Wauwatosa, Wisconsin Housing Market Prices
Wauwatosa 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 109% above the Wisconsin median$355,961
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Median rent 32% above the Wisconsin median$1,437
Housing Market Overview
| Metric | Wauwatosa | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $355,961 | $170,479 | $248,835 |
| Price Trend (Annual %) | 8.9% | 4.2% | 7.5% |
| Median Gross Rent | $1,437 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wauwatosa is about 109% higher than in Wisconsin. Rent is about 32% 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 Wauwatosa, up about 8.9% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Wauwatosa rose about 50.2% between 2015 and 2024, from $957 to $1,437. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Wauwatosa.
Buying the median-priced home in Wauwatosa costs roughly 20.6 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 Wauwatosa. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Wauwatosa | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $355,961 | $170,479 | $248,835 |
| Median Household Income | $100,896 | $77,698 | $80,455 |
| Price-to-Income Ratio | 3.5 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wauwatosa rose about 86.4%, while median household income rose about 47.4% 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 | Wauwatosa | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.5% | 60.5% | 58.5% |
| Rental Rate | 37.0% | 28.7% | 31.2% |
| Vacancy Rate | 5.5% | 10.8% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Wauwatosa has a homeownership rate of 57.5%, lower than the Wisconsin average of 60.5%. Its housing vacancy rate is 5.5%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Wauwatosa | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.15 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1958 | 1974 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Wauwatosa was built around 1958. On average, 2.2 people live in a home with about 5.6 rooms, staying for about 13.0 years on average.
Wauwatosa, WI Housing Compared With Nearby Cities
How Wauwatosa, WI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wauwatosa, WI | 48,477 | $355,961 #1/2 | $1,437 #1/2 | 60.8% #1/2 |
| Milwaukee, WI | 561,873 | $150,248 | $1,058 | 41.6% |
Frequently Asked Questions
Common questions about the housing market in Wauwatosa, Wisconsin.
What is the median home price in Wauwatosa, Wisconsin?
The median home price in Wauwatosa, Wisconsin is $355,961, higher than the Wisconsin average of $170,479.
What is the average home price in Wauwatosa, Wisconsin?
The typical home price in Wauwatosa, Wisconsin, reported as the median sale price, is $355,961. 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 Wauwatosa, Wisconsin?
The median gross rent in Wauwatosa, Wisconsin is $1,437 per month, higher than the Wisconsin average of $1,087.
What was the median gross rent in Wauwatosa in 2020?
In 2020, the median gross rent in Wauwatosa, Wisconsin was $1,121 per month.
What is the price-to-rent ratio in Wauwatosa, Wisconsin?
The price-to-rent ratio in Wauwatosa, Wisconsin is about 20.6, meaning it would take roughly 20.6 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 Wauwatosa.
Are home prices or rent rising faster in Wauwatosa, Wisconsin?
Both home prices and rent are rising in Wauwatosa, up about 8.9% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wauwatosa, Wisconsin?
57.5% of households in Wauwatosa, Wisconsin own their home, lower than the Wisconsin average of 60.5%.
What is the vacancy rate in Wauwatosa, Wisconsin?
The housing vacancy rate in Wauwatosa, Wisconsin is 5.5%, lower than the Wisconsin average of 10.8%.
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