Total monthly cost of ownership
Cost to Own a Home in Waukon, Iowa
A $134,000 home here costs
$1,219per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $689. The real number is $530 higher every month — 77% 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.
Waukon against Allamakee County and Iowa
| Measure | Waukon | Allamakee County |
|---|---|---|
| Median home value | $133,700 | $171,900 |
| Median property tax | $1,979 | $2,103 |
| Effective tax rate | 1.480% | 1.223% |
| Median gross rent | $719 | $717 |
| Population | 3,796 | 14,038 |
The weather behind that power bill
Waukon sits in Allamakee County, which averages a high of 81.3°F in its hottest month and a low of 8.4°F in its coldest, with 39.19" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 570 cooling and 7,657 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Allamakee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Allamakee County
Common questions
How much does it cost to own a home in Waukon?
A $134,000 home in Waukon, Iowa costs approximately $1,219 per month with 20% down at 6.66%. That is $689 principal and interest, $165 property tax, $58 homeowners insurance, $195 utilities and $112 set aside for maintenance.
What is the property tax rate in Waukon?
Waukon has an effective property tax rate of 1.480%, based on a median home value of $133,700 and median real estate taxes of $1,979. That is higher than the Allamakee County average of 1.223%.
What is the average home price in Waukon?
The median owner-occupied home value in Waukon, Iowa is $133,700, against $171,900 across Allamakee County.
Is it cheaper to rent or buy in Waukon?
Median gross rent in Waukon is $719 a month, against $1,219 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 Waukon — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Iowa.
- 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.