Mortgage Rates in Mequon, Wisconsin — March 2026
Updated March 2026 | Based on Mequon market data and regional lending conditions
Mequon is a growing city in Wisconsin with a population of 24,082. The current 30-year fixed mortgage rate in Mequon is 6.81%, which is 0.16% above the national average. With a median home price of $234,000 and a 20% down payment of $46,800, homebuyers can expect a monthly principal and interest payment of approximately $1,222.
Current Mortgage Rates in Mequon, WI
Below are the current average mortgage rates available in the Mequon area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.81% | 6.65% | +0.16% |
| 15-Year Fixed | 6.04% | 5.89% | +0.15% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.06% | 6.85% | +0.21% |
Mequon Housing Market Overview
The Mequon housing market offers relatively affordable housing compared to many major cities. The median household income in Mequon is $65,200, and the cost of living index is 86.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $67,929 to comfortably afford the median-priced home in Mequon, which exceeds the current median household income.
Monthly Payment Breakdown for Mequon
Based on the median home price of $234,000 with 20% down ($46,800), here is what you can expect to pay monthly in Mequon:
15-Year vs. 30-Year Mortgage in Mequon
Choosing a 15-year mortgage in Mequon at 6.04% instead of a 30-year at 6.81% would save you $154,800 in total interest over the life of the loan. However, your monthly payment would be $1,584 instead of $1,222 — an increase of $362 per month.
Calculate Your Mequon Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Mequon
What are the current mortgage rates in Mequon, WI?
As of March 2026, the average 30-year fixed mortgage rate in Mequon, Wisconsin is 6.81%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in Mequon?
Based on the median home price of $234,000 with 20% down, the estimated monthly mortgage payment in Mequon is $1,222 for principal and interest. Including property taxes of $363/month, the total monthly housing cost is approximately $1,585.
What income do I need to buy a home in Mequon?
Using the 28% rule, you would need an annual income of approximately $67,929 to afford the median-priced home in Mequon at $234,000. The median household income in Mequon is $65,200. This means most households would need to either earn above the median or consider homes below $234,000.
Is Mequon a good place to buy a home in 2026?
Mequon offers a below-average cost of living with a cost of living index of 86.3 (national average = 100). The property tax rate in Wisconsin is 1.86%, which is above the national average. Mequon has a population of 24,082 and offers a very affordable lifestyle.
Mortgage Rates in Other Wisconsin Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Mequon, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.