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Mortgage Rates in Wisconsin

Kimberly Rotter
By: Kimberly Rotter

Our Mortgages Expert

Nathan Alderman
Check IconFact Checked Nathan Alderman

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House-hunting in Wisconsin can be more affordable if you search for the best mortgage rates for your credit profile. That can save you tens of thousands of dollars over the lifetime of your loan. As you start your search to compare mortgage lenders, check out some of Wisconsin's most affordable places to live.

5 affordable places to live in Wisconsin

Just because Wisconsin charges some of the highest property taxes in the U.S. (according to doesn't mean you can't find a home within your budget. There are plenty of affordable places to settle down in the state, including the following five.

1. Two Rivers

With a population of 11,154, Two Rivers is on Lake Michigan, and has plenty of parks and nightlife options. Plus, the community enjoys beach access at Point Beach State Park. It's 14th on Niche's list of places with the lowest cost of living in Wisconsin. Over two-thirds of residents are homeowners, probably because the median home value is $94,300, much lower than the national median of $217,500. This could make up for the fact that property taxes in Manitowoc County, which includes Two Rivers, is one of the highest in the country at 1.9% of the property's fair assessed market value.

2. Marinette

Marinette is just south of the Menominee River, offering its 10,608 residents picturesque views of Lake Michigan and outdoor activities during the warmer months. To the north is Stephenson Island, part of which is preserved as a park. About 62% of residents own their homes, with a median home value of $86,400. Another reason Marinette is considered one of the most affordable places to live in the state: Property taxes are 1.46%, below the state average of 1.76%.

3. Manitowoc

Manitowoc is known as "Maritime Capital" and is another city on Lake Michigan, south of Two Rivers. There are plenty of waterfront activities like fishing, as well as two maritime museums for history buffs. Around two-thirds of residents are homeowners, and many residents are young professionals or retirees. The median home value is $107,100, much lower than the national median. However, Manitowoc property taxes are some of the highest in the state at 1.9%. Granted, you do get a lot in this city, including parks, cultural activities, and an active nightlife scene.

4. Sheboygan

Known for its bratwurst and cheese, Sheboygan is the largest city on our list, with a population of 48,327. There's plenty to like about this city, including the highly rated schools and an abundance of amenities such as parks, restaurants, and nightlife. Plus if you like surfing, there's a reason this city is nicknamed as the "Malibu of the Midwest." Although the median home value is the highest in our list at $114,500, 60% of residents are homeowners. The property tax rate in Sheboygan County is also one of the highest in Wisconsin at 1.9%.

5. Wisconsin Rapids

Located along the Wisconsin River, this city has a population of 17,770 and offers plenty of sporting activities, a nightlife scene, and parks. It's also known as cranberry county, so you'll see many activities and businesses dedicated to this fruit. Many of Wisconsin Rapids' residents are families and retirees, and over half of them own their homes. Although property taxes are relatively high at 1.78% in Wood County, the median home value is $91,100, lower than in many parts of the U.S.

Settling in America's Dairyland offers plenty of affordable housing choices, even if property taxes are some of the highest in the country. To make monthly mortgage payments even more affordable, stay well within your housing budget and shop around for the most competitive mortgage rates.

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The Ascent's best mortgage lenders

If you want to uncover more about the best mortgage lenders for low rates and fees, our experts have created a shortlist of the top mortgage companies. Some of our experts have even used these lenders themselves to cut their costs.

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