Muskego, Wisconsin Housing Market Prices
Muskego 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 263% above the Wisconsin median$619,588
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Median rent 23% above the Wisconsin median$1,337
Housing Market Overview
| Metric | Muskego | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $619,588 | $170,479 | $248,835 |
| Price Trend (Annual %) | 80.8% | 4.2% | 7.5% |
| Median Gross Rent | $1,337 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Muskego is about 263% higher than in Wisconsin. Rent is about 23% 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 Muskego, up about 80.8% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Muskego rose about 37.4% between 2015 and 2024, from $973 to $1,337. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Muskego.
Buying the median-priced home in Muskego costs roughly 38.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Muskego. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Muskego | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $619,588 | $170,479 | $248,835 |
| Median Household Income | $111,734 | $77,698 | $80,455 |
| Price-to-Income Ratio | 5.5 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Muskego rose about 103.6%, while median household income rose about 30.5% 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 | Muskego | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 81.8% | 60.5% | 58.5% |
| Rental Rate | 15.4% | 28.7% | 31.2% |
| Vacancy Rate | 2.8% | 10.8% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Muskego has a homeownership rate of 81.8%, higher than the Wisconsin average of 60.5%. Its housing vacancy rate is 2.8%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Muskego | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1987 | 1974 | 1978 |
| Median Number of Rooms | 6.5 | 5.6 | 5.5 |
The typical housing unit in Muskego was built around 1987. On average, 2.4 people live in a home with about 6.5 rooms, staying for about 17.0 years on average.
Muskego, WI Housing Compared With Nearby Cities
How Muskego, WI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Muskego, WI | 25,180 | $619,588 #1/2 | $1,337 #2/2 | 84.1% #1/2 |
| New Berlin, WI | 42,296 | $374,844 | $1,412 | 76.6% |
Frequently Asked Questions
Common questions about the housing market in Muskego, Wisconsin.
What is the median home price in Muskego, Wisconsin?
The median home price in Muskego, Wisconsin is $619,588, higher than the Wisconsin average of $170,479.
What is the average home price in Muskego, Wisconsin?
The typical home price in Muskego, Wisconsin, reported as the median sale price, is $619,588. 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 Muskego, Wisconsin?
The median gross rent in Muskego, Wisconsin is $1,337 per month, higher than the Wisconsin average of $1,087.
What was the median gross rent in Muskego in 2020?
In 2020, the median gross rent in Muskego, Wisconsin was $1,216 per month.
What is the price-to-rent ratio in Muskego, Wisconsin?
The price-to-rent ratio in Muskego, Wisconsin is about 38.6, meaning it would take roughly 38.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Muskego.
Are home prices or rent rising faster in Muskego, Wisconsin?
Both home prices and rent are rising in Muskego, up about 80.8% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Muskego, Wisconsin?
81.8% of households in Muskego, Wisconsin own their home, higher than the Wisconsin average of 60.5%.
What is the vacancy rate in Muskego, Wisconsin?
The housing vacancy rate in Muskego, Wisconsin is 2.8%, lower than the Wisconsin average of 10.8%.
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