The typical owner-occupied home in South Wayne is worth about $130,600, 51% below the Wisconsin median of $266,500 and 61% below the national median of $332,700. Owners pay a median $2,237 a year in property taxes, about 1.71% of their home's value, higher than the Wisconsin rate of 1.42%. The median household earns $75,139 a year, so the median home costs 1.7 times the median income (3.4 times for Wisconsin). 77% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
South Wayne at a glance
| South Wayne | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $130,600 | $266,500 | $332,700 |
| Median property tax paid per year | $2,237 | $3,792 | $3,119 |
| Property tax as a share of value | 1.71% | 1.42% | 0.94% |
| Median household income | $75,139 | $77,485 | $80,734 |
| Homes lived in by their owners | 77% | 68% | 65% |
| Owner homes with a mortgage | 64% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,218 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 13.9% | 19.5% | 21.0% |
| Median rent | $788 | $1,087 | $1,413 |
| Rent as a share of renters' income | 28.0% | 27.2% | 30.6% |
| Median year homes were built | 1955 | 1975 | 1980 |
| Vacant homes | 4.4% | 10.8% | 10.1% |
| Population | 441 | 5,914,872 | 334,922,499 |
What a typical home costs per month in South Wayne
At this week's average 30-year rate of 7.11%, buying the median South Wayne home of $130,600 with 20% down costs about $943 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,161, 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 $40,430 for the 20%-down payment. That payment is 15% of the median South Wayne household income of $75,139; at that income and 20% down, the 28% guideline points to a home of about $243,000.
The median rent here is $788 a month, so owning the median home costs about $155 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $26,120 |
|---|---|
| Loan amount | $104,480 |
| Principal and interest | $703 |
| Property taxes (1.71% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| PMI | $0 |
| Total per month | $943 |
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| Down payment | $4,571 |
|---|---|
| Loan amount | $128,235 |
| Principal and interest | $863 |
| Property taxes (1.71% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| FHA mortgage insurance | $58 |
| Total per month | $1,161 |
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Questions about home buying in South Wayne
What is the median home value in South Wayne?
About $130,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Wayne?
Homeowners pay a median $2,237 a year, which is about 1.71% 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 South Wayne?
For the median home with 20% down at 7.11%, the payment is about $943 a month. Keeping that under 28% of gross income takes about $40,430 a year.
More about South Wayne
- Mortgage Refinance in South Wayne
- Debt Relief in South Wayne
- Home Equity Loans in South Wayne
- 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