Find Real Estate Listings In Cottage Grove


Open House Listings In Cottage Grove

New Listings In Cottage Grove

Real Estate Listings In Cottage Grove

Cottage Grove Real Estate Market Facts

  • $257,400Median home price
    54% higher than Wisconsin
  • $1,006Median rent asked
    28% higher than Wisconsin
  • 78.1%Home owners
    17% higher than Wisconsin
  • 3.0People per home
    29% higher than Wisconsin
Above, you will see a summary of real estate in Cottage Grove, WI. On average, homes in Cottage Grove, WI cost $257,400, a value that is 54% higher than the average in Wisconsin. In general terms, this results in Cottage Grove, WI real estate being less affordable than Wisconsin real estate. On average, people who rent houses in Cottage Grove, WI pay $1,006; this value is 28% higher than the average amount renters pay in Wisconsin. 78.1% of Cottage Grove, WI residents own their own homes and, on average, each of the homes has 3.0 occupants. Cottage Grove, WI real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Cottage Grove, WI is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Cottage Grove Home Affordability

  • $257,400Median home price
    54% higher than Wisconsin
  • $87,386Median home income
    60% higher than Wisconsin
  • 2.9xHome price to income ratio
    4% lower than Wisconsin
It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Cottage Grove, WI. To estimate home affordability, one method is to use the ratio of home price to median household income. The Cottage Grove, WI’s median home price stands at $257,400 while $87,386 is the value of the average household income. The resulting home price to income ratio, which is 2.9x, differs from the Wisconsin average as the ratio is 4% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Cottage Grove, WI are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Cottage Grove, WI.

Cottage Grove Affordability Calculator

Include PMI
You can afford a home up to:
Debt-to-income ratio
Monthly income breakdown
  • Monthly income
  • Monthly payment
  • Debt payment
  • Income taxes
  • Remainder
Are you looking for real estate in Cottage Grove, WI? Be careful not to purchase a home outside of your budget. A home affordability calculator lets you input your income, down payment, and debts to figure out how much you can afford to spend on your new home. If you know further information, such as mortgage term and rate or insurance, taxes, and HOA dues, you can input that as well to get a better estimate of the total cost. The calculator will show you the maximum amount you can afford to spend on a home. With that number in mind, you can start looking for a home in Cottage Grove, WI and avoid homes that don’t fit in your budget to guard yourself from an emotional, yet costly, decision. Thanks to the home affordability calculator, you can also create a stronger budget plan. Once you know your housing costs, you can figure out how much money you should spend and how much money you can save.

Cottage Grove Mortgage Calculator

Your monthly payment will be:
Monthly payment breakdown
  • Monthly payment
  • Mortgage
  • PMI fees
  • Property tax
  • Home insurance
  • HOA dues
What will I pay monthly if I buy real estate in Cottage Grove, WI? Determining the monthly payment amount of a home is based on a number of different factors. Obviously, the most significant variable is the overall price of the house, but there are also other considerations to make such as homeowners insurance, the interest rate, amount of the down payment, property taxes, private mortgage insurance (PMI), and even home owner's association dues. A great way to eliminate the PMI is by paying 20% of the cost of the house as a down payment. The mortgage calculator is filled out with default values for these variables, but they can be reset to give you a more accurate payment amount. The best rule when it comes to house payments is that you want to keep your debt to income ratio at no more than 36%. This means paying no more than 36% of your monthly income on your housse and all other debt payments.

Cottage Grove Demographics

  • 6,729Population
  • 1,741People / sq mile
  • 34.0Median age
  • 1.0:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Waterloo, WI3,341$138,80025%
Marshall, WI3,934$156,20015%
Lake Mills, WI5,796$169,2008%
Stoughton, WI13,041$182,4001%
Cambridge, WI1,179$186,3001%
Cottage Grove, WI6,729$257,40039%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Gypsum, CO6,729$300,60063%
Hempstead, TX6,727$98,20047%
Notre Dame, IN6,724$0100%
Nolensville, TN6,724$341,40085%
Grove, OK6,724$150,70018%
Cottage Grove, WI6,729$257,40039%
Source: The Cottage Grove, WI housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).