Total monthly cost of ownership
Cost to Own a Home in Prescott, Wisconsin
A $282,000 home here costs
$2,450per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,450. The real number is $1,000 higher every month — 69% 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.
Prescott against Pierce County and Wisconsin
| Measure | Prescott | Pierce County |
|---|---|---|
| Median home value | $282,100 | $308,600 |
| Median property tax | $5,362 | $4,552 |
| Effective tax rate | 1.901% | 1.475% |
| Median gross rent | $1,284 | $1,025 |
| Population | 4,376 | 42,351 |
The weather behind that power bill
Prescott sits in Pierce County, which averages a high of 79.5°F in its hottest month and a low of 2.4°F in its coldest, with 35.94" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 347 cooling and 8,580 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Pierce County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pierce County
Full Pierce County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Prescott?
A $282,000 home in Prescott, Wisconsin costs approximately $2,450 per month with 20% down at 6.66%. That is $1,450 principal and interest, $447 property tax, $73 homeowners insurance, $245 utilities and $235 set aside for maintenance.
What is the property tax rate in Prescott?
Prescott has an effective property tax rate of 1.901%, based on a median home value of $282,100 and median real estate taxes of $5,362. That is higher than the Pierce County average of 1.475%.
What is the average home price in Prescott?
The median owner-occupied home value in Prescott, Wisconsin is $282,100, against $308,600 across Pierce County.
Is it cheaper to rent or buy in Prescott?
Median gross rent in Prescott is $1,284 a month, against $2,450 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 Prescott — 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.