Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Ozaukee County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $530,612 | $176,921 | $242,182 |
| Price Trend (Annual %) | 16.4% | 5.3% | 8.2% |
| Median Gross Rent | $1,111 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ozaukee County is about 200% higher than in Wisconsin. Rent is about 6% higher than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Ozaukee County, up about 16.4% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Ozaukee County rose about 31.6% between 2015 and 2023, from $844 to $1,111. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Ozaukee County.
Buying the median-priced home in Ozaukee County costs roughly 39.8 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 Ozaukee County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Ozaukee County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $530,612 | $176,921 | $242,182 |
| Median Household Income | $97,198 | $75,766 | $78,145 |
| Price-to-Income Ratio | 5.5 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ozaukee County rose about 214.2%, while median household income rose about 31.0% between 2009 and 2023 — 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 | Ozaukee County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.7% | 60.4% | 58.2% |
| Rental Rate | 26.1% | 28.6% | 31.3% |
| Vacancy Rate | 4.2% | 11.1% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Ozaukee County has a homeownership rate of 69.7%, higher than the Wisconsin average of 60.4%. Its housing vacancy rate is 4.2%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Ozaukee County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1976 | 1973 | 1978 |
| Median Number of Rooms | 6.3 | 5.6 | 5.5 |
The typical housing unit in Ozaukee County was built around 1976. On average, 2.4 people live in a home with about 6.3 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ozaukee County, Wisconsin.
What is the median home price in Ozaukee County, Wisconsin?
The median home price in Ozaukee County, Wisconsin is $530,612, higher than the Wisconsin average of $176,921.
What is the average home price in Ozaukee County, Wisconsin?
The typical home price in %s, reported as the median sale price, is %s. 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 Ozaukee County, Wisconsin?
The median gross rent in Ozaukee County, Wisconsin is $1,111 per month, higher than the Wisconsin average of $1,045.
What was the median gross rent in Ozaukee County in 2020?
In 2020, the median gross rent in Ozaukee County, Wisconsin was $950 per month.
What is the price-to-rent ratio in Ozaukee County, Wisconsin?
The price-to-rent ratio in Ozaukee County, Wisconsin is about 39.8, meaning it would take roughly 39.8 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 Ozaukee County.
Are home prices or rent rising faster in Ozaukee County, Wisconsin?
Both home prices and rent are rising in Ozaukee County, up about 16.4% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ozaukee County, Wisconsin?
69.7% of households in Ozaukee County, Wisconsin own their home, higher than the Wisconsin average of 60.4%.
What is the vacancy rate in Ozaukee County, Wisconsin?
The housing vacancy rate in Ozaukee County, Wisconsin is 4.2%, lower than the Wisconsin average of 11.1%.