Mortgage Rates in Oak Creek, Wisconsin — March 2026
Updated March 2026 | Based on Oak Creek market data and regional lending conditions
Oak Creek is a growing city in Wisconsin with a population of 36,321. The current 30-year fixed mortgage rate in Oak Creek is 6.6%, which is 0.05% below the national average. With a median home price of $217,000 and a 20% down payment of $43,400, homebuyers can expect a monthly principal and interest payment of approximately $1,109.
Current Mortgage Rates in Oak Creek, WI
Below are the current average mortgage rates available in the Oak Creek 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 | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.85% | 6.85% | 0% |
Oak Creek Housing Market Overview
The Oak Creek housing market offers relatively affordable housing compared to many major cities. The median household income in Oak Creek is $63,700, and the cost of living index is 82.7 (national average = 100). Based on the 28% affordability rule, the median income in Oak Creek is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Oak Creek
Based on the median home price of $217,000 with 20% down ($43,400), here is what you can expect to pay monthly in Oak Creek:
15-Year vs. 30-Year Mortgage in Oak Creek
Choosing a 15-year mortgage in Oak Creek at 5.87% instead of a 30-year at 6.6% would save you $137,700 in total interest over the life of the loan. However, your monthly payment would be $1,453 instead of $1,109 — an increase of $344 per month.
Calculate Your Oak Creek 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 Oak Creek
What are the current mortgage rates in Oak Creek, WI?
As of March 2026, the average 30-year fixed mortgage rate in Oak Creek, Wisconsin is 6.6%, while the 15-year fixed rate is 5.87%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in Oak Creek?
Based on the median home price of $217,000 with 20% down, the estimated monthly mortgage payment in Oak Creek is $1,109 for principal and interest. Including property taxes of $315/month, the total monthly housing cost is approximately $1,424.
What income do I need to buy a home in Oak Creek?
Using the 28% rule, you would need an annual income of approximately $61,029 to afford the median-priced home in Oak Creek at $217,000. The median household income in Oak Creek is $63,700. The median income is currently sufficient to meet this threshold.
Is Oak Creek a good place to buy a home in 2026?
Oak Creek offers a below-average cost of living with a cost of living index of 82.7 (national average = 100). The property tax rate in Wisconsin is 1.74%, which is above the national average. Oak Creek has a population of 36,321 and offers a very affordable lifestyle.
Mortgage Rates in Other Wisconsin Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Oak Creek, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.