Mortgage Rates in Manitowoc, Wisconsin — March 2026
Updated March 2026 | Based on Manitowoc market data and regional lending conditions
Manitowoc is a growing city in Wisconsin with a population of 32,975. The current 30-year fixed mortgage rate in Manitowoc is 6.76%, which is 0.11% above the national average. With a median home price of $135,000 and a 20% down payment of $27,000, homebuyers can expect a monthly principal and interest payment of approximately $701.
Current Mortgage Rates in Manitowoc, WI
Below are the current average mortgage rates available in the Manitowoc area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.36% | 6.25% | +0.11% |
| VA | 6.16% | 6.05% | +0.11% |
| Jumbo | 6.96% | 6.85% | +0.11% |
Manitowoc Housing Market Overview
The Manitowoc housing market offers relatively affordable housing compared to many major cities. The median household income in Manitowoc is $38,000, and the cost of living index is 80 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $38,443 to comfortably afford the median-priced home in Manitowoc, which exceeds the current median household income.
Monthly Payment Breakdown for Manitowoc
Based on the median home price of $135,000 with 20% down ($27,000), here is what you can expect to pay monthly in Manitowoc:
15-Year vs. 30-Year Mortgage in Manitowoc
Choosing a 15-year mortgage in Manitowoc at 6% instead of a 30-year at 6.76% would save you $88,380 in total interest over the life of the loan. However, your monthly payment would be $911 instead of $701 — an increase of $210 per month.
Calculate Your Manitowoc Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Manitowoc
What are the current mortgage rates in Manitowoc, WI?
As of March 2026, the average 30-year fixed mortgage rate in Manitowoc, Wisconsin is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.36% and VA loans 6.16%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Manitowoc?
Based on the median home price of $135,000 with 20% down, the estimated monthly mortgage payment in Manitowoc is $701 for principal and interest. Including property taxes of $196/month, the total monthly housing cost is approximately $897.
What income do I need to buy a home in Manitowoc?
Using the 28% rule, you would need an annual income of approximately $38,443 to afford the median-priced home in Manitowoc at $135,000. The median household income in Manitowoc is $38,000. This means most households would need to either earn above the median or consider homes below $135,000.
Is Manitowoc a good place to buy a home in 2026?
Manitowoc offers a below-average cost of living with a cost of living index of 80 (national average = 100). The property tax rate in Wisconsin is 1.74%, which is above the national average. Manitowoc has a population of 32,975 and offers a very affordable lifestyle.
Mortgage Rates in Other Wisconsin Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Manitowoc, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.