Housing decision brief
Monroe County, WI Housing Market
Monroe County screens as a below-state purchase price, rent that needs comparison, a higher tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
27th lowest home value out of 72 Wisconsin counties with data | 44th lowest rent out of 72
Median home value
$197,200
Purchase-price signal from Census ACS.
Median rent
$920/mo
Gross rent, including utilities where reported.
Monthly owner cost
$965/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
2.9x
Median home value divided by local household income.
Rent burden
25.0%
Below 30% usually screens as less pressured.
Rent vs own
$45/mo
Median rent screens below owner cost.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower purchase price
$197,200 median home value is 6% below Wisconsin county median
Rent burden below pressure line
25.00% of renter income goes to rent, below the 30% burden threshold.
What to Check
Lower income base
$68,213 median income is 4% below Wisconsin county median
Tax rate needs attention
1.42% effective property-tax rate is 42% above Wisconsin county median
Water quality cross-check
Water quality grade is F. Review water data before treating housing cost as the full story.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Buyers comparing homes to local incomes
- Remote earners or cash buyers looking below the state price line
Poor Fit For
- Households dependent on a deep local wage market
- Buyers focused only on purchase price and ignoring annual property tax
- Buyers who will not investigate local water systems before moving
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Monroe County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $197,200 | $209,350 | $281,900 | 6% favorable6% below Wisconsin county median |
Median gross rent Lower usually helps affordability. | $920 | $860 | $1,163 | 7% pressure7% above Wisconsin county median |
Monthly owner cost Lower usually helps affordability. | $965 | $1,027 | $1,672 | 6% favorable6% below Wisconsin county median |
Median household income | $68,213 | $70,947 | $74,755 | Near state median4% below Wisconsin county median |
Effective property-tax rate Lower usually helps affordability. | 1.42% | 1.00% | 1.02% | 42% pressure42% above Wisconsin county median |
Rent burden Lower usually helps affordability. | 25.00% | 25.00% | N/A | Near state median25.00% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$31,413
Median income minus rent threshold.
Owner cushion
+$26,856
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Monroe County offers affordable rental housing at a median of $920/month , about 16.2% of the typical household income here.
Rent vs own
The median rent in Monroe County is $920/month, while owner costs run $965/month. Renting saves approximately $45/month.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,800/year. For owner costs at the 28% rule, the required income is roughly $41,357/year. With a median household income of $68,213, most households can comfortably afford rent here. Notably, 25.0% of renter households in Monroe County are cost-burdened, spending more than 30% of income on housing.
Regional context
Monroe County sits 6% more expensive than Oneida County ($868/month) in terms of median gross rent.
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Trempealeau County, WI | $203,300 | $887/mo | Same-state comparison near $203,300 home value and $887/mo rent. |
| Douglas County, WI | $190,400 | $903/mo | Same-state comparison near $190,400 home value and $903/mo rent. |
| Buffalo County, WI | $197,600 | $822/mo | Same-state comparison near $197,600 home value and $822/mo rent. |
| Winnebago County, WI | $208,600 | $924/mo | Same-state comparison near $208,600 home value and $924/mo rent. |
| Barron County, WI | $198,300 | $859/mo | Same-state comparison near $198,300 home value and $859/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Monroe County
Is Monroe County affordable for buying a home?
Is renting or owning cheaper in Monroe County?
How much income do you need for housing in Monroe County?
What should I double-check before moving to Monroe County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.