Total monthly cost of ownership
Cost to Own a Home in Waterford, Wisconsin
A $313,000 home here costs
$2,617per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,609. The real number is $1,008 higher every month — 63% 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.
Waterford against Racine County and Wisconsin
| Measure | Waterford | Racine County |
|---|---|---|
| Median home value | $312,700 | $239,400 |
| Median property tax | $5,045 | $4,071 |
| Effective tax rate | 1.613% | 1.701% |
| Median gross rent | $1,278 | $1,017 |
| Population | 5,627 | 196,888 |
The weather behind that power bill
Waterford sits in Racine County, which averages a high of 81.4°F in its hottest month and a low of 16.0°F in its coldest, with 31.77" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 654 cooling and 6,682 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Racine County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Racine County
Full Racine County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Waterford?
A $313,000 home in Waterford, Wisconsin costs approximately $2,617 per month with 20% down at 6.66%. That is $1,609 principal and interest, $421 property tax, $81 homeowners insurance, $245 utilities and $261 set aside for maintenance.
What is the property tax rate in Waterford?
Waterford has an effective property tax rate of 1.613%, based on a median home value of $312,700 and median real estate taxes of $5,045. That is lower than the Racine County average of 1.701%.
What is the average home price in Waterford?
The median owner-occupied home value in Waterford, Wisconsin is $312,700, against $239,400 across Racine County.
Is it cheaper to rent or buy in Waterford?
Median gross rent in Waterford is $1,278 a month, against $2,617 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 Waterford — 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.