Current home values in Wisconsin

Home values have been rising throughout Wisconsin and are up 6.6% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $349,156, Realtor says.

Real estate agents say would-be homebuyers in some parts of the country are starting to overcome the obstacles caused by COVID-19 and are going virtual house hunting to take advantage of today's bargain mortgage rates and the low monthly house payments they provide.

Here's how that works in Wisconsin: Let's say you want to buy a mid-priced home using a 30-year fixed-rate mortgage at the current average interest, which is a low 3.33%, according to mortgage company Freddie Mac.

A 30-year mortgage for a $349,156 home at 3.33% would give a typical Wisconsin homebuyer a monthly payment of $1,228, assuming a 20% down payment.

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How the Wisconsin housing market stacks up

Family enjoying a walk outside
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Families can enjoy a fall Wisconsin day on the weekends

The state's median home value is higher than the U.S. median of $248,948, which is up 5.1% from a year ago.

While the coronavirus is expected to continue hanging over the U.S. economy like a dark cloud, Zillow forecasts that U.S. home values will rise 5.1% over the next year, while in Wisconsin, they're predicted to rise 1.4%.

Homes right now are going on the market in Wisconsin at a median price of $134 per square foot, versus $134 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
2020* $201,988
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

*2020 price average through March 31, 2020.

Compare current mortgage rates from top national lenders. Get the best rate for your purchase or mortgage refinance.

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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
2020* $334,720
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

*2020 price average through March 31, 2020.

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