Housing in Commonwealth

A typical Commonwealth home is worth roughly $161,000

Home prices around Commonwealth have risen about 38% over the past 5 years.

Typical home value

$161K

▼ 10.8% in a year · WI $340K

Estimate

2-bedroom rent

$1,120

a month, utilities in · HUD

Median tax bill

$1,879

WI $3,792

What kind of housing town is Commonwealth?

Read from the numbers below. The page puts what stands out first.

Prices coolingDown 10.8% in a year.Your money goes further53% below the Wisconsin typical home.A second-home town41% of homes are seasonal or vacation homes.A town of owners96% of households own their home.

★ What stands out · Price trend

Home prices up 38% in 5 years

The federal house price index for the ZIP code around Commonwealth rose 38% over the past 5 years, slower than across Wisconsin (57%). Last year prices fell 11%.

Commonwealth areaWisconsin

−11%

past year

+38%

past 5 years

+60%

past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Commonwealth, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Affordability

A typical home costs 2.7 years of income

Less than across Wisconsin (4.4 years). Try your own numbers below.

You could afford about

$229,000

Typical Commonwealth home $161K

That covers a typical Commonwealth home, with $68K to spare.

The typical home, each month

$1,000

Loan $800Tax $160Insurance $50

A two-bedroom rents for about $1,120 a month here, $120 more than owning.

Where your budget reaches nearby

Florence$234K Homestead$180K Aurora$163K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Commonwealth’s typical property tax (1.17% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

96% of Commonwealth households own their home

Half of Commonwealth’s homes were built before 1982.

Owners and renters

Own 96%Rent 4%

Wisconsin: 68% own.

1982

typical home built · WI 1975

$1,879

median property tax bill · WI $3,792

1.17%

of a home’s value, a year in tax · WI 1.42%

41%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $1,120

Fair Market Rent a month, utilities included

Studio$790

1 bedroom$850

2 bedrooms$1,120

3 bedrooms$1,380

4 bedrooms$1,540

of households rent · WI 32%

renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Florence County, WI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Commonwealth vs. its neighbors

Commonwealth is the least expensive of 4 neighboring towns. Tap one to see its housing page.

Florence$234K Homestead$180K Aurora$163K Commonwealth$161K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Commonwealth	$161K*	−10.8%†	$1,120	$60,515
Florence	$234K	+5.1%	$1,110	$58,832
Fern	—	−10.8%†	$1,120	$83,510
Homestead	$180K*	−10.5%†	$1,110	$69,750
Aurora	$163K*	+20.1%†	$1,070	$78,935

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Commonwealth buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Commonwealth still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.