Cities with the most expensive homes in the Milwaukee metro area
Cities with the most expensive homes in the Milwaukee metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights affordability plays a huge role for buyers.
The typical home value in the United States was a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Milwaukee metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#30. Oconomowoc, WI
- Typical home value: $437,705
- 1-year price change: +5.0%
- 5-year price change: +42.2%
#29. Sussex, WI
- Typical home value: $440,174
- 1-year price change: +6.4%
- 5-year price change: +32.9%
#28. Muskego, WI
- Typical home value: $448,982
- 1-year price change: +4.4%
- 5-year price change: +35.3%
#27. Eagle, WI
- Typical home value: $453,736
- 1-year price change: +4.4%
- 5-year price change: +38.6%
#26. Brookfield, WI
- Typical home value: $454,827
- 1-year price change: +5.8%
- 5-year price change: +39.1%
#25. Pewaukee, WI
- Typical home value: $466,186
- 1-year price change: +2.1%
- 5-year price change: +32.4%
#24. Wayne, WI
- Typical home value: $470,625
- 1-year price change: +1.2%
- 5-year price change: +44.5%
#23. Vernon, WI
- Typical home value: $472,283
- 1-year price change: +5.1%
- 5-year price change: +37.0%
#22. Wales, WI
- Typical home value: $474,561
- 1-year price change: +8.2%
- 5-year price change: +40.6%
#21. Shorewood, WI
- Typical home value: $478,210
- 1-year price change: +7.2%
- 5-year price change: +37.1%
#20. Cedarburg, WI
- Typical home value: $485,349
- 1-year price change: +5.8%
- 5-year price change: +37.1%
#19. Lisbon, WI
- Typical home value: $502,441
- 1-year price change: +4.6%
- 5-year price change: +34.9%
#18. Bayside, WI
- Typical home value: $505,459
- 1-year price change: +7.3%
- 5-year price change: +37.0%
#17. Fox Point, WI
- Typical home value: $505,940
- 1-year price change: +9.0%
- 5-year price change: +39.7%
#16. Richfield, WI
- Typical home value: $509,181
- 1-year price change: +7.8%
- 5-year price change: +41.1%
#15. Polk, WI
- Typical home value: $523,566
- 1-year price change: -1.9%
- 5-year price change: +34.3%
#14. Genesee, WI
- Typical home value: $533,907
- 1-year price change: +5.5%
- 5-year price change: +41.2%
#13. Nashotah, WI
- Typical home value: $536,991
- 1-year price change: +4.2%
- 5-year price change: +43.7%
#12. Ottawa, WI
- Typical home value: $546,220
- 1-year price change: +3.0%
- 5-year price change: +38.7%
#11. Erin, WI
- Typical home value: $546,623
- 1-year price change: +2.9%
- 5-year price change: +39.1%
#10. Okauchee, WI
- Typical home value: $560,055
- 1-year price change: +2.0%
- 5-year price change: +53.5%
#9. Whitefish Bay, WI
- Typical home value: $563,312
- 1-year price change: +6.4%
- 5-year price change: +36.4%
#8. Mequon, WI
- Typical home value: $586,092
- 1-year price change: +0.4%
- 5-year price change: +26.0%
#7. Elm Grove, WI
- Typical home value: $586,710
- 1-year price change: +3.9%
- 5-year price change: +40.2%
#6. Merton, WI
- Typical home value: $629,169
- 1-year price change: +2.7%
- 5-year price change: +43.1%
#5. Delafield, WI
- Typical home value: $644,848
- 1-year price change: +2.9%
- 5-year price change: +40.7%
#4. Summit, WI
- Typical home value: $661,998
- 1-year price change: +0.7%
- 5-year price change: +41.6%
#3. River Hills, WI
- Typical home value: $877,447
- 1-year price change: +6.9%
- 5-year price change: +34.8%
#2. Oconomowoc Lake, WI
- Typical home value: $1,694,712
- 1-year price change: +0.1%
- 5-year price change: +62.5%
#1. Chenequa, WI
- Typical home value: $2,376,317
- 1-year price change: +1.0%
- 5-year price change: +66.0%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
