Total monthly cost of ownership
Cost to Own a Home in Theresa, Wisconsin
A $160,000 home here costs
$1,440per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $61,500 a year.
A standard mortgage calculator would have told you $872. The real number is $567 higher every month, 65% more than the payment most buyers budget for.
Compare Dodge County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Theresa from a five-year rolling sample, and with about 1,320 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 Dodge 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.
Theresa against Dodge County and Wisconsin
| Measure | Theresa | Dodge County |
|---|---|---|
| Median home value | $160,000 | $218,400 |
| Median property tax | $2,394 | $3,395 |
| Effective tax rate | 1.496% | 1.554% |
| Median gross rent | $874 | $963 |
| Population | 1,320 | 88,818 |
The weather behind that power bill
Theresa sits in Dodge County, which averages a high of 80.2°F in its hottest month and a low of 8.6°F in its coldest, with 35.3" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 483 cooling and 7,673 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Dodge County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dodge County
Full Dodge County cost breakdown · Every county in Wisconsin
Talk to someone who works this market
These are Theresa 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 Theresa every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Theresa I already own here and may sell
Common questions
How much does it cost to own a home in Theresa?
A $160,000 home in Theresa, Wisconsin costs approximately $1,440 per month with 20% down at 7.24%. That is $872 principal and interest, $199 property tax, $41 homeowners insurance, $193 utilities and $133 set aside for maintenance.
What is the property tax rate in Theresa?
Theresa has an effective property tax rate of 1.496%, based on a median home value of $160,000 and median real estate taxes of $2,394. That is lower than the Dodge County average of 1.554%.
What is the average home price in Theresa?
The median owner-occupied home value in Theresa, Wisconsin is $160,000, against $218,400 across Dodge County.
Is it cheaper to rent or buy in Theresa?
Median gross rent in Theresa is $874 a month, against $1,440 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 Theresa?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Theresa, Wisconsin at today's rate takes a household income of roughly $61,500 a year. That covers the full $1,440 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Theresa, 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.