Brookfield, WI—53005
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Brookfield, WI
Home Price Trends — Brookfield, WI
As of Oct '25, the median home price in Brookfield, WI is $482,000, with a year-over-year change of 4.6%. This indicates that home prices in Brookfield, WI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $482,000 | 4.6% |
| Single Family | $477,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $422,000 | 4.7% |
3 Bed | $436,000 | 4.3% |
4 Bed | $575,000 | 6.1% |
| 5 Bed | $702,000 | 5.9% |
% of Housing Stock
Rental Trends — Brookfield, WI
As of July '25, Rentcast reports the average rent in Brookfield, WI is $3,040, with a year-over-year rent change of -10.1%. Per bedroom, the median rent as of July '25 in Brookfield, WI is 2-bedrooms: $2,800, 3-bedrooms: $2,840, 4-bedrooms: $3,830. The most common rental property sizes in Brookfield, WI are 2-bedroom and 1-bedroom, accounting for 57.1% and 19.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,250 | $3,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,040 | $2,800 |
| 3 Bed Rent | $2,950 | $2,840 |
| 4 Bed Rent | $3,500 | $3,830 |
% of Rental Stock
Property Listings — Brookfield, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Brookfield, WI is 26. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 17.0% |
Listing Count | 49 | -7.0% |
| Listings as % of Homes | 0.2% | -7.0% |
Days on Market | 26 | 3.0% |
Demographics — Brookfield, WI
As of the latest ACS Survey released in 2023, Brookfield, WI has a population of 22,100, which has increased by 10.7% over the past 5 years. Brookfield, WI is a moderately popular place for families, as children make up 24.1% of the population. The area has a highly educated workforce, with 62.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,100 | 10.7% |
% Under 18 | 24.1% | 1.3% |
% Seniors | 21.0% | 3.4% |
% WFH | 20.0% | 400.0% |
% w/ College Degree | 62.2% | 8.0% |
As of the latest ACS Survey released in 2023, Brookfield, WI is a predominantly white area, with 78.6% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Brookfield, WI is asian, making up 10.5% of the population. Foreign-born residents account for 11.2% of the population in Brookfield, WI, and this percentage has increased by 3.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.6% | -7.1% |
% Black | 0.4% | -75.0% |
% Hispanic | 5.2% | 73.3% |
% Asian | 10.5% | 20.7% |
% Foreign Born | 11.2% | 3.7% |
Mortgage and Risk — Brookfield, WI
According to HUD data as of 2023, there were 509 mortgage originations in Brookfield, WI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Brookfield, WI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 509 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Brookfield, WI
Brookfield, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,590 |
| 2 Bedroom | -$150 | $2,040 | $1,890 |
| 3 Bedroom | -$610 | $2,950 | $2,340 |
| 4 Bedroom | -$940 | $3,500 | $2,560 |
Affordability — Brookfield, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $482,000 |
| Median Household Income | $123,000 |