The typical owner-occupied home in Cottage Grove is worth about $449,700, 69% above the Wisconsin median of $266,500 and 35% above the national median of $332,700. Owners pay a median $7,458 a year in property taxes, about 1.66% of their home's value, higher than the Wisconsin rate of 1.42%. The median household earns $139,313 a year, so the median home costs 3.2 times the median income (3.4 times for Wisconsin). 70% of occupied homes here are lived in by their owners, and 90% of those owners still have a mortgage.
Cottage Grove at a glance
| Cottage Grove | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $449,700 | $266,500 | $332,700 |
| Median property tax paid per year | $7,458 | $3,792 | $3,119 |
| Property tax as a share of value | 1.66% | 1.42% | 0.94% |
| Median household income | $139,313 | $77,485 | $80,734 |
| Homes lived in by their owners | 70% | 68% | 65% |
| Owner homes with a mortgage | 90% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,620 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 19.5% | 21.0% |
| Median rent | $1,531 | $1,087 | $1,413 |
| Rent as a share of renters' income | 23.9% | 27.2% | 30.6% |
| Median year homes were built | 2003 | 1975 | 1980 |
| Vacant homes | 1.0% | 10.8% | 10.1% |
| Population | 8,513 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Cottage Grove
At this week's average 30-year rate of 7.11%, buying the median Cottage Grove home of $449,700 with 20% down costs about $3,230 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,979, 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 $138,411 for the 20%-down payment. That payment is 28% of the median Cottage Grove household income of $139,313; at that income and 20% down, the 28% guideline points to a home of about $453,000.
The median rent here is $1,531 a month, so owning the median home costs about $1,699 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $89,940 |
|---|---|
| Loan amount | $359,760 |
| Principal and interest | $2,420 |
| Property taxes (1.66% a year) | $622 |
| Homeowners insurance (our estimate, 0.5% a year) | $187 |
| PMI | $0 |
| Total per month | $3,230 |
Change the numbers in the calculator
| Down payment | $15,740 |
|---|---|
| Loan amount | $441,555 |
| Principal and interest | $2,970 |
| Property taxes (1.66% a year) | $622 |
| Homeowners insurance (our estimate, 0.5% a year) | $187 |
| FHA mortgage insurance | $199 |
| Total per month | $3,979 |
Change the numbers in the calculator
Questions about home buying in Cottage Grove
What is the median home value in Cottage Grove?
About $449,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cottage Grove?
Homeowners pay a median $7,458 a year, which is about 1.66% 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 Cottage Grove?
For the median home with 20% down at 7.11%, the payment is about $3,230 a month. Keeping that under 28% of gross income takes about $138,411 a year.
More about Cottage Grove
- Mortgage Refinance in Cottage Grove
- Debt Relief in Cottage Grove
- Home Equity Loans in Cottage Grove
- 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