The typical owner-occupied home in Wausau is worth about $68,400, 81% below the Florida median of $359,000 and 79% below the national median of $332,700. Owners pay a median $538 a year in property taxes, about 0.79% of their home's value, close to the Florida rate of 0.76%. The median household earns $32,500 a year, so the median home costs 2.1 times the median income (4.8 times for Florida). 65% of occupied homes here are lived in by their owners, and 19% of those owners still have a mortgage.
Wausau at a glance
| Wausau | Florida | U.S. | |
|---|---|---|---|
| Median home value | $68,400 | $359,000 | $332,700 |
| Median property tax paid per year | $538 | $2,730 | $3,119 |
| Property tax as a share of value | 0.79% | 0.76% | 0.94% |
| Median household income | $32,500 | $74,568 | $80,734 |
| Homes lived in by their owners | 65% | 68% | 65% |
| Owner homes with a mortgage | 19% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,292 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 45.0% | 23.6% | 21.0% |
| Median rent | $869 | $1,669 | $1,413 |
| Rent as a share of renters' income | 22.5% | 35.2% | 30.6% |
| Median year homes were built | 1989 | 1988 | 1980 |
| Vacant homes | 8.0% | 14.7% | 10.1% |
| Population | 320 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Wausau
At this week's average 30-year rate of 7.11%, buying the median Wausau home of $68,400 with 20% down costs about $442 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $556, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $18,927 for the 20%-down payment. That payment is 16% of the median Wausau household income of $32,500; at that income and 20% down, the 28% guideline points to a home of about $117,000.
The median rent here is $869 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,680 |
|---|---|
| Loan amount | $54,720 |
| Principal and interest | $368 |
| Property taxes (0.79% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $442 |
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| Down payment | $2,394 |
|---|---|
| Loan amount | $67,161 |
| Principal and interest | $452 |
| Property taxes (0.79% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $30 |
| Total per month | $556 |
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Questions about home buying in Wausau
What is the median home value in Wausau?
About $68,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wausau?
Homeowners pay a median $538 a year, which is about 0.79% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Wausau?
For the median home with 20% down at 7.11%, the payment is about $442 a month. Keeping that under 28% of gross income takes about $18,927 a year.
More about Wausau
- Mortgage Refinance in Wausau
- Debt Relief in Wausau
- Home Equity Loans in Wausau
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data