Total monthly cost of ownership
Cost to Own a Home in Stevens Point, Wisconsin
A $190,000 home here costs
$1,706per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $977. The real number is $729 higher every month — 75% 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.
Stevens Point against Portage County and Wisconsin
| Measure | Stevens Point | Portage County |
|---|---|---|
| Median home value | $189,700 | $230,400 |
| Median property tax | $3,315 | $3,396 |
| Effective tax rate | 1.747% | 1.474% |
| Median gross rent | $874 | $903 |
| Population | 25,497 | 70,375 |
The weather behind that power bill
Stevens Point sits in Portage County, which averages a high of 79.7°F in its hottest month and a low of 7.1°F in its coldest, with 33.97" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 451 cooling and 8,037 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Portage County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Portage County
Full Portage County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Stevens Point?
A $190,000 home in Stevens Point, Wisconsin costs approximately $1,706 per month with 20% down at 6.66%. That is $977 principal and interest, $277 property tax, $49 homeowners insurance, $245 utilities and $158 set aside for maintenance.
What is the property tax rate in Stevens Point?
Stevens Point has an effective property tax rate of 1.747%, based on a median home value of $189,700 and median real estate taxes of $3,315. That is higher than the Portage County average of 1.474%.
What is the average home price in Stevens Point?
The median owner-occupied home value in Stevens Point, Wisconsin is $189,700, against $230,400 across Portage County.
Is it cheaper to rent or buy in Stevens Point?
Median gross rent in Stevens Point is $874 a month, against $1,706 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 Stevens Point — 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.