The typical owner-occupied home in New Munster is worth about $305,800, 15% above the Wisconsin median of $266,500 and 8% below the national median of $332,700. Owners pay a median $5,102 a year in property taxes, about 1.67% of their home's value, higher than the Wisconsin rate of 1.42%. The median household earns $85,673 a year, so the median home costs 3.6 times the median income (3.4 times for Wisconsin). 100% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
New Munster at a glance
| New Munster | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $305,800 | $266,500 | $332,700 |
| Median property tax paid per year | $5,102 | $3,792 | $3,119 |
| Property tax as a share of value | 1.67% | 1.42% | 0.94% |
| Median household income | $85,673 | $77,485 | $80,734 |
| Homes lived in by their owners | 100% | 68% | 65% |
| Owner homes with a mortgage | 51% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 28.9% | 19.5% | 21.0% |
| Median rent | – | $1,087 | $1,413 |
| Median year homes were built | 1947 | 1975 | 1980 |
| Vacant homes | 34.3% | 10.8% | 10.1% |
| Population | 234 | 5,914,872 | 334,922,499 |
What a typical home costs per month in New Munster
At this week's average 30-year rate of 7.11%, buying the median New Munster home of $305,800 with 20% down costs about $2,199 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,708, 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 $94,230 for the 20%-down payment. That payment is 31% of the median New Munster household income of $85,673; at that income and 20% down, the 28% guideline points to a home of about $278,000.
| Down payment | $61,160 |
|---|---|
| Loan amount | $244,640 |
| Principal and interest | $1,646 |
| Property taxes (1.67% a year) | $426 |
| Homeowners insurance (our estimate, 0.5% a year) | $127 |
| PMI | $0 |
| Total per month | $2,199 |
Change the numbers in the calculator
| Down payment | $10,703 |
|---|---|
| Loan amount | $300,261 |
| Principal and interest | $2,020 |
| Property taxes (1.67% a year) | $426 |
| Homeowners insurance (our estimate, 0.5% a year) | $127 |
| FHA mortgage insurance | $135 |
| Total per month | $2,708 |
Change the numbers in the calculator
Questions about home buying in New Munster
What is the median home value in New Munster?
About $305,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in New Munster?
Homeowners pay a median $5,102 a year, which is about 1.67% 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 New Munster?
For the median home with 20% down at 7.11%, the payment is about $2,199 a month. Keeping that under 28% of gross income takes about $94,230 a year.
More about New Munster
- Mortgage Refinance in New Munster
- Debt Relief in New Munster
- Home Equity Loans in New Munster
- 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