The typical owner-occupied home in Herbster is worth about $275,000, 3% above the Wisconsin median of $266,500 and 17% below the national median of $332,700. Owners pay a median $4,000 a year in property taxes, about 1.45% of their home's value, close to the Wisconsin rate of 1.42%. The median household earns $50,833 a year, so the median home costs 5.4 times the median income (3.4 times for Wisconsin). 83% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Herbster at a glance
| Herbster | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $275,000 | $266,500 | $332,700 |
| Median property tax paid per year | $4,000 | $3,792 | $3,119 |
| Property tax as a share of value | 1.45% | 1.42% | 0.94% |
| Median household income | $50,833 | $77,485 | $80,734 |
| Homes lived in by their owners | 83% | 68% | 65% |
| Owner homes with a mortgage | 34% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,188 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 19.5% | 21.0% |
| Median rent | – | $1,087 | $1,413 |
| Median year homes were built | 1985 | 1975 | 1980 |
| Vacant homes | 75.4% | 10.8% | 10.1% |
| Population | 83 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Herbster
At this week's average 30-year rate of 7.11%, buying the median Herbster home of $275,000 with 20% down costs about $1,927 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,385, 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 $82,578 for the 20%-down payment. That payment is 45% of the median Herbster household income of $50,833; at that income and 20% down, the 28% guideline points to a home of about $169,000.
| Down payment | $55,000 |
|---|---|
| Loan amount | $220,000 |
| Principal and interest | $1,480 |
| Property taxes (1.45% a year) | $332 |
| Homeowners insurance (our estimate, 0.5% a year) | $115 |
| PMI | $0 |
| Total per month | $1,927 |
Change the numbers in the calculator
| Down payment | $9,625 |
|---|---|
| Loan amount | $270,019 |
| Principal and interest | $1,816 |
| Property taxes (1.45% a year) | $332 |
| Homeowners insurance (our estimate, 0.5% a year) | $115 |
| FHA mortgage insurance | $122 |
| Total per month | $2,385 |
Change the numbers in the calculator
Questions about home buying in Herbster
What is the median home value in Herbster?
About $275,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Herbster?
Homeowners pay a median $4,000 a year, which is about 1.45% 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 Herbster?
For the median home with 20% down at 7.11%, the payment is about $1,927 a month. Keeping that under 28% of gross income takes about $82,578 a year.
More about Herbster
- Mortgage Refinance in Herbster
- Debt Relief in Herbster
- Home Equity Loans in Herbster
- 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