The typical owner-occupied home in Readstown is worth about $110,700, 58% below the Wisconsin median of $266,500 and 67% below the national median of $332,700. Owners pay a median $1,388 a year in property taxes, about 1.25% of their home's value, lower than the Wisconsin rate of 1.42%. The median household earns $36,875 a year, so the median home costs 3.0 times the median income (3.4 times for Wisconsin). 64% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Readstown at a glance
| Readstown | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $110,700 | $266,500 | $332,700 |
| Median property tax paid per year | $1,388 | $3,792 | $3,119 |
| Property tax as a share of value | 1.25% | 1.42% | 0.94% |
| Median household income | $36,875 | $77,485 | $80,734 |
| Homes lived in by their owners | 64% | 68% | 65% |
| Owner homes with a mortgage | 52% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,255 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 16.5% | 19.5% | 21.0% |
| Median rent | $671 | $1,087 | $1,413 |
| Rent as a share of renters' income | 28.3% | 27.2% | 30.6% |
| Median year homes were built | 1956 | 1975 | 1980 |
| Vacant homes | 11.7% | 10.8% | 10.1% |
| Population | 381 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Readstown
At this week's average 30-year rate of 7.11%, buying the median Readstown home of $110,700 with 20% down costs about $757 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $942, 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 $32,451 for the 20%-down payment. That payment is 25% of the median Readstown household income of $36,875; at that income and 20% down, the 28% guideline points to a home of about $126,000.
The median rent here is $671 a month, so owning the median home costs about $86 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,140 |
|---|---|
| Loan amount | $88,560 |
| Principal and interest | $596 |
| Property taxes (1.25% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $757 |
Change the numbers in the calculator
| Down payment | $3,874 |
|---|---|
| Loan amount | $108,695 |
| Principal and interest | $731 |
| Property taxes (1.25% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $942 |
Change the numbers in the calculator
Questions about home buying in Readstown
What is the median home value in Readstown?
About $110,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Readstown?
Homeowners pay a median $1,388 a year, which is about 1.25% 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 Readstown?
For the median home with 20% down at 7.11%, the payment is about $757 a month. Keeping that under 28% of gross income takes about $32,451 a year.
More about Readstown
- Mortgage Refinance in Readstown
- Debt Relief in Readstown
- Home Equity Loans in Readstown
- 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