Mortgage Rates in Sheboygan, Wisconsin — March 2026
Updated March 2026 | Based on Sheboygan market data and regional lending conditions
Sheboygan is a growing city in Wisconsin with a population of 49,929. The current 30-year fixed mortgage rate in Sheboygan is 6.75%, which is 0.1% above the national average. With a median home price of $240,000 and a 20% down payment of $48,000, homebuyers can expect a monthly principal and interest payment of approximately $1,245.
Current Mortgage Rates in Sheboygan, WI
Below are the current average mortgage rates available in the Sheboygan 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 | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7% | 6.85% | +0.15% |
Sheboygan Housing Market Overview
The Sheboygan housing market offers relatively affordable housing compared to many major cities. The median household income in Sheboygan is $53,100, and the cost of living index is 87 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $68,957 to comfortably afford the median-priced home in Sheboygan, which exceeds the current median household income.
Monthly Payment Breakdown for Sheboygan
Based on the median home price of $240,000 with 20% down ($48,000), here is what you can expect to pay monthly in Sheboygan:
15-Year vs. 30-Year Mortgage in Sheboygan
Choosing a 15-year mortgage in Sheboygan at 5.99% instead of a 30-year at 6.75% would save you $156,780 in total interest over the life of the loan. However, your monthly payment would be $1,619 instead of $1,245 — an increase of $374 per month.
Calculate Your Sheboygan 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 Sheboygan
What are the current mortgage rates in Sheboygan, WI?
As of March 2026, the average 30-year fixed mortgage rate in Sheboygan, Wisconsin is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Sheboygan?
Based on the median home price of $240,000 with 20% down, the estimated monthly mortgage payment in Sheboygan is $1,245 for principal and interest. Including property taxes of $364/month, the total monthly housing cost is approximately $1,609.
What income do I need to buy a home in Sheboygan?
Using the 28% rule, you would need an annual income of approximately $68,957 to afford the median-priced home in Sheboygan at $240,000. The median household income in Sheboygan is $53,100. This means most households would need to either earn above the median or consider homes below $240,000.
Is Sheboygan a good place to buy a home in 2026?
Sheboygan offers a below-average cost of living with a cost of living index of 87 (national average = 100). The property tax rate in Wisconsin is 1.82%, which is above the national average. Sheboygan has a population of 49,929 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 Sheboygan, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.