Pewaukee, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Pewaukee, WI Housing Market Trends

With 14,631 people, 5,679 houses or apartments, and a median cost of homes of $342,751, Pewaukee real estate is some of the most expensive in Wisconsin, although Pewaukee home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Pewaukee, accounting for 65.48% of the city's housing units. Other types of housing that are prevalent in Pewaukee include large apartment complexes or high rise apartments ( 13.65%), row houses and other attached homes ( 12.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.27%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pewaukee. Owner-occupied housing accounts for 82.12% of Pewaukee's homes, and 62.46% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pewaukee 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 Pewaukee built between 2000 and later ( 26.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.50%). There's also some housing in Pewaukee built before 1939 ( 4.39%).

Pewaukee Home Appreciation Rates

Real estate appreciation rates in Pewaukee's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.24% during the period.

Over the last year, Pewaukee appreciation rates have trailed the rest of the nation. In the last twelve months, Pewaukee's appreciation rate has been 6.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pewaukee were at 1.90%, which equates to an annual appreciation rate of 7.83%.

Notably, Pewaukee's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Wisconsin, our data show that Pewaukee's latest annual appreciation rate is lower than 80% 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 Pewaukee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pewaukee - 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 Pewaukee real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$342,751

Pewaukee, WI HOME PRICES

> $1,200,000
2.4%
2.4%
$900,001 - $1,200,000
2.0%
2.0%
$600,001 - $900,000
9.5%
9.5%
$480,001 - $600,000
13.4%
13.4%
$360,001 - $480,000
20.9%
20.9%
$240,001 - $360,000
30.7%
30.7%
$120,001 - $240,000
19.5%
19.5%
$60,001 - $120,000
1.3%
1.3%
$0 - $60,000
0.3%
0.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for WI

Value Relative To Nation

Number Of Homes And Apartments:
5,679

Pewaukee Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
64.22% 2.33%
6
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,528 / per month

Homeownership Rate

Owners
82.1%
82.1%
Renters
17.9%
17.9%
Vacant
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
26.6%
26.6%
1970 - 1999
52.5%
52.5%
1940 - 1969
16.5%
16.5%
1939 or Older
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.5%
65.5%
Townhomes
12.5%
12.5%
Small Apt. Buildings
8.3%
8.3%
Apt. Complexes
13.7%
13.7%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
4.6%
4.6%
2 Bedrooms
25.6%
25.6%
3 Bedrooms
40.5%
40.5%
4 Bedrooms
22.0%
22.0%
5 or more bedrooms
6.1%
6.1%
0.0% 100.0%
% OF HOMES