State Guides/Wisconsin
WI

Wisconsin Home Buying Guide

Midwest Region · Non-Judicial Foreclosure State

Key Facts at a Glance

Median Home Price
$285,000
Property Tax Rate
1.85%
Transfer Tax
0.30%
Attorney Required
No
Foreclosure Type
Non-Judicial

What Makes Wisconsin Unique

High property taxes at 1.85%

WHEDA Easy Close DPA offers 6% of loan amount

Milwaukee and Madison are growing tech and healthcare hubs

First-Time Buyer Programs in Wisconsin

1

WHEDA Advantage Conventional

Contact your state housing finance agency for current eligibility and rates

2

WHEDA FHA Advantage

Contact your state housing finance agency for current eligibility and rates

3

WHEDA Easy Close DPA

Contact your state housing finance agency for current eligibility and rates

Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.

Closing Costs in Wisconsin

1.1%
Avg Closing Costs
of purchase price
$3,135
Estimated Closing Costs
on median-priced home
0.3%
Transfer Tax
may be split with seller

Attorney at Closing

Attorney Not Required

Wisconsin does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.

Local Tips for Wisconsin Buyers

1

High property taxes add $400–$600/month on median home.

2

WHEDA Easy Close DPA is a 10-year deferred loan at 0%.

3

Madison is a competitive university-driven market year-round.

Estimated Annual Ownership Cost in Wisconsin

Based on the median home price of $285,000 with a 10% down payment and 7% mortgage rate.

Annual Mortgage Payment$20,469
Annual Property Taxes$5,273
Homeowners Insurance (est.)$1,425
Maintenance (est. 1%/yr)$2,850

Ready to Calculate Your Numbers?

Use our free calculators to estimate your monthly payment, affordability, and closing costs in Wisconsin.