The median Wisconsin homeowning household had approximately $201,000 in equity in its home in 2024, data from the Census Bureau show.
Homeowner equity is defined as a house’s estimated value minus the debt that a household owes on it. Equity can rise as households pay down their mortgage principal or as the estimated home value rises. The figure tracks the median equity of homeowning households, including households whose equity is negative, but omits households who do not own a home, such as renters.
That figure has increased by about 75 percent since 2019 in nominal, not inflation-adjusted, terms, when median homeowner equity was about $115,100. The Badger State still lagged behind the U.S. median by approximately $19,000.
That puts Wisconsin’s level of equity above other Midwestern states, though the margins of error for Illinois, Michigan and Minnesota overlap with Wisconsin’s estimate. On the other hand, Wisconsin households own homes at a lower rate than most other Midwestern states.
Wyatt Eichholz is a policy and legislative associate at the Badger Institute.
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