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Refinancing a mortgage in Jump River, Wisconsin

The typical owner-occupied home in Jump River is worth about $99,100, 63% below the Wisconsin median of $266,500 and 70% below the national median of $332,700. Owners pay a median $967 a year in property taxes, about 0.98% of their home's value, lower than the Wisconsin rate of 1.42%. 100% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.

Jump River at a glance

Jump River Wisconsin U.S.
Median home value $99,100 $266,500 $332,700
Median property tax paid per year $967 $3,792 $3,119
Property tax as a share of value 0.98% 1.42% 0.94%
Median household income – $77,485 $80,734
Homes lived in by their owners 100% 68% 65%
Owner homes with a mortgage 36% 61% 61%
Median monthly costs, owners with a mortgage $1,667 $1,689 $1,963
Those costs as a share of the owners' income 9.0% 19.5% 21.0%
Median rent – $1,087 $1,413
Median year homes were built 1965 1975 1980
Vacant homes 26.7% 10.8% 10.1%
Population 43 5,914,872 334,922,499

What refinancing could save in Jump River

Jump River owners with a mortgage pay a median $1,667 a month for their mortgage, taxes, insurance and utilities, about 9.0% of their household income.

Say you owe $59,000, about 60% of the median home value here, on a 30-year loan at 8.11%. Refinancing into a new 30-year loan at this week's average of 7.11% would cut principal and interest from $437 to $397, saving about $41 a month.

Closing costs often run 2% to 5% of the loan. At 3%, about $1,800, the savings would cover the costs in about 45 months, so refinancing pays off if you keep the home longer than that.

A 15-year loan at 6.45% would raise the payment to $512, but you'd pay $50,665 less interest than on the new 30-year loan.

The average 30-year rate is 0.87 percentage points higher than a year ago, when it was 6.24%.

Refinancing a $59,000 balance
Current loan at 8.11%, 30 years$437
New 30-year loan at 7.11%$397
New 15-year loan at 6.45%$512
Monthly savings with the new 30-year loan$41

Principal and interest only; taxes and insurance stay the same.

Change the numbers in the calculator

Questions about mortgage refinance in Jump River

What is the median home value in Jump River?

About $99,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Jump River?

Homeowners pay a median $967 a year, which is about 0.98% of the median home value. Your bill depends on your home's assessed value and local rates.

When does refinancing make sense?

When the monthly savings repay your closing costs before you expect to sell or refinance again. This week's average rates are 7.11% for 30 years and 6.45% for 15 years.

More about Jump River

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