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Butternut

Learn about the people, housing, costs and businesses in Butternut, Wisconsin

Median Home$124,300
Median Rent$625/month
Population382
Leading IndustriesWholesale Trade · Construction10% wholesale trade
Home Value Growth+5.4% over 2 years
Retirees28% of residentswell above average
Homeowners84% of occupied units
NotableAffordable Market$124k median home · lower cost than 83% of the country
Butternut
WI

Frequently Asked Questions

What are today's mortgage rates in Butternut?

As of today, the 30-year fixed mortgage rate for Butternut is approximately 7.009% (7.049% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Butternut?

The median home value in Butternut is $124k. The median monthly rent is $625. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Butternut?

Home values in Butternut have increased 5.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Butternut?

Based on a typical all-in ownership cost of $719/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Butternut is $61k/year.

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What industries drive the economy in Butternut?

The largest employment sectors in Butternut are public administration (25%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.