Mortgage Rates in River Falls, Wisconsin — March 2026
Updated March 2026 | Based on River Falls market data and regional lending conditions
River Falls is a growing city in Wisconsin with a population of 16,159. The current 30-year fixed mortgage rate in River Falls is 6.75%, which is 0.1% above the national average. With a median home price of $204,000 and a 20% down payment of $40,800, homebuyers can expect a monthly principal and interest payment of approximately $1,059.
Current Mortgage Rates in River Falls, WI
Below are the current average mortgage rates available in the River Falls 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 | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7% | 6.85% | +0.15% |
River Falls Housing Market Overview
The River Falls housing market offers relatively affordable housing compared to many major cities. The median household income in River Falls is $60,800, and the cost of living index is 87.3 (national average = 100). Based on the 28% affordability rule, the median income in River Falls is sufficient to afford the median-priced home.
Monthly Payment Breakdown for River Falls
Based on the median home price of $204,000 with 20% down ($40,800), here is what you can expect to pay monthly in River Falls:
15-Year vs. 30-Year Mortgage in River Falls
Choosing a 15-year mortgage in River Falls at 5.99% instead of a 30-year at 6.75% would save you $133,560 in total interest over the life of the loan. However, your monthly payment would be $1,376 instead of $1,059 — an increase of $317 per month.
Calculate Your River Falls 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 River Falls
What are the current mortgage rates in River Falls, WI?
As of March 2026, the average 30-year fixed mortgage rate in River Falls, Wisconsin is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in River Falls?
Based on the median home price of $204,000 with 20% down, the estimated monthly mortgage payment in River Falls is $1,059 for principal and interest. Including property taxes of $306/month, the total monthly housing cost is approximately $1,365.
What income do I need to buy a home in River Falls?
Using the 28% rule, you would need an annual income of approximately $58,500 to afford the median-priced home in River Falls at $204,000. The median household income in River Falls is $60,800. The median income is currently sufficient to meet this threshold.
Is River Falls a good place to buy a home in 2026?
River Falls offers a below-average cost of living with a cost of living index of 87.3 (national average = 100). The property tax rate in Wisconsin is 1.8%, which is above the national average. River Falls has a population of 16,159 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 River Falls, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.