, 55% more than the payment most buyers budget for.
Compare Kenosha County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Paddock Lake from a five-year rolling sample, and with about 2,965 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 Kenosha 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.
Paddock Lake against Kenosha County and Wisconsin
| Measure | Paddock Lake | Kenosha County |
|---|---|---|
| Median home value | $242,800 | $247,800 |
| Median property tax | $3,398 | $4,180 |
| Effective tax rate | 1.400% | 1.687% |
| Median gross rent | $1,202 | $1,175 |
| Population | 2,965 | 168,413 |
The weather behind that power bill
Paddock Lake sits in Kenosha County, which averages a high of 83.8°F in its hottest month and a low of 16.4°F in its coldest, with 31.88" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 721 cooling and 6,447 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Kenosha County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kenosha County
Full Kenosha County cost breakdown · Every county in Wisconsin
Talk to someone who works this market
These are Paddock Lake 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 Paddock Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Paddock Lake I already own here and may sell
Common questions
How much does it cost to own a home in Paddock Lake?
A $243,000 home in Paddock Lake, Wisconsin costs approximately $2,085 per month with 20% down at 7.4%. That is $1,346 principal and interest, $283 property tax, $63 homeowners insurance, $191 utilities and $203 set aside for maintenance.
What is the property tax rate in Paddock Lake?
Paddock Lake has an effective property tax rate of 1.400%, based on a median home value of $242,800 and median real estate taxes of $3,398. That is lower than the Kenosha County average of 1.687%.
What is the average home price in Paddock Lake?
The median owner-occupied home value in Paddock Lake, Wisconsin is $242,800, against $247,800 across Kenosha County.
Is it cheaper to rent or buy in Paddock Lake?
Median gross rent in Paddock Lake is $1,202 a month, against $2,085 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 Paddock Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Paddock Lake, Wisconsin at today's rate takes a household income of roughly $89,500 a year. That covers the full $2,085 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Paddock Lake, 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.