The typical owner-occupied home in Steuben is worth about $106,300, 60% below the Wisconsin median of $266,500 and 68% below the national median of $332,700. Owners pay a median $2,063 a year in property taxes, about 1.94% of their home's value, higher than the Wisconsin rate of 1.42%. The median household earns $72,188 a year, so the median home costs 1.5 times the median income (3.4 times for Wisconsin). 67% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Steuben at a glance
| Steuben | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $106,300 | $266,500 | $332,700 |
| Median property tax paid per year | $2,063 | $3,792 | $3,119 |
| Property tax as a share of value | 1.94% | 1.42% | 0.94% |
| Median household income | $72,188 | $77,485 | $80,734 |
| Homes lived in by their owners | 67% | 68% | 65% |
| Owner homes with a mortgage | 55% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,094 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 19.5% | 21.0% |
| Median rent | $788 | $1,087 | $1,413 |
| Rent as a share of renters' income | 17.5% | 27.2% | 30.6% |
| Median year homes were built | 1973 | 1975 | 1980 |
| Vacant homes | 34.7% | 10.8% | 10.1% |
| Population | 148 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Steuben
At this week's average 30-year rate of 7.11%, buying the median Steuben home of $106,300 with 20% down costs about $788 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $965, 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 $33,780 for the 20%-down payment. That payment is 13% of the median Steuben household income of $72,188; at that income and 20% down, the 28% guideline points to a home of about $227,000.
The median rent here is $788 a month, so owning the median home costs about $0 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $21,260 |
|---|---|
| Loan amount | $85,040 |
| Principal and interest | $572 |
| Property taxes (1.94% a year) | $172 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $788 |
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| Down payment | $3,720 |
|---|---|
| Loan amount | $104,375 |
| Principal and interest | $702 |
| Property taxes (1.94% a year) | $172 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $965 |
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Questions about home buying in Steuben
What is the median home value in Steuben?
About $106,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Steuben?
Homeowners pay a median $2,063 a year, which is about 1.94% 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 Steuben?
For the median home with 20% down at 7.11%, the payment is about $788 a month. Keeping that under 28% of gross income takes about $33,780 a year.
More about Steuben
- Mortgage Refinance in Steuben
- Debt Relief in Steuben
- Home Equity Loans in Steuben
- 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