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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Install Capital One ShoppingHow the Wisconsin housing market stacks up
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.
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Read MoreHow 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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