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.

How the Wisconsin housing market stacks up

Family enjoying a walk outside
David Prahl / Shutterstock
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.

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.

About the Author

Doug Whiteman

Doug Whiteman

Editor-in-Chief

Doug Whiteman is the editor-in-chief of MoneyWise. He has been quoted by The Wall Street Journal, USA Today and CNBC.com and has been interviewed on Fox Business, CBS Radio and the syndicated TV show "First Business."

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