The typical owner-occupied home in Butternut is worth about $74,300, 72% below the Wisconsin median of $266,500 and 78% below the national median of $332,700. Owners pay a median $1,045 a year in property taxes, about 1.41% of their home's value, close to the Wisconsin rate of 1.42%. The median household earns $43,750 a year, so the median home costs 1.7 times the median income (3.4 times for Wisconsin). 58% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Butternut at a glance
| Butternut | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $74,300 | $266,500 | $332,700 |
| Median property tax paid per year | $1,045 | $3,792 | $3,119 |
| Property tax as a share of value | 1.41% | 1.42% | 0.94% |
| Median household income | $43,750 | $77,485 | $80,734 |
| Homes lived in by their owners | 58% | 68% | 65% |
| Owner homes with a mortgage | 52% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $979 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.9% | 19.5% | 21.0% |
| Median rent | $626 | $1,087 | $1,413 |
| Rent as a share of renters' income | 22.5% | 27.2% | 30.6% |
| Median year homes were built | 1959 | 1975 | 1980 |
| Vacant homes | 8.1% | 10.8% | 10.1% |
| Population | 465 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Butternut
At this week's average 30-year rate of 7.11%, buying the median Butternut home of $74,300 with 20% down costs about $518 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $642, 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 $22,205 for the 20%-down payment. That payment is 14% of the median Butternut household income of $43,750; at that income and 20% down, the 28% guideline points to a home of about $146,000.
The median rent here is $626 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,860 |
|---|---|
| Loan amount | $59,440 |
| Principal and interest | $400 |
| Property taxes (1.41% a year) | $87 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $518 |
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| Down payment | $2,600 |
|---|---|
| Loan amount | $72,954 |
| Principal and interest | $491 |
| Property taxes (1.41% a year) | $87 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $33 |
| Total per month | $642 |
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Questions about home buying in Butternut
What is the median home value in Butternut?
About $74,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Butternut?
Homeowners pay a median $1,045 a year, which is about 1.41% 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 Butternut?
For the median home with 20% down at 7.11%, the payment is about $518 a month. Keeping that under 28% of gross income takes about $22,205 a year.
More about Butternut
- Mortgage Refinance in Butternut
- Debt Relief in Butternut
- Home Equity Loans in Butternut
- 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