Total monthly cost of ownership
Cost to Own a Home in Two Rivers, Wisconsin
A $122,000 home here costs
$1,186per 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 $51,000 a year.
A standard mortgage calculator would have told you $665. The real number is $521 higher every month, 78% more than the payment most buyers budget for.
Compare Manitowoc County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Two Rivers against Manitowoc County and Wisconsin
| Measure | Two Rivers | Manitowoc County |
|---|---|---|
| Median home value | $121,800 | $172,900 |
| Median property tax | $2,334 | $2,660 |
| Effective tax rate | 1.916% | 1.538% |
| Median gross rent | $756 | $777 |
| Population | 11,224 | 81,314 |
The weather behind that power bill
Two Rivers sits in Manitowoc County, which averages a high of 75.8°F in its hottest month and a low of 12.0°F in its coldest, with 32.03" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 282 cooling and 7,779 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Manitowoc County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Manitowoc County
Full Manitowoc County cost breakdown · Every county in Wisconsin
Talk to someone who works this market
These are Two Rivers 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 Two Rivers every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Two Rivers I already own here and may sell
Common questions
How much does it cost to own a home in Two Rivers?
A $122,000 home in Two Rivers, Wisconsin costs approximately $1,186 per month with 20% down at 7.24%. That is $665 principal and interest, $195 property tax, $31 homeowners insurance, $193 utilities and $102 set aside for maintenance.
What is the property tax rate in Two Rivers?
Two Rivers has an effective property tax rate of 1.916%, based on a median home value of $121,800 and median real estate taxes of $2,334. That is higher than the Manitowoc County average of 1.538%.
What is the average home price in Two Rivers?
The median owner-occupied home value in Two Rivers, Wisconsin is $121,800, against $172,900 across Manitowoc County.
Is it cheaper to rent or buy in Two Rivers?
Median gross rent in Two Rivers is $756 a month, against $1,186 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 Two Rivers?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Two Rivers, Wisconsin at today's rate takes a household income of roughly $51,000 a year. That covers the full $1,186 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Two Rivers, 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.