What are average mortgage rates in Wisconsin in 2026?

Mortgage rates in Wisconsin generally track national averages. As of 2026, expect 30-year fixed rates from 5.5% to 7.5% for good credit borrowers. Use CalcDeck's Wisconsin mortgage calculator to model your payment at current rates.

How much are closing costs in Wisconsin?

Closing costs in Wisconsin typically range from 2% to 5% of purchase price, including lender fees, title insurance, and prepaid items. Use CalcDeck's Wisconsin mortgage calculator to include closing costs in your calculation.

What are property tax rates in Wisconsin?

Property tax rates in Wisconsin range from 0.3% to 2.5% of assessed value. CalcDeck's Wisconsin calculator includes property tax in your PITI payment.

What first-time homebuyer programs exist in Wisconsin?

Wisconsin offers down payment assistance, favorable-rate mortgages, and tax credits through state agencies. Use CalcDeck's Wisconsin calculator to see how programs affect your payment.

How do I use the CalcDeck Wisconsin mortgage calculator?

Enter home price, down payment, interest rate, and loan term. Adjust property tax and insurance to match Wisconsin averages. Get instant monthly payment, total interest, and amortization schedule.

Wisconsin Mortgage Calculator

Median home prices, property taxes, and monthly payment estimates for Wisconsin homeowners.

Wisconsin at a Glance

Median Home Price: $278,000
Property Tax Rate: 1.62%
Median Household Income: $72,302
Annual Property Tax: $4,504

Sources: Zillow ZHVI (2024), Tax Foundation (2023), US Census ACS (2023)

Monthly Mortgage Payment in Wisconsin

Based on the Wisconsin median home price of $278,000 at 6.7% interest (30-year fixed):

Payment Breakdown	20% Down	5% Down
Loan Amount	$222,400	$264,100
Principal and Interest	$1,435	$1,704
Property Tax (WI)	$375	$375
Homeowners Insurance	$125	$125
PMI	$0	$110
Total Monthly	$1,935	$2,315

How Much House Can You Afford in Wisconsin?

Using the 28/36 rule (housing costs under 28% of gross income):

With 20% down, you need ~$82,946/year to afford Wisconsin's median home
With 5% down, you need ~$99,194/year
Wisconsin's median household income is $72,302

Wisconsin insight: Wisconsin has a high property tax rate of 1.62% — among the highest in the US.

Wisconsin Housing Market Overview

Wisconsin's housing market is stable and affordable. The statewide median of $278,000 reflects Milwaukee at $195,000, Madison $385,000, Green Bay $235,000, and Kenosha $285,000. Inventory is at 3.0 months. The median household income of $72,302 yields a price-to-income ratio of 3.8. The effective property tax rate of 1.62% is high, costing $4,504/year on a median home—Wisconsin's tax burden is among the highest in the Midwest. Manufacturing and agriculture anchor the economy, while Madison's tech sector (Epic, Exact Sciences) drives demand. Winter heating costs ($2,000–$3,500/year) are a significant factor.

First-Time Homebuyer Programs in Wisconsin

The Wisconsin Housing and Economic Development Authority (WHEDA) offers the Advantage program, providing 30-year fixed-rate FHA, VA, USDA, or conventional mortgages with down payment assistance up to $7,500 as a 0% deferred second mortgage. The Capital Access program offers a below-market rate with a reduced down payment requirement. WHEDA also administers the Mortgage Credit Certificate (MCC) program, providing a 25% federal tax credit on mortgage interest—among the highest MCC rates in the U.S. Local programs include Milwaukee's Homeownership Assistance Program ($5,000 grants) and Madison's Affordable Housing Fund ($10,000). Income limits: Dane County caps at $92,000 for a two-person household; rural counties cap at $72,000.

Tips for Homebuyers in Wisconsin

1) Wisconsin's 1.62% property tax is high—~$375/month on a median home—so verify actual tax bills before buying. 2) Winter heating costs are significant; verify furnace efficiency and insulation, and budget $2,000–$3,500/year. 3) Madison is competitive for homes under $400,000; expect multiple offers. 4) Buy in fall/winter for less competition and 3–5% price reductions. 5) Radon is elevated throughout Wisconsin; always test and budget $800–$1,500 for mitigation. 6) Basements are standard in Wisconsin homes; verify sump pump function and check for water intrusion during spring thaw.

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Wisconsin Mortgage FAQ

What is the median home price in Wisconsin?

The median home price in Wisconsin is approximately $278,000 as of 2024 (Zillow ZHVI). Your actual price will vary by city and neighborhood.

What is the property tax rate in Wisconsin?

The effective property tax rate in Wisconsin is approximately 1.62% (Tax Foundation). On a $278,000 home, that is about $4,504/year in property taxes.

How much income do I need to buy a home in Wisconsin?

Using the 28/36 rule with 20% down at 6.7%, you would need about $82,946/year to afford the median Wisconsin home at $278,000. With 5% down (including PMI), about $99,194.

What will my monthly mortgage payment be in Wisconsin?

On Wisconsin's median home price of $278,000 with 20% down at 6.7%, your total monthly payment (P and I plus tax plus insurance) is approximately $1,935. With 5% down including PMI, about $2,315.

Data sources: Zillow ZHVI typical home values (2024), Tax Foundation effective property tax rates (2023), US Census Bureau ACS median household income (2023). Mortgage rate assumption: 6.7% APR 30-year fixed. This is an estimate — use our calculator for personalized numbers.