West Allis, Wisconsin Housing Market Prices
West Allis 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 1% above the Wisconsin median$172,317
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Median rent 7% below the Wisconsin median$1,007
Housing Market Overview
| Metric | West Allis | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,317 | $170,479 | $248,835 |
| Price Trend (Annual %) | 13.1% | 4.2% | 7.5% |
| Median Gross Rent | $1,007 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in West Allis is about 1% higher than in Wisconsin. Rent is about 7% lower 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 West Allis, up about 13.1% and 3.3% a year respectively. Home prices are changing faster.
Median rent in West Allis rose about 31.3% between 2015 and 2024, from $767 to $1,007. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in West Allis.
Buying the median-priced home in West Allis costs roughly 14.3 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 West Allis. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | West Allis | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,317 | $170,479 | $248,835 |
| Median Household Income | $67,223 | $77,698 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in West Allis rose about 147.5%, while median household income rose about 39.8% 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 | West Allis | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.8% | 60.5% | 58.5% |
| Rental Rate | 41.6% | 28.7% | 31.2% |
| Vacancy Rate | 6.5% | 10.8% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
West Allis has a homeownership rate of 51.8%, lower than the Wisconsin average of 60.5%. Its housing vacancy rate is 6.5%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | West Allis | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.07 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1957 | 1974 | 1978 |
| Median Number of Rooms | 5.0 | 5.6 | 5.5 |
The typical housing unit in West Allis was built around 1957. On average, 2.1 people live in a home with about 5.0 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in West Allis, Wisconsin.
What is the median home price in West Allis, Wisconsin?
The median home price in West Allis, Wisconsin is $172,317, higher than the Wisconsin average of $170,479.
What is the average home price in West Allis, Wisconsin?
The typical home price in West Allis, Wisconsin, reported as the median sale price, is $172,317. 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 West Allis, Wisconsin?
The median gross rent in West Allis, Wisconsin is $1,007 per month, lower than the Wisconsin average of $1,087.
What was the median gross rent in West Allis in 2020?
In 2020, the median gross rent in West Allis, Wisconsin was $851 per month.
What is the price-to-rent ratio in West Allis, Wisconsin?
The price-to-rent ratio in West Allis, Wisconsin is about 14.3, meaning it would take roughly 14.3 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 West Allis.
Are home prices or rent rising faster in West Allis, Wisconsin?
Both home prices and rent are rising in West Allis, up about 13.1% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in West Allis, Wisconsin?
51.8% of households in West Allis, Wisconsin own their home, lower than the Wisconsin average of 60.5%.
What is the vacancy rate in West Allis, Wisconsin?
The housing vacancy rate in West Allis, Wisconsin is 6.5%, lower than the Wisconsin average of 10.8%.
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