Brookfield, WI—53045
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 $524,000, with a year-over-year change of 4.5%. This indicates that home prices in Brookfield, WI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $524,000 | 4.5% |
| Single Family | $569,000 | 5.6% |
| Condos | $398,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $390,000 | 4.6% |
3 Bed | $460,000 | 4.5% |
4 Bed | $634,000 | 5.5% |
| 5 Bed | $861,000 | 5.0% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% 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 29. This is a increase of 23.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $557,000 | -1.0% |
Listing Count | 77 | 15.0% |
| Listings as % of Homes | 0.2% | 15.0% |
Days on Market | 29 | 23.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,100 | 7.3% |
% Under 18 | 21.5% | -0.9% |
% Seniors | 25.4% | 9.5% |
% WFH | 18.2% | 184.4% |
% w/ College Degree | 61.9% | -3.0% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $524,000 |
| Median Household Income | $117,000 |