Total monthly cost of ownership
Cost to Own a Home in Park Falls, Wisconsin
A $82,000 home here costs
$891per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $422. The real number is $470 higher every month — 111% 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.
Park Falls against Price County and Wisconsin
| Measure | Park Falls | Price County |
|---|---|---|
| Median home value | $81,900 | $146,000 |
| Median property tax | $1,617 | $2,110 |
| Effective tax rate | 1.974% | 1.445% |
| Median gross rent | $907 | $801 |
| Population | 2,308 | 14,077 |
The weather behind that power bill
Park Falls sits in Price County, which averages a high of 78.7°F in its hottest month and a low of 0.5°F in its coldest, with 32.37" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 269 cooling and 9,082 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Price County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Price County
Full Price County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Park Falls?
A $82,000 home in Park Falls, Wisconsin costs approximately $891 per month with 20% down at 6.66%. That is $422 principal and interest, $135 property tax, $21 homeowners insurance, $245 utilities and $68 set aside for maintenance.
What is the property tax rate in Park Falls?
Park Falls has an effective property tax rate of 1.974%, based on a median home value of $81,900 and median real estate taxes of $1,617. That is higher than the Price County average of 1.445%.
What is the average home price in Park Falls?
The median owner-occupied home value in Park Falls, Wisconsin is $81,900, against $146,000 across Price County.
Is it cheaper to rent or buy in Park Falls?
Median gross rent in Park Falls is $907 a month, against $891 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Park Falls — 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.