Total monthly cost of ownership
Cost to Own a Home in Tomahawk, Wisconsin
A $168,000 home here costs
$1,490per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $864. The real number is $626 higher every month — 72% 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.
Tomahawk against Lincoln County and Wisconsin
| Measure | Tomahawk | Lincoln County |
|---|---|---|
| Median home value | $168,200 | $177,700 |
| Median property tax | $2,370 | $2,530 |
| Effective tax rate | 1.409% | 1.424% |
| Median gross rent | $554 | $768 |
| Population | 3,416 | 28,403 |
The weather behind that power bill
Tomahawk sits in Lincoln County, which averages a high of 80.2°F in its hottest month and a low of 3.4°F in its coldest, with 33.76" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 373 cooling and 8,667 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Lincoln County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
Full Lincoln County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Tomahawk?
A $168,000 home in Tomahawk, Wisconsin costs approximately $1,490 per month with 20% down at 6.66%. That is $864 principal and interest, $197 property tax, $43 homeowners insurance, $245 utilities and $140 set aside for maintenance.
What is the property tax rate in Tomahawk?
Tomahawk has an effective property tax rate of 1.409%, based on a median home value of $168,200 and median real estate taxes of $2,370. That is lower than the Lincoln County average of 1.424%.
What is the average home price in Tomahawk?
The median owner-occupied home value in Tomahawk, Wisconsin is $168,200, against $177,700 across Lincoln County.
Is it cheaper to rent or buy in Tomahawk?
Median gross rent in Tomahawk is $554 a month, against $1,490 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 Tomahawk — 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.