The typical owner-occupied home in Taylor is worth about $117,500, 56% below the Wisconsin median of $266,500 and 65% below the national median of $332,700. Owners pay a median $1,714 a year in property taxes, about 1.46% of their home's value, close to the Wisconsin rate of 1.42%. The median household earns $59,531 a year, so the median home costs 2.0 times the median income (3.4 times for Wisconsin). 66% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Taylor at a glance
| Taylor | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $117,500 | $266,500 | $332,700 |
| Median property tax paid per year | $1,714 | $3,792 | $3,119 |
| Property tax as a share of value | 1.46% | 1.42% | 0.94% |
| Median household income | $59,531 | $77,485 | $80,734 |
| Homes lived in by their owners | 66% | 68% | 65% |
| Owner homes with a mortgage | 66% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,045 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 20.5% | 19.5% | 21.0% |
| Median rent | $879 | $1,087 | $1,413 |
| Rent as a share of renters' income | 23.4% | 27.2% | 30.6% |
| Median year homes were built | 1974 | 1975 | 1980 |
| Vacant homes | 17.5% | 10.8% | 10.1% |
| Population | 328 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Taylor
At this week's average 30-year rate of 7.11%, buying the median Taylor home of $117,500 with 20% down costs about $824 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,020, 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 $35,325 for the 20%-down payment. That payment is 17% of the median Taylor household income of $59,531; at that income and 20% down, the 28% guideline points to a home of about $198,000.
The median rent here is $879 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,500 |
|---|---|
| Loan amount | $94,000 |
| Principal and interest | $632 |
| Property taxes (1.46% a year) | $143 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $824 |
Change the numbers in the calculator
| Down payment | $4,112 |
|---|---|
| Loan amount | $115,372 |
| Principal and interest | $776 |
| Property taxes (1.46% a year) | $143 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $1,020 |
Change the numbers in the calculator
Questions about home buying in Taylor
What is the median home value in Taylor?
About $117,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Taylor?
Homeowners pay a median $1,714 a year, which is about 1.46% 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 Taylor?
For the median home with 20% down at 7.11%, the payment is about $824 a month. Keeping that under 28% of gross income takes about $35,325 a year.
More about Taylor
- Mortgage Refinance in Taylor
- Debt Relief in Taylor
- Home Equity Loans in Taylor
- 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