<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=131147930823002&amp;ev=PageView&amp;noscript=1">
Advertising & Editorial Policies

Thanks to low mortgage rates, it's an excellent time to buy or sell a home across the U.S. But what about in Wisconsin?

Is the state's housing market too pricey for buyers? Not-so-great if you've got a home you want to sell? Or just right — for everybody?

Home values provide some answers. They indicate that the market in Wisconsin is heating up, according to Zillow, though you might find vast differences from one city or one corner of the state to the next.

Current home values in Wisconsin

Home values have been rising throughout Wisconsin and are up 5.66% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $190,300, Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.57%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.57% and the median home price for Wisconsin at $190,300, a representative monthly mortgage payment would be $862.

How the Wisconsin housing market stacks up

Skyline of Madison of Wisconsin at sunset viewing from Olin Turville Park. Photo showing the state capital and lake Monona with reflections, Madison, Wisconsin, USA.
Jay Yuan / Shutterstock
Skyline of Madison of Wisconsin at sunset viewing from Olin Turville Park. Photo showing the state capital and lake Monona with reflections, Madison, Wisconsin, USA.

Property values in Wisconsin are high by historical standards and are lower than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in Wisconsin, they're expected to rise 3.67%.

Homes are going on the market in Wisconsin at a median price of $138 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Wisconsin home prices over the last 10 years

Year Avg. Price
2019* $189,463
2018 $180,258
2017 $170,092
2016 $159,767
2015 $151,825
2014 $148,767
2013 $143,067
2012 $140,275
2011 $141,583
2010 $148,717
2009 $152,575

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Wisconsin is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $345,000
2018 $325,000
2017 $305,000
2016 $282,500
2015 $270,000
2014 $265,000
2013 $252,500
2012 $247,500
2011 $255,000
2010 $277,500
2009 $280,000

*2019 price average through August 2019.