The typical owner-occupied home in Dodgeville is worth about $217,300, 6% below the Michigan median of $231,600 and 35% below the national median of $332,700. Owners pay a median $2,297 a year in property taxes, about 1.06% of their home's value, lower than the Michigan rate of 1.25%. 65% of occupied homes here are lived in by their owners, and 100% of those owners still have a mortgage.
Dodgeville at a glance
| Dodgeville | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $217,300 | $231,600 | $332,700 |
| Median property tax paid per year | $2,297 | $2,904 | $3,119 |
| Property tax as a share of value | 1.06% | 1.25% | 0.94% |
| Median household income | – | $72,875 | $80,734 |
| Homes lived in by their owners | 65% | 73% | 65% |
| Owner homes with a mortgage | 100% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,201 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 15.6% | 19.3% | 21.0% |
| Median rent | $763 | $1,129 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.2% | 30.6% |
| Median year homes were built | 1974 | 1972 | 1980 |
| Vacant homes | 0.0% | 11.8% | 10.1% |
| Population | 409 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Dodgeville
At this week's average 30-year rate of 7.11%, buying the median Dodgeville home of $217,300 with 20% down costs about $1,452 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,814, 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 $62,225 for the 20%-down payment.
The median rent here is $763 a month, so owning the median home costs about $689 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,460 |
|---|---|
| Loan amount | $173,840 |
| Principal and interest | $1,169 |
| Property taxes (1.06% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| PMI | $0 |
| Total per month | $1,452 |
Change the numbers in the calculator
| Down payment | $7,606 |
|---|---|
| Loan amount | $213,364 |
| Principal and interest | $1,435 |
| Property taxes (1.06% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| FHA mortgage insurance | $96 |
| Total per month | $1,814 |
Change the numbers in the calculator
Questions about home buying in Dodgeville
What is the median home value in Dodgeville?
About $217,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dodgeville?
Homeowners pay a median $2,297 a year, which is about 1.06% 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 Dodgeville?
For the median home with 20% down at 7.11%, the payment is about $1,452 a month. Keeping that under 28% of gross income takes about $62,225 a year.
More about Dodgeville
- Mortgage Refinance in Dodgeville
- Debt Relief in Dodgeville
- Home Equity Loans in Dodgeville
- 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