How Much House Can I Afford in Wisconsin?
Find out how much house you can afford in Wisconsin with 1.85% property tax. Uses 28/36 rule with Wisconsin-specific data.
How This Calculator Works
Calculation methodology and assumptions
Calculates home affordability in Wisconsin using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Wisconsin's effective property tax rate of 1.85% and average home insurance of $1,380/year. Median home price in Wisconsin: $260,000.
Key State Information
Wisconsin housing market: Median home price $260,000 | Property tax rate 1.85% | Avg home insurance $1,380/yr | Median household income $67,125. Home prices are moderate relative to income.
Frequently Asked Questions
How much house can I afford on the median income in Wisconsin?
With Wisconsin's median household income of $67,125 and a 10% down payment, you can typically afford a home priced around $234,938-$302,063 depending on debts and interest rates. The median home in Wisconsin costs $260,000.
What is the property tax rate in Wisconsin?
Wisconsin's effective property tax rate is 1.85%. On a $260,000 home, that's approximately $4,810/year or $401/month.
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