Look how high the Wisconsin Housing Affordability Index is! The index is calculated on the relationship between median home price, median family income and average effective mortgage interest rate. The higher the index, the stronger household purchasing power.
An index of 100 is defined as the point where a median-income household has exactly enough income to qualify for the purchase of a median-priced home, assuming a 20% downpayment and 25% of gross income devoted to mortgage interest and principal payments.
Wisconsin Housing Affordability Index is 291
Talk to a Wisconsin real estate agent today about your homebuying needs. Get preapproved for a mortgage so you are ready to move quickly when you find that just right home! There are some great homes on the market in Wisconsin, though our inventory of homes for sale is down right now. See what is available at firstweber.com.