Cities with the fastest growing home prices in Milwaukee metro area

Written by:
November 23, 2022
Arina P Habich // Shutterstock

Cities with the fastest growing home prices in Milwaukee metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Milwaukee-Waukesha, WI metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 72 cities and towns in Milwaukee.

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Stacker

#30. Muskego, Muskego

- 1-year price change: +$29,473 (+7.4%)
- 5-year price change: +$128,212 (+43.1%)
- Typical home value: $425,627 (#26 most expensive city in metro)
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#29. Grafton, Grafton

- 1-year price change: +$29,703 (+9.1%)
- 5-year price change: +$107,777 (+43.5%)
- Typical home value: $355,425 (#41 most expensive city in metro)
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#28. Mukwonago, Mukwonago

- 1-year price change: +$29,947 (+8.2%)
- 5-year price change: +$117,270 (+42.0%)
- Typical home value: $396,372 (#34 most expensive city in metro)
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#27. Saukville, Saukville

- 1-year price change: +$30,248 (+10.9%)
- 5-year price change: +$99,066 (+47.2%)
- Typical home value: $309,018 (#54 most expensive city in metro)
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#26. Wales, Wales

- 1-year price change: +$30,863 (+7.7%)
- 5-year price change: +$130,622 (+43.4%)
- Typical home value: $431,787 (#25 most expensive city in metro)

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#25. Vernon, Vernon

- 1-year price change: +$31,293 (+7.7%)
- 5-year price change: +$130,927 (+42.9%)
- Typical home value: $436,429 (#24 most expensive city in metro)
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#24. Lisbon, Lisbon

- 1-year price change: +$31,960 (+7.6%)
- 5-year price change: +$134,800 (+42.6%)
- Typical home value: $450,976 (#19 most expensive city in metro)
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#23. Merton, Merton

- 1-year price change: +$32,491 (+5.9%)
- 5-year price change: +$170,364 (+41.6%)
- Typical home value: $580,334 (#6 most expensive city in metro)
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#22. Elm Grove, Elm Grove

- 1-year price change: +$32,728 (+6.2%)
- 5-year price change: +$159,315 (+40.0%)
- Typical home value: $557,293 (#7 most expensive city in metro)
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#21. Shorewood, Shorewood

- 1-year price change: +$33,302 (+7.9%)
- 5-year price change: +$138,075 (+43.6%)
- Typical home value: $454,789 (#17 most expensive city in metro)

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#20. Ottawa, Ottawa

- 1-year price change: +$34,490 (+7.4%)
- 5-year price change: +$135,278 (+36.9%)
- Typical home value: $502,223 (#12 most expensive city in metro)
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#19. Bayside, Bayside

- 1-year price change: +$34,678 (+8.2%)
- 5-year price change: +$126,997 (+38.2%)
- Typical home value: $459,660 (#16 most expensive city in metro)
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#18. Wayne, Wayne

- 1-year price change: +$35,887 (+8.8%)
- 5-year price change: +$183,868 (+70.4%)
- Typical home value: $444,938 (#20 most expensive city in metro)
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#17. Eagle, Eagle

- 1-year price change: +$36,511 (+9.6%)
- 5-year price change: +$132,588 (+46.9%)
- Typical home value: $415,385 (#31 most expensive city in metro)
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#16. Thiensville, Thiensville

- 1-year price change: +$38,733 (+12.3%)
- 5-year price change: +$109,100 (+44.4%)
- Typical home value: $354,771 (#42 most expensive city in metro)

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#15. Fox Point, Fox Point

- 1-year price change: +$39,119 (+9.4%)
- 5-year price change: +$125,314 (+38.2%)
- Typical home value: $453,402 (#18 most expensive city in metro)
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#14. Mequon, Mequon

- 1-year price change: +$39,195 (+8.1%)
- 5-year price change: +$131,802 (+33.6%)
- Typical home value: $524,167 (#11 most expensive city in metro)
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#13. River Hills, River Hills

- 1-year price change: +$39,273 (+5.7%)
- 5-year price change: +$94,755 (+15.1%)
- Typical home value: $722,873 (#3 most expensive city in metro)
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#12. Richfield, Richfield

- 1-year price change: +$39,453 (+8.7%)
- 5-year price change: +$171,351 (+53.6%)
- Typical home value: $491,072 (#14 most expensive city in metro)
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#11. Genesee, Genesee

- 1-year price change: +$39,836 (+9.0%)
- 5-year price change: +$143,466 (+42.1%)
- Typical home value: $484,293 (#15 most expensive city in metro)

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#10. Trenton, Trenton

- 1-year price change: +$40,636 (+11.5%)
- 5-year price change: +$141,458 (+55.7%)
- Typical home value: $395,524 (#35 most expensive city in metro)
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#9. Cedarburg, Cedarburg

- 1-year price change: +$42,438 (+10.7%)
- 5-year price change: +$131,733 (+42.6%)
- Typical home value: $440,828 (#22 most expensive city in metro)
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#8. Whitefish Bay, Whitefish Bay

- 1-year price change: +$43,750 (+8.5%)
- 5-year price change: +$174,261 (+45.7%)
- Typical home value: $555,466 (#8 most expensive city in metro)
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#7. Nashotah, Nashotah

- 1-year price change: +$45,599 (+9.4%)
- 5-year price change: +$160,276 (+43.2%)
- Typical home value: $531,539 (#10 most expensive city in metro)
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#6. North Prairie, North Prairie

- 1-year price change: +$46,650 (+12.5%)
- 5-year price change: +$134,152 (+47.0%)
- Typical home value: $419,420 (#28 most expensive city in metro)

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#5. Delafield, Delafield

- 1-year price change: +$46,712 (+8.3%)
- 5-year price change: +$169,243 (+38.4%)
- Typical home value: $609,431 (#4 most expensive city in metro)
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#4. Summit, Summit

- 1-year price change: +$50,728 (+9.3%)
- 5-year price change: +$167,363 (+38.9%)
- Typical home value: $597,076 (#5 most expensive city in metro)
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#3. Okauchee, Okauchee

- 1-year price change: +$52,099 (+10.4%)
- 5-year price change: +$202,901 (+58.3%)
- Typical home value: $550,780 (#9 most expensive city in metro)
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#2. Chenequa, Chenequa

- 1-year price change: +$144,084 (+9.5%)
- 5-year price change: +$202,901 (data not available)
- Typical home value: $1,663,298 (#1 most expensive city in metro)
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#1. Oconomowoc Lake, Oconomowoc Lake

- 1-year price change: +$169,058 (+12.1%)
- 5-year price change: +$461,027 (+41.7%)
- Typical home value: $1,565,568 (#2 most expensive city in metro)

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