The typical owner-occupied home in Menomonie is worth about $220,800, 17% below the Wisconsin median of $266,500 and 34% below the national median of $332,700. Owners pay a median $3,616 a year in property taxes, about 1.64% of their home's value, higher than the Wisconsin rate of 1.42%. The median household earns $56,889 a year, so the median home costs 3.9 times the median income (3.4 times for Wisconsin). 40% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Menomonie at a glance
| Menomonie | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $220,800 | $266,500 | $332,700 |
| Median property tax paid per year | $3,616 | $3,792 | $3,119 |
| Property tax as a share of value | 1.64% | 1.42% | 0.94% |
| Median household income | $56,889 | $77,485 | $80,734 |
| Homes lived in by their owners | 40% | 68% | 65% |
| Owner homes with a mortgage | 61% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,441 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 17.6% | 19.5% | 21.0% |
| Median rent | $970 | $1,087 | $1,413 |
| Rent as a share of renters' income | 27.0% | 27.2% | 30.6% |
| Median year homes were built | 1985 | 1975 | 1980 |
| Vacant homes | 7.2% | 10.8% | 10.1% |
| Population | 16,539 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Menomonie
At this week's average 30-year rate of 7.11%, buying the median Menomonie home of $220,800 with 20% down costs about $1,582 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,950, 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 $67,801 for the 20%-down payment. That payment is 33% of the median Menomonie household income of $56,889; at that income and 20% down, the 28% guideline points to a home of about $185,000.
The median rent here is $970 a month, so owning the median home costs about $612 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $44,160 |
|---|---|
| Loan amount | $176,640 |
| Principal and interest | $1,188 |
| Property taxes (1.64% a year) | $302 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| PMI | $0 |
| Total per month | $1,582 |
Change the numbers in the calculator
| Down payment | $7,728 |
|---|---|
| Loan amount | $216,801 |
| Principal and interest | $1,458 |
| Property taxes (1.64% a year) | $302 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| FHA mortgage insurance | $98 |
| Total per month | $1,950 |
Change the numbers in the calculator
Questions about home buying in Menomonie
What is the median home value in Menomonie?
About $220,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Menomonie?
Homeowners pay a median $3,616 a year, which is about 1.64% 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 Menomonie?
For the median home with 20% down at 7.11%, the payment is about $1,582 a month. Keeping that under 28% of gross income takes about $67,801 a year.
More about Menomonie
- Mortgage Refinance in Menomonie
- Debt Relief in Menomonie
- Home Equity Loans in Menomonie
- 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