Mequon, Wisconsin Housing Market Prices
Mequon 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.
-
Median home price 80% below the Wisconsin median$34,637
-
Median rent 98% above the Wisconsin median$2,156
Housing Market Overview
| Metric | Mequon | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $34,637 | $170,479 | $248,835 |
| Price Trend (Annual %) | 30.3% | 4.2% | 7.5% |
| Median Gross Rent | $2,156 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mequon is about 80% lower than in Wisconsin. Rent is about 98% 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 Mequon, up about 30.3% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Mequon rose about 70.0% between 2015 and 2024, from $1,268 to $2,156. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Mequon.
Buying the median-priced home in Mequon costs roughly 1.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mequon. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Mequon | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $34,637 | $170,479 | $248,835 |
| Median Household Income | $144,921 | $77,698 | $80,455 |
| Price-to-Income Ratio | 0.2 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mequon fell about 78.8%, while median household income rose about 42.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mequon | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.7% | 60.5% | 58.5% |
| Rental Rate | 13.1% | 28.7% | 31.2% |
| Vacancy Rate | 6.3% | 10.8% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Mequon has a homeownership rate of 80.7%, higher than the Wisconsin average of 60.5%. Its housing vacancy rate is 6.3%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Mequon | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1986 | 1974 | 1978 |
| Median Number of Rooms | 7.3 | 5.6 | 5.5 |
The typical housing unit in Mequon was built around 1986. On average, 2.5 people live in a home with about 7.3 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mequon, Wisconsin.
What is the median home price in Mequon, Wisconsin?
The median home price in Mequon, Wisconsin is $34,637, lower than the Wisconsin average of $170,479.
What is the average home price in Mequon, Wisconsin?
The typical home price in Mequon, Wisconsin, reported as the median sale price, is $34,637. 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 Mequon, Wisconsin?
The median gross rent in Mequon, Wisconsin is $2,156 per month, higher than the Wisconsin average of $1,087.
What was the median gross rent in Mequon in 2020?
In 2020, the median gross rent in Mequon, Wisconsin was $1,707 per month.
What is the price-to-rent ratio in Mequon, Wisconsin?
The price-to-rent ratio in Mequon, Wisconsin is about 1.3, meaning it would take roughly 1.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mequon.
Are home prices or rent rising faster in Mequon, Wisconsin?
Both home prices and rent are rising in Mequon, up about 30.3% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mequon, Wisconsin?
80.7% of households in Mequon, Wisconsin own their home, higher than the Wisconsin average of 60.5%.
What is the vacancy rate in Mequon, Wisconsin?
The housing vacancy rate in Mequon, Wisconsin is 6.3%, lower than the Wisconsin average of 10.8%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →