CALCMONEY // HOME AFFORDABILITY // WI
Find out how much home you can afford in Wisconsin using local median home prices, current mortgage rates, and WI-specific property tax data.
Open Full Calculator$343,798
$2,307/mo
$247,709
$98,878/yr
| Median Home Price | $343,798 |
| Down Payment (20%) | $68,760 |
| Loan Amount | $275,038 |
| Monthly PI Payment | $1,786 |
| Monthly Property Tax | $378 |
| Monthly Insurance Est. | $143 |
| Total Monthly PITI | $2,307 |
| Required Gross Income (28% rule) | $98,878/yr |
| Max Affordable Price (28% rule) | $247,709 |
$12,033
$2,910/mo
Wisconsin Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $343,798 | State median |
| Down Payment (20%) | $68,760 | Conventional |
| Monthly PITI (median home) | $2,307 | 6.76% rate |
| Required Income (28% rule) | $98,878 | Annual gross |
| Max Affordable Home | $247,709 | Based on median income |
| FHA Down Payment (3.5%) | $12,033 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in Wisconsin is $343,798, with a current 30-year fixed mortgage rate of 6.76%. A buyer putting 20% down on the median home would carry a loan of $275,038, resulting in a monthly principal and interest payment of $1,786. Once property taxes and insurance are added, total monthly housing costs reach $2,307.
Property taxes in Wisconsin average 1.32%, near the national average of 1.1%. On the median Wisconsin home, property taxes add $378/month to total housing costs.
Wisconsin levies a state income tax of 3.5%–7.65%, which affects take-home pay and therefore what you can realistically budget for housing. Mortgage interest may be deductible on both federal and Wisconsin state returns — consult a tax professional for your situation.
Using the 28% rule, a household earning Wisconsin's median income of $77,488/year can afford up to $1,808/month in total housing costs (principal, interest, taxes, and insurance). Based on Wisconsin's current mortgage rate of 6.76% and property tax rate of 1.32%, that translates to a maximum affordable home price of approximately $247,709 with 20% down on a 30-year loan.
To comfortably afford the median Wisconsin home priced at $343,798, you need an annual gross income of approximately $98,878. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $1,786, property taxes of $378, and insurance of $143) come to $2,307/month, which should not exceed 28% of your gross monthly income.
Wisconsin's average property tax rate is 1.32%, which is above the national average of 1.1%. On the median Wisconsin home of $343,798, that means annual property taxes of $4,538, or $378/month. Because lenders include property taxes in your debt-to-income calculation, Wisconsin's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median Wisconsin home of $343,798, that is $12,033. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($68,760 on the median Wisconsin home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no Wisconsin-specific minimum down payment requirements beyond federal guidelines.