Waukesha County, Wisconsin Housing Market Prices
Waukesha County 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 115% above the Wisconsin median More expensive than 92% of counties in Wisconsin$365,714
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Median rent 25% above the Wisconsin median Among the 3 most expensive counties in Wisconsin$1,356
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Waukesha County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $365,714 | $170,479 | $248,835 |
| Price Trend (Annual %) | 10.7% | 4.2% | 7.5% |
| Median Gross Rent | $1,356 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Waukesha County is about 115% higher than in Wisconsin. Rent is about 25% 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 Waukesha County, up about 10.7% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Waukesha County rose about 45.4% between 2015 and 2024, from $933 to $1,356. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Waukesha County.
Buying the median-priced home in Waukesha County costs roughly 22.5 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 Waukesha County. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Waukesha County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $365,714 | $170,479 | $248,835 |
| Median Household Income | $106,607 | $77,698 | $80,455 |
| Price-to-Income Ratio | 3.4 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Waukesha County rose about 79.5%, while median household income rose about 38.9% 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 | Waukesha County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.0% | 60.5% | 58.5% |
| Rental Rate | 23.1% | 28.7% | 31.2% |
| Vacancy Rate | 3.9% | 10.8% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Waukesha County has a homeownership rate of 73.0%, higher than the Wisconsin average of 60.5%. Its housing vacancy rate is 3.9%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Waukesha County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1974 | 1974 | 1978 |
| Median Number of Rooms | 6.3 | 5.6 | 5.5 |
The typical housing unit in Waukesha County was built around 1974. On average, 2.4 people live in a home with about 6.3 rooms, staying for about 16.0 years on average.
Waukesha County, WI Housing Compared With Nearby Counties
Waukesha County, WI is the largest of the 6 counties compared here, 411,699 residents against a local median of 105,657. Waukesha County, WI's median home price, at $365,714, runs 69% above the $216,125 typical of the counties around it.
Median rent tells the same story from another angle: $1,356 against a local median of $1,080, 26% above it. The counties themselves spread $283,881 on median home price, so Waukesha County, WI sits at one end of an already wide local range rather than apart from it. Waukesha County, WI has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Waukesha County, WI | 411,699 | $365,714 #2/6 | $1,356 #1/6 | 76.0% #2/6 |
| Washington County, WI | 137,879 | $394,237 | $1,153 | 78.1% |
| Walworth County, WI | 105,657 | $318,869 | $1,149 | 70.6% |
| Jefferson County, WI | 86,001 | $110,356 | $1,035 | 73.1% |
| Dodge County, WI | 88,711 | $216,125 | $987 | 71.3% |
| Racine County, WI | 197,532 | $175,947 | $1,080 | 71.0% |
Frequently Asked Questions
Common questions about the housing market in Waukesha County, Wisconsin.
What is the median home price in Waukesha County, Wisconsin?
The median home price in Waukesha County, Wisconsin is $365,714, higher than the Wisconsin average of $170,479.
What is the average home price in Waukesha County, Wisconsin?
The typical home price in Waukesha County, Wisconsin, reported as the median sale price, is $365,714. 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 Waukesha County, Wisconsin?
The median gross rent in Waukesha County, Wisconsin is $1,356 per month, higher than the Wisconsin average of $1,087.
What was the median gross rent in Waukesha County in 2020?
In 2020, the median gross rent in Waukesha County, Wisconsin was $1,078 per month.
What is the price-to-rent ratio in Waukesha County, Wisconsin?
The price-to-rent ratio in Waukesha County, Wisconsin is about 22.5, meaning it would take roughly 22.5 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 Waukesha County.
Are home prices or rent rising faster in Waukesha County, Wisconsin?
Both home prices and rent are rising in Waukesha County, up about 10.7% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Waukesha County, Wisconsin?
73.0% of households in Waukesha County, Wisconsin own their home, higher than the Wisconsin average of 60.5%.
What is the vacancy rate in Waukesha County, Wisconsin?
The housing vacancy rate in Waukesha County, Wisconsin is 3.9%, lower than the Wisconsin average of 10.8%.
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