How your housing costs change when you relocate. Based on 2026 data with 10% down, 6.5% rate, 30-year fixed.
Your housing costs will decrease by approximately $302 per month ($3,624/year) when you move from Minnesota to Wisconsin.
If you sell your median-priced Minnesota home ($335K) and buy in Wisconsin ($280K):
Your Minnesota equity covers the 20% down payment on a median Wisconsin home with $45K left over. That surplus can cover closing costs, moving expenses, or go into savings.
Over 10 years, this move saves you approximately $36K in housing costs alone.
Your dollar stretches further in Wisconsin. The median home costs 16% less than in Minnesota, which translates to a $55K difference in purchase price. This means a smaller loan, a lower monthly payment, and less total interest paid over the life of your mortgage.
Watch out for Wisconsin's 1.76% property tax rate — that's $1,176 more per year than you're used to in Minnesota (1.12%). Property taxes are often the hidden cost that surprises relocating buyers.
You'll save on insurance moving to Wisconsin: $1,300/year versus $2,100/year in Minnesota. That's $800 less per year in premiums, putting $67 back in your monthly budget.
When you buy in Wisconsin, expect about $4K in closing costs (1.4% of purchase price). This includes a 0.3% transfer tax. Budget for this amount on top of your down payment.
Wisconsin's WHEDA First-Time Advantage offers Up to $3,050 Easy Close grant. If you haven't owned a home in three years (or are buying in Wisconsin for the first time), you may qualify. Check eligibility requirements and income limits on Wisconsin's housing finance agency website.