Total monthly cost of ownership
Cost to Own a Home in Wisconsin Rapids, Wisconsin
A $117,000 home here costs
$1,163per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $601. The real number is $562 higher every month — 93% 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.
Wisconsin Rapids against Wood County and Wisconsin
| Measure | Wisconsin Rapids | Wood County |
|---|---|---|
| Median home value | $116,600 | $168,100 |
| Median property tax | $2,254 | $2,629 |
| Effective tax rate | 1.933% | 1.564% |
| Median gross rent | $872 | $831 |
| Population | 18,756 | 74,039 |
The weather behind that power bill
Wisconsin Rapids sits in Wood County, which averages a high of 82.4°F in its hottest month and a low of 7.7°F in its coldest, with 31.3" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 502 cooling and 7,830 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Wood County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wood County
Common questions
How much does it cost to own a home in Wisconsin Rapids?
A $117,000 home in Wisconsin Rapids, Wisconsin costs approximately $1,163 per month with 20% down at 6.66%. That is $601 principal and interest, $188 property tax, $30 homeowners insurance, $245 utilities and $98 set aside for maintenance.
What is the property tax rate in Wisconsin Rapids?
Wisconsin Rapids has an effective property tax rate of 1.933%, based on a median home value of $116,600 and median real estate taxes of $2,254. That is higher than the Wood County average of 1.564%.
What is the average home price in Wisconsin Rapids?
The median owner-occupied home value in Wisconsin Rapids, Wisconsin is $116,600, against $168,100 across Wood County.
Is it cheaper to rent or buy in Wisconsin Rapids?
Median gross rent in Wisconsin Rapids is $872 a month, against $1,163 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 Wisconsin Rapids — 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.