Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Michigan and Wisconsin. Updated for 2026.
Metric
Michigan
Wisconsin
Median Home Price
$240K
$280K
Property Tax Rate
1.54%
1.76%
Avg Closing Costs
$4K
$4K
Closing Cost %
1.5%
1.4%
Transfer Tax
0.86%
0.3%
Homeowners Insurance
$1,800/yr
$1,300/yr
First-Time Buyer Program
MSHDA DPA
Up to $7,500 DPA
WHEDA First-Time Advantage
Up to $3,050 Easy Close grant
Verdict
Michigan and Wisconsin are evenly matched across major housing cost categories. Your decision may come down to other factors like job market, climate, or lifestyle preferences. Use the calculators below to model your specific scenario.