The typical owner-occupied home in Rock Springs is worth about $164,200, 38% below the Wisconsin median of $266,500 and 51% below the national median of $332,700. Owners pay a median $2,442 a year in property taxes, about 1.49% of their home's value, close to the Wisconsin rate of 1.42%. The median household earns $77,250 a year, so the median home costs 2.1 times the median income (3.4 times for Wisconsin). 76% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Rock Springs at a glance
| Rock Springs | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $164,200 | $266,500 | $332,700 |
| Median property tax paid per year | $2,442 | $3,792 | $3,119 |
| Property tax as a share of value | 1.49% | 1.42% | 0.94% |
| Median household income | $77,250 | $77,485 | $80,734 |
| Homes lived in by their owners | 76% | 68% | 65% |
| Owner homes with a mortgage | 73% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,565 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 19.5% | 21.0% |
| Median rent | $1,042 | $1,087 | $1,413 |
| Rent as a share of renters' income | 42.9% | 27.2% | 30.6% |
| Median year homes were built | 1944 | 1975 | 1980 |
| Vacant homes | 4.4% | 10.8% | 10.1% |
| Population | 323 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Rock Springs
At this week's average 30-year rate of 7.11%, buying the median Rock Springs home of $164,200 with 20% down costs about $1,156 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,430, 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 $49,542 for the 20%-down payment. That payment is 18% of the median Rock Springs household income of $77,250; at that income and 20% down, the 28% guideline points to a home of about $256,000.
The median rent here is $1,042 a month, so owning the median home costs about $114 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,840 |
|---|---|
| Loan amount | $131,360 |
| Principal and interest | $884 |
| Property taxes (1.49% a year) | $204 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,156 |
Change the numbers in the calculator
| Down payment | $5,747 |
|---|---|
| Loan amount | $161,226 |
| Principal and interest | $1,085 |
| Property taxes (1.49% a year) | $204 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $73 |
| Total per month | $1,430 |
Change the numbers in the calculator
Questions about home buying in Rock Springs
What is the median home value in Rock Springs?
About $164,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rock Springs?
Homeowners pay a median $2,442 a year, which is about 1.49% 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 Rock Springs?
For the median home with 20% down at 7.11%, the payment is about $1,156 a month. Keeping that under 28% of gross income takes about $49,542 a year.
More about Rock Springs
- Mortgage Refinance in Rock Springs
- Debt Relief in Rock Springs
- Home Equity Loans in Rock Springs
- 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