Mortgage Rates in Wisconsin Rapids, Wisconsin — March 2026
Updated March 2026 | Based on Wisconsin Rapids market data and regional lending conditions
Wisconsin Rapids is a growing city in Wisconsin with a population of 17,545. The current 30-year fixed mortgage rate in Wisconsin Rapids is 6.79%, which is 0.14% above the national average. With a median home price of $203,000 and a 20% down payment of $40,600, homebuyers can expect a monthly principal and interest payment of approximately $1,058.
Current Mortgage Rates in Wisconsin Rapids, WI
Below are the current average mortgage rates available in the Wisconsin Rapids 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 | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.02% | 5.89% | +0.13% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Wisconsin Rapids Housing Market Overview
The Wisconsin Rapids housing market offers relatively affordable housing compared to many major cities. The median household income in Wisconsin Rapids is $57,400, and the cost of living index is 93.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $58,114 to comfortably afford the median-priced home in Wisconsin Rapids, which exceeds the current median household income.
Monthly Payment Breakdown for Wisconsin Rapids
Based on the median home price of $203,000 with 20% down ($40,600), here is what you can expect to pay monthly in Wisconsin Rapids:
15-Year vs. 30-Year Mortgage in Wisconsin Rapids
Choosing a 15-year mortgage in Wisconsin Rapids at 6.02% instead of a 30-year at 6.79% would save you $133,920 in total interest over the life of the loan. However, your monthly payment would be $1,372 instead of $1,058 — an increase of $314 per month.
Calculate Your Wisconsin Rapids Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Wisconsin Rapids
What are the current mortgage rates in Wisconsin Rapids, WI?
As of March 2026, the average 30-year fixed mortgage rate in Wisconsin Rapids, Wisconsin is 6.79%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Wisconsin Rapids?
Based on the median home price of $203,000 with 20% down, the estimated monthly mortgage payment in Wisconsin Rapids is $1,058 for principal and interest. Including property taxes of $298/month, the total monthly housing cost is approximately $1,356.
What income do I need to buy a home in Wisconsin Rapids?
Using the 28% rule, you would need an annual income of approximately $58,114 to afford the median-priced home in Wisconsin Rapids at $203,000. The median household income in Wisconsin Rapids is $57,400. This means most households would need to either earn above the median or consider homes below $203,000.
Is Wisconsin Rapids a good place to buy a home in 2026?
Wisconsin Rapids offers a below-average cost of living with a cost of living index of 93.2 (national average = 100). The property tax rate in Wisconsin is 1.76%, which is above the national average. Wisconsin Rapids has a population of 17,545 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 Wisconsin Rapids, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.