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Brookfield, WI—53045

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$555,000
5.0% YoY Growth
Household Income
$117,000
10.3% YoY Growth
Days on Market
29
4.0% Longer YoY
Home Price Forecast
1.2%
Median Rent
$2,400
3.3% YoY Growth
1-Bed Rent
$1,650
N/A
2-Bed Rent
$2,200
19.7% YoY Growth
3-Bed Rent
$2,600
24.7% YoY Growth

Other Zip Codes in Brookfield, WI

53005
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Brookfield, WI

As of May '26, the median home price in Brookfield, WI is $555,000, with a year-over-year change of 5.0%. This indicates that home prices in Brookfield, WI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$555,0005.0%
Single Family $604,0005.4%
Condos $414,0003.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$403,0003.6%
    3 Bed
    		$489,0004.5%
    4 Bed
    		$672,0005.0%
    5 Bed $911,4545.7%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    7.0%
    2 Bedrooms
    24.7%
    3 Bedrooms
    28.6%
    4 Bedrooms
    29.4%
    5+ Bedrooms
    8.9%

    Rental Trends — Brookfield, WI

    As of July '25, Rentcast reports the average rent in Brookfield, WI is $2,510, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Brookfield, WI is studios: $2,210, 1-bedrooms: $1,540, 2-bedrooms: $2,250, 3-bedrooms: $2,730, 4-bedrooms: $3,070. The most common rental property sizes in Brookfield, WI are 2-bedroom and 1-bedroom, accounting for 52.2% and 25.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,400$2,510
    Studio Rent $2,210$2,210
    1 Bed Rent $1,650$1,540
    2 Bed Rent $2,200$2,250
    3 Bed Rent $2,600$2,730
    4 Bed Rent $3,000$3,070
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    % of Rental Stock

    Studio
    5.9%
    1 Bedroom
    25.8%
    2 Bedrooms
    52.2%
    3 Bedrooms
    12.8%
    4 Bedrooms
    3.4%

    Property Listings — Brookfield, WI

    As of May '26, Realtor.com reports that the median days on market for a home in Brookfield, WI is 29. This is a increase of 4.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$585,000-11.0%
    Listing Count
    		889.0%
    Listings as % of Homes0.2%9.0%
    Days on Market
    		294.0%
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    Demographics — Brookfield, WI

    As of the latest ACS Survey released in 2023, Brookfield, WI has a population of 23,100, which has increased by 7.3% over the past 5 years. Brookfield, WI is a moderately popular place for families, as children make up 21.5% of the population. The area has a highly educated workforce, with 61.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		23,1007.3%
    % Under 18
    		21.5%-0.9%
    % Seniors
    		25.4%9.5%
    % WFH
    		18.2%184.4%
    % w/ College Degree
    		61.9%-3.0%
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    As of the latest ACS Survey released in 2023, Brookfield, WI is a predominantly white area, with 78.7% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Brookfield, WI is asian, making up 12.2% of the population. Foreign-born residents account for 11.7% of the population in Brookfield, WI, and this percentage has decreased by 7.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		78.7%-5.9%
    % Black
    		1.3%85.7%
    % Hispanic
    		3.1%55.0%
    % Asian
    		12.2%2.5%
    % Foreign Born
    		11.7%-7.1%
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    Mortgage and Risk — Brookfield, WI

    According to HUD data as of 2023, there were 639 mortgage originations in Brookfield, WI, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Brookfield, WI. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		639
    % Conventional Loans
    		97.0%
    % Government Loans
    		3.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Brookfield, WI

    As of 2024, the percent of homes in Brookfield, WI under the Section 8 program is 1.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Brookfield, WI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		46
    Total Units Section 8
    		46
    % Rentals under Section 8
    		1.8%
    % Occupied Section 8
    		70.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$60$1,650$1,590
    2 Bedroom-$310$2,200$1,890
    3 Bedroom-$260$2,600$2,340
    4 Bedroom-$440$3,000$2,560

    Affordability — Brookfield, WI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4
    Median Home Price$555,000
    Median Household Income$117,000

    Brookfield, WI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Brookfield, WI

    53005

    Waukesha, WI

    53186

    Elm Grove, WI

    53122

    New Berlin, WI

    53146

    Lannon, WI

    53046

    Frequently Asked Questions