Brookfield, Wisconsin Housing Market Prices
Brookfield Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 167% above the Wisconsin median$455,703
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Median rent 77% above the Wisconsin median$1,928
Housing Market Overview
| Metric | Brookfield | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $455,703 | $170,479 | $248,835 |
| Price Trend (Annual %) | 10.8% | 4.2% | 7.5% |
| Median Gross Rent | $1,928 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Brookfield is about 167% higher than in Wisconsin. Rent is about 77% higher than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Brookfield, up about 10.8% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Brookfield rose about 41.9% between 2015 and 2024, from $1,358 to $1,928. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Brookfield.
Buying the median-priced home in Brookfield costs roughly 19.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Brookfield. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Brookfield | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $455,703 | $170,479 | $248,835 |
| Median Household Income | $124,339 | $77,698 | $80,455 |
| Price-to-Income Ratio | 3.7 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Brookfield rose about 55.6%, while median household income rose about 41.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Brookfield | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.8% | 60.5% | 58.5% |
| Rental Rate | 18.7% | 28.7% | 31.2% |
| Vacancy Rate | 3.5% | 10.8% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Brookfield has a homeownership rate of 77.8%, higher than the Wisconsin average of 60.5%. Its housing vacancy rate is 3.5%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Brookfield | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1975 | 1974 | 1978 |
| Median Number of Rooms | 6.8 | 5.6 | 5.5 |
The typical housing unit in Brookfield was built around 1975. On average, 2.5 people live in a home with about 6.8 rooms, staying for about 15.0 years on average.
Brookfield, WI Housing Compared With Nearby Cities
How Brookfield, WI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Brookfield, WI | 39,622 | $455,703 #1/2 | $1,928 #1/2 | 80.6% #1/2 |
| New Berlin, WI | 42,296 | $374,844 | $1,412 | 76.6% |
Frequently Asked Questions
Common questions about the housing market in Brookfield, Wisconsin.
What is the median home price in Brookfield, Wisconsin?
The median home price in Brookfield, Wisconsin is $455,703, higher than the Wisconsin average of $170,479.
What is the average home price in Brookfield, Wisconsin?
The typical home price in Brookfield, Wisconsin, reported as the median sale price, is $455,703. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Brookfield, Wisconsin?
The median gross rent in Brookfield, Wisconsin is $1,928 per month, higher than the Wisconsin average of $1,087.
What was the median gross rent in Brookfield in 2020?
In 2020, the median gross rent in Brookfield, Wisconsin was $1,515 per month.
What is the price-to-rent ratio in Brookfield, Wisconsin?
The price-to-rent ratio in Brookfield, Wisconsin is about 19.7, meaning it would take roughly 19.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Brookfield.
Are home prices or rent rising faster in Brookfield, Wisconsin?
Both home prices and rent are rising in Brookfield, up about 10.8% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Brookfield, Wisconsin?
77.8% of households in Brookfield, Wisconsin own their home, higher than the Wisconsin average of 60.5%.
What is the vacancy rate in Brookfield, Wisconsin?
The housing vacancy rate in Brookfield, Wisconsin is 3.5%, lower than the Wisconsin average of 10.8%.
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