Mortgage Calculator & Closing Costs: Two Rivers, WI
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Two Rivers, Wisconsin.
Median Home Price
$145K
Population
11K
Avg Monthly Rent
$750
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 Two Rivers.
Two Rivers vs Wisconsin Median
The median home price in Two Rivers is $145,000, which is 48% below the Wisconsin state median of $280,000.
Mortgage Calculator — Two Rivers, WI
Pre-filled with Two Rivers median home price and Wisconsin tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $145K home using Wisconsin's 1.76% tax rate and $1,300/yr insurance.
5% Down
$1,272/mo
Down: $7,250
Loan: $138K
P&I: $871
Tax: $213
Insurance: $108
PMI: $80
10% Down
$1,222/mo
Down: $14,500
Loan: $131K
P&I: $825
Tax: $213
Insurance: $108
PMI: $76
20% Down (No PMI)
$1,054/mo
Down: $29,000
Loan: $116K
P&I: $733
Tax: $213
Insurance: $108
Income needed (28% rule): $45K/year with 20% down, $52K/year with 10% down.
Rent vs Buy in Two Rivers
Rent
$750/mo
vs
Buy (10% down)
$1,222/mo
Price-to-rent ratio: 16.1 — A ratio between 15-20 means the rent vs buy decision in Two Rivers 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 Two Rivers is $145,000, 48% below the Wisconsin state median of $280,000. With a population of 11,271, Two Rivers 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 $145,000 home in Two Rivers would carry roughly $213/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 Two Rivers is $750/month. The price-to-rent ratio in Two Rivers is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Two Rivers 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 Two Rivers.