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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.



Mequon, 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

Mequon, WI Housing Market Trends

With 25,337 people, 9,115 houses or apartments, and a median cost of homes of $621,736, Mequon house prices are not only among the most expensive in Wisconsin, Mequon real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Mequon, accounting for 74.84% of the city's housing units. Other types of housing that are prevalent in Mequon include row houses and other attached homes ( 12.83%), large apartment complexes or high rise apartments ( 8.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mequon. Owner-occupied housing accounts for 79.16% of Mequon's homes, and 63.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mequon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mequon built between 1940-1969 ( 23.80%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.17%). There's also some housing in Mequon built before 1939 ( 7.13%).

Mequon Home Appreciation Rates

Mequon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mequon during the period has been just 5.23%, which is lower than 70% of US communities.

Appreciation rates are so strong in Mequon that despite a nationwide downturn in the housing market, Mequon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mequon appreciation rates continue to be some of the highest in America, at 8.05%, which is higher than appreciation rates in 87.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mequon. Mequon 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 Mequon'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 city. Individual neighborhoods within Mequon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mequon - 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 Mequon real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$621,736

Mequon, WI Home Prices
> $1,277,000
$958,001 - $1,277,000
$639,001 - $958,000
$511,001 - $639,000
$383,001 - $511,000
$255,001 - $383,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
8.7%
8.7%
10.7%
10.7%
23.6%
23.6%
15.8%
15.8%
20.0%
20.0%
12.0%
12.0%
6.2%
6.2%
0.3%
0.3%
2.6%
2.6%
0% 100.0%
% of Homes
Very High

for Wisconsin

Very High

for nation

Number of Homes And Apartments:

9,115

Mequon Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,376 / per month

Homeownership Rate

Owners
Renters
79.2%
79.2%
20.8%
20.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.0%
7.0%
93.0%
93.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.2%
17.2%
51.9%
51.9%
23.8%
23.8%
7.1%
7.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.8%
74.8%
12.8%
12.8%
3.6%
3.6%
8.7%
8.7%
0.1%
0.1%
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
1.1%
1.1%
3.4%
3.4%
19.3%
19.3%
35.8%
35.8%
27.5%
27.5%
12.9%
12.9%
0% 100.0%
% of Homes