Total monthly cost of ownership
Cost to Own a Home in River Hills, Wisconsin
A $670,000 home here costs
$5,254per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,444. The real number is $1,809 higher every month — 53% 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.
River Hills against Milwaukee County and Wisconsin
| Measure | River Hills | Milwaukee County |
|---|---|---|
| Median home value | $670,200 | $216,500 |
| Median property tax | $10,001 | $4,406 |
| Effective tax rate | 1.492% | 2.035% |
| Median gross rent | $2,107 | $1,069 |
| Population | 1,639 | 927,656 |
The weather behind that power bill
River Hills sits in Milwaukee County, which averages a high of 80.2°F in its hottest month and a low of 15.9°F in its coldest, with 36.58" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 662 cooling and 6,679 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Milwaukee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Milwaukee County
Full Milwaukee County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in River Hills?
A $670,000 home in River Hills, Wisconsin costs approximately $5,254 per month with 20% down at 6.66%. That is $3,444 principal and interest, $833 property tax, $173 homeowners insurance, $245 utilities and $558 set aside for maintenance.
What is the property tax rate in River Hills?
River Hills has an effective property tax rate of 1.492%, based on a median home value of $670,200 and median real estate taxes of $10,001. That is lower than the Milwaukee County average of 2.035%.
What is the average home price in River Hills?
The median owner-occupied home value in River Hills, Wisconsin is $670,200, against $216,500 across Milwaukee County.
Is it cheaper to rent or buy in River Hills?
Median gross rent in River Hills is $2,107 a month, against $5,254 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 River Hills — 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.