In Monona, a typical home is worth $427,900 and typical rent is $1,275 a month. Compared with all of Dane County, typical rent is 9% lower and the typical home value is 8% higher.
Typical home value from Zillow, September 2021 to September 2026: from $359,835 to $473,036.
Typical rent
$1,820a month
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Monona is in Dane County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Dane County. See the county
What this place has that others do not, from public data, most unusual first.
1
According to Zillow, in the 12 months to September 2026 the typical home value in Monona rose 1.7%; in Wisconsin, it rose 5.1%.
2
Monona has the 16th lowest homeownership rate of the 156 cities in Wisconsin with more than 5,000 people (54%).
Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data
The homes here
Housing in Monona
What homes there are in Monona, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Monona
Dane County
Wisconsin
United States
Kind of home: Monona and its comparisons
Measure
Monona
Dane County
Wisconsin
United States
Detached house
56%
51%
66%
61%
Attached house
Unreliable estimate
7%
4%
6%
Building of 2 to 4
7%
9%
9%
8%
Apartments (5 or more)
35%
34%
17%
19%
Mobile home
Unreliable estimate
1%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Monona, 6 in 10 homes are single-family detached houses; in Dane County, 5.
Year built
Before 19601960–19791980–19992000–20092010 or later
Monona
Dane County
Wisconsin
United States
Year built: Monona and its comparisons
Measure
Monona
Dane County
Wisconsin
United States
Before 1960
45%
21%
33%
26%
1960–1979
24%
23%
24%
24%
1980–1999
11%
24%
22%
25%
2000–2009
9%
17%
13%
14%
2010 or later
12%
16%
9%
11%
The typical home in Monona was built in 1963, 23 years before the typical one in Dane County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300K12%
$300K–$500K58%
$500K–$750K19%
$750K–$1M5%
$1M or more4%
Value of owner-occupied homes: Monona and its comparisons
Measure
Monona
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
12%
$300K–$500K
58%
$500K–$750K
19%
$750K–$1M
5%
$1M or more
4%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99924%
$1,000–$1,49934%
$1,500–$1,99921%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Monona and its comparisons
Measure
Monona
Under $500
Unreliable estimate
$500–$999
24%
$1,000–$1,499
34%
$1,500–$1,999
21%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,199 a month
Dane County: $2,200 a month
Without a mortgage
$1,034 a month
Dane County: $901 a month
Owners with a mortgage
64%
Dane County: 68%
Owning costs about the same in Monona as in Dane County: with a mortgage, $2,199 a month; without one, $1,034.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Monona+57%
Dane County+49%
Wisconsin+48%
United States+53%
Typical rent
Monona+36%
Dane County+29%
Wisconsin+27%
United States+33%
Typical household income
Monona+18%
Dane County+22%
Wisconsin+26%
United States+29%
Change since 2015–2019: Monona and its comparisons
Measure
Monona
Dane County
Wisconsin
United States
Typical home value
+57%
+49%
+48%
+53%
Typical rent
+36%
+29%
+27%
+33%
Typical household income
+18%
+22%
+26%
+29%
The typical home value in Monona rose 57% since 2015–2019, more than in Dane County (49%).
Since 2015–2019, the typical rent in Monona rose 36%, more than in Dane County (29%).
Housing prices ran ahead of income in Monona: typical income rose 18%, against +57% for home values and +36% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Monona and its comparisons
Measure
Monona
Dane County
Wisconsin
United States
Rental vacancy
Unreliable estimate
2.9%
4.5%
5.5%
Homeowner vacancy
Unreliable estimate
0.4%
0.5%
0.9%
More than one person per room
Unreliable estimate
1.6%
1.7%
3.4%
People per household
2.02
2.21
2.33
2.53
Drive alone
65%
64%
74%
69%
Carpool
7%
6%
7%
9%
Public transit
Unreliable estimate
3%
1%
3%
Walk or bike
Unreliable estimate
7%
3%
3%
Work from home
24%
20%
13%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
10 to 19 minutes
Unreliable estimate
10 to 19 minutes
20 to 29 minutes
Fewer people live in each home here: 2.02 on average, against 2.21 in Dane County.
Working from home is more common in Monona: 24%, against 20% in Dane County.
Do the math
What would you pay each month for a home in Monona?
A typical home costs more than the typical income allows
We start with a typical home in Monona, worth $427,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 52% of the typical household income in Monona, which is $87,773 a year. For that payment to be 28% of income, a household would need to earn about $164,019 a year.
The calculator's FHA and conventional loan limits are those of all of Dane County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Monona. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $14,977 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,827
at 7.18% · 30 years
Loan amount
$420,149
Total interest
$604,496
Paid off in
November 2056
Includes $7,226 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,048 a month
Tight
$2,048 to $2,633 a month
Hard
more than $2,633 a month
Your payment · 52%
Compared with the typical household income in Monona ($87,773 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,846
Property tax
$613
Home insurance
$178
FHA mortgage insurance (MIP)
$189
You need at least $14,977 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,827; principal and interest $2,846.
The city and its county
Monona and Dane County
Monona is in Dane County, Wisconsin. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Monona
Map of Dane County, Wisconsin, with Monona marked. Around it, the neighboring counties.
Monona
Dane County
Other cities with a page
Monona's own numbers
Typical home value
$427,900
Typical monthly rent
$1,275
Typical yearly household income
$87,773
Households that own their home
54%
Effective property tax rate
1.72%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Dane County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,565
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
0.5%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Dane County.
