The typical owner-occupied home in Laona is worth about $128,100, 52% below the Wisconsin median of $266,500 and 61% below the national median of $332,700. Owners pay a median $1,930 a year in property taxes, about 1.51% of their home's value, higher than the Wisconsin rate of 1.42%. The median household earns $53,261 a year, so the median home costs 2.4 times the median income (3.4 times for Wisconsin). 73% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Laona at a glance
| Laona | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $128,100 | $266,500 | $332,700 |
| Median property tax paid per year | $1,930 | $3,792 | $3,119 |
| Property tax as a share of value | 1.51% | 1.42% | 0.94% |
| Median household income | $53,261 | $77,485 | $80,734 |
| Homes lived in by their owners | 73% | 68% | 65% |
| Owner homes with a mortgage | 70% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,324 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 30.0% | 19.5% | 21.0% |
| Median rent | $556 | $1,087 | $1,413 |
| Rent as a share of renters' income | 12.8% | 27.2% | 30.6% |
| Median year homes were built | 1960 | 1975 | 1980 |
| Vacant homes | 4.4% | 10.8% | 10.1% |
| Population | 631 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Laona
At this week's average 30-year rate of 7.11%, buying the median Laona home of $128,100 with 20% down costs about $904 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,117, 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 $38,741 for the 20%-down payment. That payment is 20% of the median Laona household income of $53,261; at that income and 20% down, the 28% guideline points to a home of about $176,000.
The median rent here is $556 a month, so owning the median home costs about $348 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $25,620 |
|---|---|
| Loan amount | $102,480 |
| Principal and interest | $689 |
| Property taxes (1.51% a year) | $161 |
| Homeowners insurance (our estimate, 0.5% a year) | $53 |
| PMI | $0 |
| Total per month | $904 |
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| Down payment | $4,484 |
|---|---|
| Loan amount | $125,780 |
| Principal and interest | $846 |
| Property taxes (1.51% a year) | $161 |
| Homeowners insurance (our estimate, 0.5% a year) | $53 |
| FHA mortgage insurance | $57 |
| Total per month | $1,117 |
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Questions about home buying in Laona
What is the median home value in Laona?
About $128,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Laona?
Homeowners pay a median $1,930 a year, which is about 1.51% 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 Laona?
For the median home with 20% down at 7.11%, the payment is about $904 a month. Keeping that under 28% of gross income takes about $38,741 a year.
More about Laona
- Mortgage Refinance in Laona
- Debt Relief in Laona
- Home Equity Loans in Laona
- 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