The typical owner-occupied home in Menomonee Falls is worth about $368,000, 38% above the Wisconsin median of $266,500 and 11% above the national median of $332,700. Owners pay a median $4,261 a year in property taxes, about 1.16% of their home's value, lower than the Wisconsin rate of 1.42%. The median household earns $100,238 a year, so the median home costs 3.7 times the median income (3.4 times for Wisconsin). 74% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Menomonee Falls at a glance
| Menomonee Falls | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $368,000 | $266,500 | $332,700 |
| Median property tax paid per year | $4,261 | $3,792 | $3,119 |
| Property tax as a share of value | 1.16% | 1.42% | 0.94% |
| Median household income | $100,238 | $77,485 | $80,734 |
| Homes lived in by their owners | 74% | 68% | 65% |
| Owner homes with a mortgage | 69% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,102 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 19.5% | 21.0% |
| Median rent | $1,313 | $1,087 | $1,413 |
| Rent as a share of renters' income | 28.3% | 27.2% | 30.6% |
| Median year homes were built | 1980 | 1975 | 1980 |
| Vacant homes | 4.5% | 10.8% | 10.1% |
| Population | 39,539 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Menomonee Falls
At this week's average 30-year rate of 7.11%, buying the median Menomonee Falls home of $368,000 with 20% down costs about $2,490 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,103, 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 $106,694 for the 20%-down payment. That payment is 30% of the median Menomonee Falls household income of $100,238; at that income and 20% down, the 28% guideline points to a home of about $346,000.
The median rent here is $1,313 a month, so owning the median home costs about $1,177 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $73,600 |
|---|---|
| Loan amount | $294,400 |
| Principal and interest | $1,980 |
| Property taxes (1.16% a year) | $356 |
| Homeowners insurance (our estimate, 0.5% a year) | $153 |
| PMI | $0 |
| Total per month | $2,490 |
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| Down payment | $12,880 |
|---|---|
| Loan amount | $361,335 |
| Principal and interest | $2,431 |
| Property taxes (1.16% a year) | $356 |
| Homeowners insurance (our estimate, 0.5% a year) | $153 |
| FHA mortgage insurance | $163 |
| Total per month | $3,103 |
Change the numbers in the calculator
Questions about home buying in Menomonee Falls
What is the median home value in Menomonee Falls?
About $368,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Menomonee Falls?
Homeowners pay a median $4,261 a year, which is about 1.16% 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 Menomonee Falls?
For the median home with 20% down at 7.11%, the payment is about $2,490 a month. Keeping that under 28% of gross income takes about $106,694 a year.
More about Menomonee Falls
- Mortgage Refinance in Menomonee Falls
- Debt Relief in Menomonee Falls
- Home Equity Loans in Menomonee Falls
- 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