The typical owner-occupied home in Kennan is worth about $72,800, 73% below the Wisconsin median of $266,500 and 78% below the national median of $332,700. Owners pay a median $1,018 a year in property taxes, about 1.40% of their home's value, close to the Wisconsin rate of 1.42%. The median household earns $69,375 a year, so the median home costs 1.0 times the median income (3.4 times for Wisconsin). 92% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
Kennan at a glance
| Kennan | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $72,800 | $266,500 | $332,700 |
| Median property tax paid per year | $1,018 | $3,792 | $3,119 |
| Property tax as a share of value | 1.40% | 1.42% | 0.94% |
| Median household income | $69,375 | $77,485 | $80,734 |
| Homes lived in by their owners | 92% | 68% | 65% |
| Owner homes with a mortgage | 35% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,208 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 16.9% | 19.5% | 21.0% |
| Median rent | – | $1,087 | $1,413 |
| Median year homes were built | 1942 | 1975 | 1980 |
| Vacant homes | 27.4% | 10.8% | 10.1% |
| Population | 112 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Kennan
At this week's average 30-year rate of 7.11%, buying the median Kennan home of $72,800 with 20% down costs about $507 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $628, 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 $21,731 for the 20%-down payment. That payment is 9% of the median Kennan household income of $69,375; at that income and 20% down, the 28% guideline points to a home of about $232,000.
| Down payment | $14,560 |
|---|---|
| Loan amount | $58,240 |
| Principal and interest | $392 |
| Property taxes (1.40% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $507 |
Change the numbers in the calculator
| Down payment | $2,548 |
|---|---|
| Loan amount | $71,481 |
| Principal and interest | $481 |
| Property taxes (1.40% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $628 |
Change the numbers in the calculator
Questions about home buying in Kennan
What is the median home value in Kennan?
About $72,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kennan?
Homeowners pay a median $1,018 a year, which is about 1.40% 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 Kennan?
For the median home with 20% down at 7.11%, the payment is about $507 a month. Keeping that under 28% of gross income takes about $21,731 a year.
More about Kennan
- Mortgage Refinance in Kennan
- Debt Relief in Kennan
- Home Equity Loans in Kennan
- 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