Total monthly cost of ownership
Cost to Own a Home in Whitefish Bay, Wisconsin
A $499,000 home here costs
$4,110per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,565. The real number is $1,545 higher every month — 60% 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.
Whitefish Bay against Milwaukee County and Wisconsin
| Measure | Whitefish Bay | Milwaukee County |
|---|---|---|
| Median home value | $498,700 | $216,500 |
| Median property tax | $9,054 | $4,406 |
| Effective tax rate | 1.816% | 2.035% |
| Median gross rent | $1,348 | $1,069 |
| Population | 14,750 | 927,656 |
The weather behind that power bill
Whitefish Bay sits in Milwaukee County, which averages a high of 80.2°F in its hottest month and a low of 15.9°F in its coldest, with 36.58" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 662 cooling and 6,679 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Milwaukee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Milwaukee County
Full Milwaukee County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Whitefish Bay?
A $499,000 home in Whitefish Bay, Wisconsin costs approximately $4,110 per month with 20% down at 6.66%. That is $2,565 principal and interest, $755 property tax, $128 homeowners insurance, $245 utilities and $416 set aside for maintenance.
What is the property tax rate in Whitefish Bay?
Whitefish Bay has an effective property tax rate of 1.816%, based on a median home value of $498,700 and median real estate taxes of $9,054. That is lower than the Milwaukee County average of 2.035%.
What is the average home price in Whitefish Bay?
The median owner-occupied home value in Whitefish Bay, Wisconsin is $498,700, against $216,500 across Milwaukee County.
Is it cheaper to rent or buy in Whitefish Bay?
Median gross rent in Whitefish Bay is $1,348 a month, against $4,110 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 Whitefish Bay — 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.