Total monthly cost of ownership
Cost to Own a Home in Washburn, Wisconsin
A $174,000 home here costs
$1,538per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $895. The real number is $643 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.
Washburn against Bayfield County and Wisconsin
| Measure | Washburn | Bayfield County |
|---|---|---|
| Median home value | $174,100 | $228,100 |
| Median property tax | $2,495 | $2,432 |
| Effective tax rate | 1.433% | 1.066% |
| Median gross rent | $779 | $789 |
| Population | 1,858 | 16,410 |
The weather behind that power bill
Washburn sits in Bayfield County, which averages a high of 78.9°F in its hottest month and a low of 5.8°F in its coldest, with 27.85" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 259 cooling and 8,796 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Bayfield County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bayfield County
Full Bayfield County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Washburn?
A $174,000 home in Washburn, Wisconsin costs approximately $1,538 per month with 20% down at 6.66%. That is $895 principal and interest, $208 property tax, $45 homeowners insurance, $245 utilities and $145 set aside for maintenance.
What is the property tax rate in Washburn?
Washburn has an effective property tax rate of 1.433%, based on a median home value of $174,100 and median real estate taxes of $2,495. That is higher than the Bayfield County average of 1.066%.
What is the average home price in Washburn?
The median owner-occupied home value in Washburn, Wisconsin is $174,100, against $228,100 across Bayfield County.
Is it cheaper to rent or buy in Washburn?
Median gross rent in Washburn is $779 a month, against $1,538 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 Washburn — 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.