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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Menomonee Falls, WI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Menomonee Falls, WI Housing Market Trends

With 39,246 people, 15,948 houses or apartments, and a median cost of homes of $449,900, Menomonee Falls real estate is some of the most expensive in Wisconsin, although Menomonee Falls home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Menomonee Falls, accounting for 67.46% of the village's housing units. Other types of housing that are prevalent in Menomonee Falls include large apartment complexes or high rise apartments ( 24.23%), row houses and other attached homes ( 4.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Menomonee Falls. Owner-occupied housing accounts for 74.55% of Menomonee Falls's homes, and 63.22% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Menomonee Falls's housing was primarily built during this period, from the '40s through the '60s. A full 37.21% of the village's housing hails from this era. Other housing ages represented in Menomonee Falls include homes built between 1970-1999 ( 34.74%) and housing constructed between 2000 and later ( 23.85%). There's also some housing in Menomonee Falls built before 1939 ( 4.20%).

Menomonee Falls Home Appreciation Rates

Real estate appreciation rates in Menomonee Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.45% during the period.

Appreciation rates are so strong in Menomonee Falls that despite a nationwide downturn in the housing market, Menomonee Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Menomonee Falls appreciation rates continue to be some of the highest in America, at 8.05%, which is higher than appreciation rates in 87.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Menomonee Falls. Menomonee Falls appreciation rates in the latest quarter were at 0.76%, which equates to an annual appreciation rate of 3.06%.

Relative to Wisconsin, our data show that Menomonee Falls's latest annual appreciation rate is higher than 70% of the other cities and towns in Wisconsin.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Menomonee Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Menomonee Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Menomonee Falls real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$449,900

Menomonee Falls, WI Home Prices
> $1,287,000
$965,001 - $1,287,000
$643,001 - $965,000
$515,001 - $643,000
$386,001 - $515,000
$257,001 - $386,000
$128,001 - $257,000
$64,001 - $128,000
$0 - $64,000
1.1%
1.1%
1.6%
1.6%
11.4%
11.4%
15.9%
15.9%
21.2%
21.2%
39.1%
39.1%
7.1%
7.1%
1.1%
1.1%
1.5%
1.5%
0% 100.0%
% of Homes
Very High

for Wisconsin

High

for nation

Number of Homes And Apartments:

15,948

Menomonee Falls Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,803 / per month

Homeownership Rate

Owners
Renters
74.6%
74.6%
25.4%
25.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.8%
3.8%
96.2%
96.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.8%
23.8%
34.7%
34.7%
37.2%
37.2%
4.2%
4.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.5%
67.5%
4.5%
4.5%
3.5%
3.5%
24.2%
24.2%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.2%
2.2%
11.2%
11.2%
18.4%
18.4%
43.9%
43.9%
19.3%
19.3%
5.0%
5.0%
0% 100.0%
% of Homes