The typical owner-occupied home in Babcock is worth about $61,700, 77% below the Wisconsin median of $266,500 and 81% below the national median of $332,700. Owners pay a median $770 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 $46,250 a year, so the median home costs 1.3 times the median income (3.4 times for Wisconsin). 98% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Babcock at a glance
| Babcock | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $61,700 | $266,500 | $332,700 |
| Median property tax paid per year | $770 | $3,792 | $3,119 |
| Property tax as a share of value | 1.25% | 1.42% | 0.94% |
| Median household income | $46,250 | $77,485 | $80,734 |
| Homes lived in by their owners | 98% | 68% | 65% |
| Owner homes with a mortgage | 39% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 19.5% | 21.0% |
| Median rent | – | $1,087 | $1,413 |
| Median year homes were built | 1960 | 1975 | 1980 |
| Vacant homes | 16.0% | 10.8% | 10.1% |
| Population | 95 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Babcock
At this week's average 30-year rate of 7.11%, buying the median Babcock home of $61,700 with 20% down costs about $422 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $525, 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 $18,087 for the 20%-down payment. That payment is 11% of the median Babcock household income of $46,250; at that income and 20% down, the 28% guideline points to a home of about $158,000.
| Down payment | $12,340 |
|---|---|
| Loan amount | $49,360 |
| Principal and interest | $332 |
| Property taxes (1.25% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $422 |
Change the numbers in the calculator
| Down payment | $2,160 |
|---|---|
| Loan amount | $60,582 |
| Principal and interest | $408 |
| Property taxes (1.25% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $27 |
| Total per month | $525 |
Change the numbers in the calculator
Questions about home buying in Babcock
What is the median home value in Babcock?
About $61,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Babcock?
Homeowners pay a median $770 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 Babcock?
For the median home with 20% down at 7.11%, the payment is about $422 a month. Keeping that under 28% of gross income takes about $18,087 a year.
More about Babcock
- Mortgage Refinance in Babcock
- Debt Relief in Babcock
- Home Equity Loans in Babcock
- 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