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Monona

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

Median Home$415,237
Median Rent$1,268/month
Population8,571
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services20% healthcare
Home Value Growth⬆⬆+18.5% over 2 years
Retirees21% of residentsnear the national average
Homeowners60% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableHighly Educated33% bachelor's · 16% graduate · top 5% nationally
Monona
WI

Frequently Asked Questions

What are today's mortgage rates in Monona?

As of today, the 30-year fixed mortgage rate for Monona is approximately 6.862% (6.897% 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 Monona?

The median home value in Monona is $415k. The median monthly rent is $1,268. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Monona?

Home values in Monona have increased 18.5% over the past two years. This indicates a strong appreciation trend. 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 Monona?

Based on a typical all-in ownership cost of $1,508/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Monona is $101k/year.

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What industries drive the economy in Monona?

The largest employment sectors in Monona are public administration (25%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.