Waukesha, 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 2020. 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

Waukesha, WI Housing Market Trends

With 72,299 people, 29,406 houses or apartments, and a median cost of homes of $256,117, Waukesha real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Waukesha, accounting for 50.86% of the city's housing units. Other types of housing that are prevalent in Waukesha include large apartment complexes or high rise apartments ( 28.22%), duplexes, homes converted to apartments or other small apartment buildings ( 13.11%), and a few row houses and other attached homes ( 7.58%).

The most prevalent building size and type in Waukesha are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.86% owning and 44.14% renting.

There is a lot of housing in Waukesha 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 Waukesha built between 1940-1969 ( 23.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.61%). There's also some housing in Waukesha built before 1939 ( 13.49%).

Waukesha Home Appreciation Rates

Real estate appreciation rates in Waukesha's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.48% during the period.

Over the last year, Waukesha appreciation rates have trailed the rest of the nation. In the last twelve months, Waukesha's appreciation rate has been 4.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waukesha were at 2.26%, which equates to an annual appreciation rate of 9.33%.

Relative to Wisconsin, our data show that Waukesha's latest annual appreciation rate is lower than 60% 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 Waukesha differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waukesha - 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 Waukesha real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$256,117

Waukesha, WI HOME PRICES

> $1,165,000
0.2%
0.2%
$874,001 - $1,165,000
0.7%
0.7%
$582,001 - $874,000
1.3%
1.3%
$466,001 - $582,000
2.8%
2.8%
$350,001 - $466,000
10.9%
10.9%
$233,001 - $350,000
37.5%
37.5%
$116,001 - $233,000
40.7%
40.7%
$58,001 - $116,000
4.2%
4.2%
$0 - $58,000
1.8%
1.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for WI

Value Relative To Nation

Number Of Homes And Apartments:
29,406

Waukesha Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
55.44% 2.12%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,122 / per month

Homeownership Rate

Owners
55.9%
55.9%
Renters
44.1%
44.1%
Vacant
3.8%
3.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.6%
14.6%
1970 - 1999
48.5%
48.5%
1940 - 1969
23.4%
23.4%
1939 or Older
13.5%
13.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
50.9%
50.9%
Townhomes
7.6%
7.6%
Small Apt. Buildings
13.1%
13.1%
Apt. Complexes
28.2%
28.2%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
15.0%
15.0%
2 Bedrooms
29.3%
29.3%
3 Bedrooms
35.9%
35.9%
4 Bedrooms
15.0%
15.0%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES