Estimate your monthly payment using Wisconsin's average home price of $270,000 and property tax rate of 1.73%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
Wisconsin's housing market in 2026 has a median home price of approximately $270,000, placing it below the national median of around $420,000. Madison home to the University of Wisconsin has a strong tech and government employment base driving consistent housing demand. Whether you're buying your first home in Milwaukee or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in Wisconsin average 1.73% of assessed value annually — a high property tax rate. On a $270,000 home, that translates to roughly $389 per month added to your mortgage payment. Milwaukee, Madison, and Green Bay all fall under Wisconsin's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
Wisconsin Housing and Economic Development Authority (WHEDA) Advantage offers low fixed rates and optional down payment help. Beyond state programs, FHA loans remain popular in Wisconsin requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
Wisconsin has one of the higher property tax burdens in the Midwest making monthly housing costs meaningfully above principal and interest. When shopping for a mortgage in Wisconsin, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $270,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average Wisconsin home of $270,000 puts your estimated total monthly cost at approximately $1,910 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in Wisconsin is approximately $270,000 as of 2026. Prices vary significantly by city and county — Milwaukee tends to be pricier while more rural areas offer lower prices.
Wisconsin has a high property tax rate at 1.73% of assessed value. On a $270,000 home that adds about $389 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
Wisconsin Housing and Economic Development Authority (WHEDA) Advantage offers low fixed rates and optional down payment help. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.