The typical owner-occupied home in Waunakee is worth about $515,900, 94% above the Wisconsin median of $266,500 and 55% above the national median of $332,700. Owners pay a median $7,899 a year in property taxes, about 1.53% of their home's value, higher than the Wisconsin rate of 1.42%. The median household earns $125,220 a year, so the median home costs 4.1 times the median income (3.4 times for Wisconsin). 77% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Waunakee at a glance
| Waunakee | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $515,900 | $266,500 | $332,700 |
| Median property tax paid per year | $7,899 | $3,792 | $3,119 |
| Property tax as a share of value | 1.53% | 1.42% | 0.94% |
| Median household income | $125,220 | $77,485 | $80,734 |
| Homes lived in by their owners | 77% | 68% | 65% |
| Owner homes with a mortgage | 76% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,735 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 19.5% | 21.0% |
| Median rent | $1,324 | $1,087 | $1,413 |
| Rent as a share of renters' income | 24.3% | 27.2% | 30.6% |
| Median year homes were built | 1998 | 1975 | 1980 |
| Vacant homes | 4.1% | 10.8% | 10.1% |
| Population | 15,687 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Waunakee
At this week's average 30-year rate of 7.11%, buying the median Waunakee home of $515,900 with 20% down costs about $3,649 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,509, 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 $156,391 for the 20%-down payment. That payment is 35% of the median Waunakee household income of $125,220; at that income and 20% down, the 28% guideline points to a home of about $413,000.
The median rent here is $1,324 a month, so owning the median home costs about $2,325 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $103,180 |
|---|---|
| Loan amount | $412,720 |
| Principal and interest | $2,776 |
| Property taxes (1.53% a year) | $658 |
| Homeowners insurance (our estimate, 0.5% a year) | $215 |
| PMI | $0 |
| Total per month | $3,649 |
Change the numbers in the calculator
| Down payment | $18,056 |
|---|---|
| Loan amount | $506,556 |
| Principal and interest | $3,408 |
| Property taxes (1.53% a year) | $658 |
| Homeowners insurance (our estimate, 0.5% a year) | $215 |
| FHA mortgage insurance | $228 |
| Total per month | $4,509 |
Change the numbers in the calculator
Questions about home buying in Waunakee
What is the median home value in Waunakee?
About $515,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waunakee?
Homeowners pay a median $7,899 a year, which is about 1.53% 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 Waunakee?
For the median home with 20% down at 7.11%, the payment is about $3,649 a month. Keeping that under 28% of gross income takes about $156,391 a year.
More about Waunakee
- Mortgage Refinance in Waunakee
- Debt Relief in Waunakee
- Home Equity Loans in Waunakee
- 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