Wisconsin house prices are among the fastest growing in the country, according to the latest figures from the U.S. Federal Housing Finance Agency. The Badger State experienced a 9.9% increase in the FHFA House Price Index between April 2023 and April 2024.
The only states that saw larger price increases were Vermont, New Jersey, New York, and Delaware. The national average increase was 6.6%.
According to commentary included in the May 2024 Home Sales Report from the Wisconsin Realtors Association, housing affordability is at an “all-time low.”
“This is a tough environment for buyers given the high mortgage rates and limited supply of available homes on the market. We have tracked Wisconsin’s affordability level since 2009, and unfortunately affordability hit its all-time low point in May.”
— Tom Larson, WRA President & CEO
Of course, where you live plays an important role in how much housing prices have climbed. In Wisconsin, the median price of a home varies significantly from county to county.
