Mortgage Calculator & Closing Costs: Marshfield, WI
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Marshfield, Wisconsin.
Median Home Price
$185K
Population
19K
Avg Monthly Rent
$850
Property Tax Rate
1.76% *
* Property tax shown is the Wisconsin state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Marshfield.
Marshfield vs Wisconsin Median
The median home price in Marshfield is $185,000, which is 34% below the Wisconsin state median of $280,000.
Mortgage Calculator — Marshfield, WI
Pre-filled with Marshfield median home price and Wisconsin tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $185K home using Wisconsin's 1.76% tax rate and $1,300/yr insurance.
5% Down
$1,593/mo
Down: $9,250
Loan: $176K
P&I: $1,111
Tax: $271
Insurance: $108
PMI: $103
10% Down
$1,529/mo
Down: $18,500
Loan: $167K
P&I: $1,052
Tax: $271
Insurance: $108
PMI: $97
20% Down (No PMI)
$1,315/mo
Down: $37,000
Loan: $148K
P&I: $935
Tax: $271
Insurance: $108
Income needed (28% rule): $56K/year with 20% down, $66K/year with 10% down.
Rent vs Buy in Marshfield
Rent
$850/mo
vs
Buy (10% down)
$1,529/mo
Price-to-rent ratio: 18.1 — A ratio between 15-20 means the rent vs buy decision in Marshfield depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Marshfield is $185,000, 34% below the Wisconsin state median of $280,000. With a population of 18,726, Marshfield is a smaller market where home prices tend to be more accessible than in many parts of Wisconsin.
Property taxes in Wisconsin average 1.76% annually. This higher-than-average tax rate means a $185,000 home in Marshfield would carry roughly $271/month in property taxes alone — plan accordingly. Homeowners insurance in Wisconsin runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Marshfield is $850/month. The price-to-rent ratio in Marshfield is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Marshfield offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Wisconsin's WHEDA First-Time Advantage program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Marshfield.