Mortgage Rates in West Allis, Wisconsin — March 2026
Updated March 2026 | Based on West Allis market data and regional lending conditions
West Allis is a growing city in Wisconsin with a population of 60,328. The current 30-year fixed mortgage rate in West Allis is 6.77%, which is 0.12% above the national average. With a median home price of $218,000 and a 20% down payment of $43,600, homebuyers can expect a monthly principal and interest payment of approximately $1,133.
Current Mortgage Rates in West Allis, WI
Below are the current average mortgage rates available in the West Allis 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 | 6.77% | 6.65% | +0.12% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.02% | 6.85% | +0.17% |
West Allis Housing Market Overview
The West Allis housing market offers relatively affordable housing compared to many major cities. The median household income in West Allis is $69,500, and the cost of living index is 94.7 (national average = 100). Based on the 28% affordability rule, the median income in West Allis is sufficient to afford the median-priced home.
Monthly Payment Breakdown for West Allis
Based on the median home price of $218,000 with 20% down ($43,600), here is what you can expect to pay monthly in West Allis:
15-Year vs. 30-Year Mortgage in West Allis
Choosing a 15-year mortgage in West Allis at 6% instead of a 30-year at 6.77% would save you $142,920 in total interest over the life of the loan. However, your monthly payment would be $1,472 instead of $1,133 — an increase of $339 per month.
Calculate Your West Allis 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 West Allis
What are the current mortgage rates in West Allis, WI?
As of March 2026, the average 30-year fixed mortgage rate in West Allis, Wisconsin is 6.77%, while the 15-year fixed rate is 6%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.12% above the national average of 6.65%.
How much is a monthly mortgage payment in West Allis?
Based on the median home price of $218,000 with 20% down, the estimated monthly mortgage payment in West Allis is $1,133 for principal and interest. Including property taxes of $340/month, the total monthly housing cost is approximately $1,473.
What income do I need to buy a home in West Allis?
Using the 28% rule, you would need an annual income of approximately $63,129 to afford the median-priced home in West Allis at $218,000. The median household income in West Allis is $69,500. The median income is currently sufficient to meet this threshold.
Is West Allis a good place to buy a home in 2026?
West Allis offers a below-average cost of living with a cost of living index of 94.7 (national average = 100). The property tax rate in Wisconsin is 1.87%, which is above the national average. West Allis has a population of 60,328 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 West Allis, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.