Mortgage Rates in Pewaukee, Wisconsin — March 2026
Updated March 2026 | Based on Pewaukee market data and regional lending conditions
Pewaukee is a growing city in Wisconsin with a population of 14,614. The current 30-year fixed mortgage rate in Pewaukee is 6.61%, which is 0.04% below the national average. With a median home price of $223,000 and a 20% down payment of $44,600, homebuyers can expect a monthly principal and interest payment of approximately $1,141.
Current Mortgage Rates in Pewaukee, WI
Below are the current average mortgage rates available in the Pewaukee 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Pewaukee Housing Market Overview
The Pewaukee housing market offers relatively affordable housing compared to many major cities. The median household income in Pewaukee is $64,800, and the cost of living index is 85.5 (national average = 100). Based on the 28% affordability rule, the median income in Pewaukee is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Pewaukee
Based on the median home price of $223,000 with 20% down ($44,600), here is what you can expect to pay monthly in Pewaukee:
15-Year vs. 30-Year Mortgage in Pewaukee
Choosing a 15-year mortgage in Pewaukee at 5.88% instead of a 30-year at 6.61% would save you $141,840 in total interest over the life of the loan. However, your monthly payment would be $1,494 instead of $1,141 — an increase of $353 per month.
Calculate Your Pewaukee Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Pewaukee
What are the current mortgage rates in Pewaukee, WI?
As of March 2026, the average 30-year fixed mortgage rate in Pewaukee, Wisconsin is 6.61%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Pewaukee?
Based on the median home price of $223,000 with 20% down, the estimated monthly mortgage payment in Pewaukee is $1,141 for principal and interest. Including property taxes of $316/month, the total monthly housing cost is approximately $1,457.
What income do I need to buy a home in Pewaukee?
Using the 28% rule, you would need an annual income of approximately $62,443 to afford the median-priced home in Pewaukee at $223,000. The median household income in Pewaukee is $64,800. The median income is currently sufficient to meet this threshold.
Is Pewaukee a good place to buy a home in 2026?
Pewaukee offers a below-average cost of living with a cost of living index of 85.5 (national average = 100). The property tax rate in Wisconsin is 1.7%, which is above the national average. Pewaukee has a population of 14,614 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 Pewaukee, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.