Wisconsin offers affordable home prices with a statewide median near $335,000, but buyers should be aware that the state carries one of the higher property tax rates in the country at 1.73% — significantly above the national average. Madison, anchored by the University of Wisconsin and a booming tech sector, has become one of the most competitive housing markets in the Midwest. Milwaukee offers urban affordability well below the national average, while Green Bay and other Wisconsin cities provide solid mid-market value.
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Select a program to apply FHA/VA/USDA rules.
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Principal & Interest • Tax • Insurance • PMI • HOA
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Note: This is an estimate. Tax timing, exemptions, and escrow rules vary by county and lender. Always verify with your county assessor and your lender’s escrow analysis.
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Disclaimer: Results shown are estimates for educational purposes only and do not constitute financial, tax, legal, or investment advice. Actual payments vary based on lender, credit score, loan type, and local assessments. Consult a licensed mortgage professional for your specific situation.
Wisconsin Mortgage Calculator Guide
Buying a home in Wisconsin requires understanding local costs. The median home price in the state sits around $335,000, which means your down payment and loan amount will heavily dictate your monthly expenses. Because Wisconsin has an average property tax rate of 1.73%, factoring this into your monthly mortgage payment is essential for an accurate budget.
Beyond principal and interest, homeowners insurance in Wisconsin averages $1,600 per year. Local weather risks and property age can push this number higher. By using our pre-loaded local averages, you get a realistic view of your true housing costs rather than just a basic principal calculation.
If you put down less than 20%, you will also need to pay Private Mortgage Insurance (PMI). Adjust the down payment field above to see exactly how your PMI drops off once you reach that 20% equity threshold in Wisconsin.
Wisconsin's average property tax rate of 1.73% is well above the national average of 1.07%. This elevated rate is a critical factor to incorporate into monthly budget calculations for Wisconsin homebuyers. The state does offer a Homestead Credit for low-income homeowners that provides a tax credit based on the excess of property taxes over a threshold percentage of household income. On a $335,000 home, annual property taxes average approximately $5,796 — a significant component of monthly housing costs that buyers must factor in carefully.
Frequently Asked Questions
Wisconsin's average property tax rate is 1.73%, significantly above the national average of 1.07%. On a $335,000 home, annual taxes average approximately $5,796 — adding nearly $483 per month to housing costs. This is the most important factor to include in Wisconsin mortgage budget calculations.
Wisconsin's statewide median is approximately $335,000. Madison exceeds $415,000 driven by university and tech sector demand, Milwaukee averages near $235,000, and Green Bay is approximately $285,000. Wisconsin saw one of the highest appreciation rates in the country in 2024 at 13.3%.
The Wisconsin Housing and Economic Development Authority (WHEDA) offers the Advantage Conventional Loan with competitive rates, the Easy Close DPA program providing up to $6,000 in down payment assistance, and a Veterans Advantage Loan with additional benefits for qualifying service members. Income and purchase price limits apply.
Madison combines a major research university (University of Wisconsin), Epic Systems — one of the largest private employers in the state with 12,000+ employees — and a growing startup ecosystem in a small geographic footprint surrounded by lakes that limits developable land. This creates intense demand against constrained supply, driving prices and competition well above what a city of Madison's size would normally command.
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