Wausau, WI

Rent vs buy in Wausau

Median home $205,500. A 1 bedrooms rents for $778 a month. Ownership is modelled at 20% down, 6.5% APR, property tax and upkeep.

Rent · 1 bedrooms: $778; per month
Own the median home: $1,486; P&I, tax, insurance, upkeep
Owning costs extra: $708; per month, same metro

What a purchase actually costs

20% down payment$41,100
Mortgage at 6.5%$1,039
Property tax (1.51% of value)$259/mo · $3,103/yr
Insurance and upkeep (1.1%/yr)$188
Total monthly ownership$1,486

Months of leftover to save the down payment

At $2,978 left over a month, it takes about 14 months (1.2 years) to save $41,100 if every leftover dollar goes to the down payment — which it won't.

Rent is asking rent for a new lease. Home value is the Census ACS median. The mortgage is a 30-year fixed at 6.5% with 20% down — a yardstick, not a quote. Not housing or lending advice.