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Burnett County, WI

Rent vs Own in Burnett County, Wisconsin

HUD prices a 2-bedroom in Burnett County at $974/mo while the ownership stack lands near $1,415/mo. That mid-sized gap is large enough that rate or down-payment tweaks usually cannot close it alone. Owner-occupied homes: 6,171.

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Renting is cheaper in Burnett County

A 2-bedroom rental here runs $974/mo, meaningfully below the $1,415/mo ownership stack on the default assumptions. That is a $441/mo difference.

Based on 20% down, 6.5% rate, 30-year mortgage. Adjust below.

What This Data Tells Us About Renting vs Owning in Burnett County

Primary driver

Renting wins by a mid-sized monthly gap

Burnett County lists a $231,300 median home with $2,140/yr property tax (0.93%). HUD's $974/mo 2-bedroom rent undercuts the ~$1,415/mo ownership stack by a mid-range margin of about $441/mo. Closing that gap usually takes more than a cosmetic rate tweak, price, tax load, or both.

Decision signal 2

The county sits near the state middle

Using the assumptions above, Burnett County ranks 51 of 72 Wisconsin counties for buy-vs-rent value (rank 1 = the best relative deal for buying). It sits ahead of 21 other Wisconsin counties on this measure.

Decision signal 3

Price and income sit in the middle band

Median household income is $62,819, for a 3.7x home-price-to-income ratio in the middle of the national distribution; property tax takes 3.4% of that income. Small changes in down payment or rate move this county across the rent-vs-own line more than they would in a high-ratio market.

Decision signal 4

HUD moved the rent benchmark down

HUD cut its 2-bedroom Fair Market Rent for Burnett County from $976/mo in FY2025 to $974/mo in FY2026: it decreased by $2/mo (-0.2%). A falling benchmark narrows the case for buying here, and it usually reflects HUD re-estimating the local market rather than existing rents being cut.

Methodology & disclaimer

This calculator is for informational purposes only and is not tax, legal, or financial advice. Property tax figures come from the U.S. Census Bureau ACS 5-Year Estimates and rent figures come from HUD Fair Market Rents; both describe area medians, not individual transactions. Insurance is estimated at 0.35% of home value annually and closing costs, maintenance, HOA, and PMI are not included. Consult a licensed mortgage, tax, or real-estate professional before making a buy-or-rent decision based on these numbers.

Monthly Cost Breakdown

Estimated Monthly Ownership
$1,415
Mortgage (P&I) $1,170
Property Tax $178
Insurance (est.) $67
Monthly Rent (2-BR FMR)
$974
Studio$691
1-Bedroom$742
2-Bedroom$974
3-Bedroom$1,168
4-Bedroom$1,469

Adjust Your Scenario

Affordability Context

Median Household Income
$62,819
$5,235/mo
Home Price / Income
3.7x
Moderate (3-5x)
Tax-to-Income Ratio
3.4%
National benchmark: 2-4%

Who actually pays it here

Even with the loan gone, the largest group of Burnett County owners still owes $3,000 or more every year - a recurring holding cost of a few hundred dollars a month, which is why "paid off" understates the real cost of keeping property here.

Burnett County matches the national pattern: six-figure earners between $100,000 and $200,000 account for more of these write-offs than any other local group.

With ownership already mid-range more expensive than rent month-to-month, that annual bill reinforces why cash-flow renters stay put unless they are deliberately buying for tenure rather than monthly savings.

Bill bands are Census ACS counts of owner-occupied homes without a mortgage. Income brackets are IRS Statistics of Income county data for tax year 2022, counted over FILERS reporting real-estate taxes on Schedule A, which is a smaller group than homeowners: most filers take the standard deduction.

Nearby Counties

Milwaukee County
Home: $230,700 Tax: $4,444/yr
Dane County
Home: $394,800 Tax: $6,420/yr
Waukesha County
Home: $398,200 Tax: $4,554/yr
Brown County
Home: $266,000 Tax: $3,663/yr
Racine County
Home: $251,400 Tax: $4,099/yr
Outagamie County
Home: $267,300 Tax: $3,668/yr

Frequently Asked Questions

Is it cheaper to rent or buy in Burnett County, Wisconsin? ▼
Renting the HUD 2-bedroom is the clearer monthly path in Burnett County by roughly $441/mo under default loan assumptions. Closing a gap this size usually needs a meaningfully lower price or rate, not a cosmetic tweak.
What is the average rent in Burnett County? ▼
HUD prices a 2-bedroom unit at $974/mo here. Sizing up matters: going from a studio to a 4-bedroom adds about $778/mo, so the per-bedroom jump is worth checking against your actual space needs before assuming the 2-BR figure applies to your situation.
How much house can you afford in Burnett County? ▼
On the common 3x-income guideline, a $62,819 household here can afford up to $188,457 -- about $42,843 short of this county's $231,300 median home. That gap is typically closed with a larger down payment, dual incomes, or a longer search outside the median price band.
How does Burnett County compare to other Wisconsin counties for renting vs buying? ▼
Out of 72 Wisconsin counties ranked here on buy-vs-rent value, Burnett County lands at spot 51, roughly in the middle of the pack statewide. The <a href="/states/wisconsin">Wisconsin state page</a> lists every peer county's tax bill beside this one.
What is the median home price in Burnett County? ▼
$231,300, per the Census Bureau's ACS 5-Year Estimates. The property tax on that value works out to roughly 0.93% a year, in line with typical rates for the area.
Is rent going up or down in Burnett County? ▼
HUD's 2-bedroom Fair Market Rent figure has fallen 0.2% between the FY2025 and FY2026 publications, the two most recent years tracked here.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from the U.S. Census Bureau (American Community Survey). See our methodology for details. Retrieved and formatted by PlainPropertyTax

Source: U.S. Census Bureau, Government Finances State and local property tax revenue by jurisdiction · 2025

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