2026 data · 1.63% property tax · Median home $231,200
Wisconsin Mortgage Calculator
A median-priced home in Wisconsin ($231,200) costs roughly $1,641 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Wisconsin's effective property tax rate is 1.63% — well above the US average of about 1.0%.
Wisconsin median-home monthly payment
$1,641/mo
P&I $1,231 · Tax $314 · Insurance $96
@ $231,200 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Wisconsin
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $272 | $83 | $1,419 |
| $231,200 (state median) | $46,240 | $1,231 | $314 | $96 | $1,641 |
| $300,000 | $60,000 | $1,597 | $408 | $125 | $2,129 |
| $400,000 | $80,000 | $2,129 | $543 | $167 | $2,839 |
| $500,000 | $100,000 | $2,661 | $679 | $208 | $3,549 |
| $750,000 | $150,000 | $3,992 | $1,019 | $313 | $5,323 |
Calculations use Wisconsin's 1.63% effective property tax rate, estimated homeowners insurance at 0.50%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Wisconsin property tax
Effective rate
1.63%
Median home value
$231,200
Median property tax
$3,796/yr
Wisconsin has above-average property tax rates. School Levy Tax Credit reduces tax on primary residences. Lottery and Gaming Credit provides additional relief for primary residences.
See our property tax calculator for a state-by-state property tax breakdown, and our Wisconsin paycheck calculator to estimate take-home pay against this monthly housing cost.
Wisconsin vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Wisconsin (this page) | 1.63% | $231,200 | $3,796 | |
| Minnesota | 1.01% | $299,600 | $3,024 | Minnesota mortgage → |
| Michigan | 1.33% | $210,100 | $2,754 | Michigan mortgage → |
| Illinois | 1.97% | $240,100 | $4,942 | Illinois mortgage → |
| Iowa | 1.40% | $185,100 | $2,650 | Iowa mortgage → |
FAQs about Wisconsin mortgages
What is the property tax rate in Wisconsin?
Wisconsin's effective property tax rate is 1.63%, meaning the average homeowner pays roughly 1.63% of their home's value in property tax annually. On a $231,200 home (the state median), that's about $3,796 per year, or $316 per month added to your mortgage payment.
What is the average monthly mortgage payment in Wisconsin?
For a home at Wisconsin's median value of $231,200, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Wisconsin's 1.63% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,641. This includes $1,231 principal & interest, $314 property tax, and $96 homeowners insurance.
How much income do I need to buy a house in Wisconsin?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $70,329 to comfortably afford Wisconsin's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $45,795 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Wisconsin a good state to buy a house?
Wisconsin's combination of 1.63% property tax (well above the national average of ~1.0%) and median home value of $231,200 make it one of the more affordable states for homeowners. Wisconsin has above-average property tax rates.
How does Wisconsin property tax compare to neighboring states?
Wisconsin's 1.63% rate compares to: Minnesota at 1.01%, Michigan at 1.33%, Illinois at 1.97%, Iowa at 1.40%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Wisconsin have a homestead exemption?
Wisconsin offers various property tax relief programs. Wisconsin has above-average property tax rates. School Levy Tax Credit reduces tax on primary residences. Lottery and Gaming Credit provides additional relief for primary residences. Check with your county assessor for primary-residence exemptions and senior/disabled programs that may reduce your annual property tax bill.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Wisconsin mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,231, Property Tax $314, Homeowners Insurance $96. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.