The typical owner-occupied home in Minocqua is worth about $475,900, 79% above the Wisconsin median of $266,500 and 43% above the national median of $332,700. Owners pay a median $2,365 a year in property taxes, about 0.50% of their home's value, lower than the Wisconsin rate of 1.42%. The median household earns $41,436 a year, so the median home costs 11.5 times the median income (3.4 times for Wisconsin). 45% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Minocqua at a glance
| Minocqua | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $475,900 | $266,500 | $332,700 |
| Median property tax paid per year | $2,365 | $3,792 | $3,119 |
| Property tax as a share of value | 0.50% | 1.42% | 0.94% |
| Median household income | $41,436 | $77,485 | $80,734 |
| Homes lived in by their owners | 45% | 68% | 65% |
| Owner homes with a mortgage | 46% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,424 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 24.5% | 19.5% | 21.0% |
| Median rent | $741 | $1,087 | $1,413 |
| Rent as a share of renters' income | 32.7% | 27.2% | 30.6% |
| Median year homes were built | 1981 | 1975 | 1980 |
| Vacant homes | 23.9% | 10.8% | 10.1% |
| Population | 497 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Minocqua
At this week's average 30-year rate of 7.11%, buying the median Minocqua home of $475,900 with 20% down costs about $2,958 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,750, 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 $126,759 for the 20%-down payment. That payment is 86% of the median Minocqua household income of $41,436; at that income and 20% down, the 28% guideline points to a home of about $156,000.
The median rent here is $741 a month, so owning the median home costs about $2,217 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $95,180 |
|---|---|
| Loan amount | $380,720 |
| Principal and interest | $2,561 |
| Property taxes (0.50% a year) | $198 |
| Homeowners insurance (our estimate, 0.5% a year) | $198 |
| PMI | $0 |
| Total per month | $2,958 |
Change the numbers in the calculator
| Down payment | $16,656 |
|---|---|
| Loan amount | $467,280 |
| Principal and interest | $3,143 |
| Property taxes (0.50% a year) | $198 |
| Homeowners insurance (our estimate, 0.5% a year) | $198 |
| FHA mortgage insurance | $210 |
| Total per month | $3,750 |
Change the numbers in the calculator
Questions about home buying in Minocqua
What is the median home value in Minocqua?
About $475,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Minocqua?
Homeowners pay a median $2,365 a year, which is about 0.50% 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 Minocqua?
For the median home with 20% down at 7.11%, the payment is about $2,958 a month. Keeping that under 28% of gross income takes about $126,759 a year.
More about Minocqua
- Mortgage Refinance in Minocqua
- Debt Relief in Minocqua
- Home Equity Loans in Minocqua
- 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