A typical home in Monona is worth $427,900: 8% above the county and 61% above Wisconsin. With the typical household income in Monona ($87,773 a year), a typical home costs 4.9 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Monona4.9 years
Dane4.4 years
Wisconsin3.4 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Dane County
According to FHFA’s house price index, home prices in Dane County rose 93% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Dane County.
Yearly change in FHFA’s price index in Dane County, 2016 to 2025
2016: +5.3% +5.3% 2016
2017: +6.1% +6.1% 2017
2018: +5.6% +5.6% 2018
2019: +3.7% +3.7% 2019
2020: +2.7% +2.7% 2020
2021: +9.5% +9.5% 2021
2022: +14.9% +14.9% 2022
2023: +9.9% +9.9% 2023
2024: +6.7% +6.7% 2024
2025: +4.1% +4.1% 2025
Change in FHFA’s price index in Dane County, Wisconsin and the United States
Period
County
Wisconsin
U.S.
Last year (2025)
+4.1%
+5.4%
+2.9%
5 years (2020–2025)
+54%
+57%
+47%
10 years (2015–2025)
+93%
+96%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Monona next to Dane County, Wisconsin and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Monona$427,900
Dane$394,800
Wisconsin$266,500
United States$332,700
Typical monthly rent
Monona$1,275
Dane$1,398
Wisconsin$1,087
United States$1,413
Typical yearly household income
Monona$87,773
Dane$89,975
Wisconsin$77,485
United States$80,734
See the full table
Monona next to Dane County and Wisconsin
Measure
Monona
Dane County
Wisconsin
U.S.
Typical home value
$427,900 ▲8% above the county
$394,800
$266,500
$332,700
Typical monthly rent
$1,275 ▼9% below the county
$1,398
$1,087
$1,413
Typical yearly household income
$87,773 ▼2% below the county
$89,975
$77,485
$80,734
Households that own their home
54% ▼4 points below the county
57%
68%
65%
Typical yearly property tax
$7,359 ▲15% above the county
$6,420
$3,792
$3,119
Effective property tax rate
1.72% ▲0.09 points above the county
1.63%
1.42%
0.94%
Renters with high rent for their income
48%
48%
44%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Dane County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Monona
For a typical $427,900 home in Monona, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Monona's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,827a month
Least cash to close
Down payment
$14,977
Cash to close
$27,814
Rate
7.18%
Mortgage insurance
FHA MIP · $189
Conventional, 5% down$3,749a month
Down payment
$21,395
Cash to close
$34,232
Rate
7.18%
Mortgage insurance
PMI · $203
Conventional, 20% down, no PMI$3,111a month
Down payment
$85,580
Cash to close
$98,417
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,506a month
Down payment
$64,185
Cash to close
$77,022
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Monona
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,827
$14,977
$420,150
7.18%
FHA MIP · $189
$27,814
580
Conventional, 5% down
$3,749
$21,395
$406,505
7.18%
PMI · $203
$34,232
620*
Conventional, 20% down, no PMI
$3,111
$85,580
$342,320
7.18%
None
$98,417
620*
ITIN, 15% down (example)
$3,506
$64,185
$363,715
8.18%
None
$77,022
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Monona is $1,275 a month: 9% below the county. In Monona, 48% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Dane County, by unit size. To pay the 2-bedroom one ($1,565 a month) without spending more than 30% of your income, you would need to earn $30.10 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Dane County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,196
$23.00
$47,840
1 bedroom
$1,375
$26.44
$55,000
2 bedrooms
$1,565
$30.10
$62,600
3 bedrooms
$2,047
$39.37
$81,880
4 bedrooms
$2,264
$43.54
$90,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Monona
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Monona has 2 ZIP codes with their own.
For 2 bedrooms it is $1,530 in all of them.
None is above the fair market rent for Dane County ($1,565).
Fair market rent by ZIP code and size in Monona, fiscal year 2027.
53713
$1,150
$1,340
$1,530
$2,020
$2,260
53716
$1,150
$1,340
$1,530
$2,020
$2,260
ZIP code2 bd3 bd
53713 $1,530$2,020
53716 $1,530$2,020
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Monona when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 3 HUD-approved agencies with an office in Dane County; 2 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Monona or Dane County. The ones below are statewide in Wisconsin: they work in Monona the same as in the rest of the state.
Wisconsin state agency second mortgage for the down payment: up to 6% of the price, over 10 years with a monthly payment and the same rate as the WHEDA first mortgage.Offered by Wisconsin Housing and Economic Development Authority (WHEDA).
$7,500 loan from the Wisconsin state agency for the down payment and closing costs, over 30 years, at 0% and with no monthly payments, alongside a WHEDA mortgage; limited funds, first come, first served.Offered by Wisconsin Housing and Economic Development Authority (WHEDA).
No legal help resource on our list is for Monona or Dane County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Monona and all of Dane County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Monona?
The typical home value in Monona is $427,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Dane County it is $394,800.
How much does it cost to rent in Monona?
Typical rent in Monona is $1,275 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Dane County is $1,565.
What is the FHA loan limit in Monona?
Monona uses the FHA limit for all of Dane County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Monona?
The typical homeowner in Monona pays $7,359 a year, according to the U.S. Census Bureau. That is 1.72% of the home’s value; in Dane County, the rate is 1.63%.
Where can I find free help to buy or rent in Monona?
There are 3 HUD-approved counseling agencies with an office in Dane County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
