Oconomowoc, WI—53066
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oconomowoc, WI
As of Oct '25, the median home price in Oconomowoc, WI is $554,000, with a year-over-year change of 3.8%. This indicates that home prices in Oconomowoc, WI are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $554,000 | 3.8% |
| Single Family | $561,000 | 3.9% |
| Condos | $466,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $376,000 | 4.4% |
3 Bed | $474,000 | 4.6% |
4 Bed | $614,000 | 4.4% |
| 5 Bed | $792,000 | 4.8% |
% of Housing Stock
Rental Trends — Oconomowoc, WI
As of July '25, Rentcast reports the average rent in Oconomowoc, WI is $2,220, with a year-over-year rent change of -17.2%. Per bedroom, the median rent as of July '25 in Oconomowoc, WI is studios: $1,360, 1-bedrooms: $1,290, 2-bedrooms: $2,120, 3-bedrooms: $3,120, 4-bedrooms: $3,540. The most common rental property sizes in Oconomowoc, WI are 1-bedroom and 2-bedroom, accounting for 34.2% and 33.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $2,220 |
| Studio Rent | $1,320 | $1,360 |
| 1 Bed Rent | $1,250 | $1,290 |
| 2 Bed Rent | $1,800 | $2,120 |
| 3 Bed Rent | $2,750 | $3,120 |
| 4 Bed Rent | $3,500 | $3,540 |
% of Rental Stock
Property Listings — Oconomowoc, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Oconomowoc, WI is 40. This is a increase of 9.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $643,000 | 7.0% |
Listing Count | 155 | -3.0% |
| Listings as % of Homes | 0.5% | -3.0% |
Days on Market | 40 | 9.0% |
Demographics — Oconomowoc, WI
As of the latest ACS Survey released in 2023, Oconomowoc, WI has a population of 37,100, which has increased by 6.1% over the past 5 years. Oconomowoc, WI is a moderately popular place for families, as children make up 19.5% of the population. The area has a highly educated workforce, with 46.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,100 | 6.1% |
% Under 18 | 19.5% | -18.1% |
% Seniors | 21.7% | 30.7% |
% WFH | 14.6% | 160.7% |
% w/ College Degree | 46.9% | 5.4% |
As of the latest ACS Survey released in 2023, Oconomowoc, WI is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Oconomowoc, WI is hispanic, making up 2.4% of the population. Foreign-born residents account for 2.3% of the population in Oconomowoc, WI, and this percentage has increased by 9.5% 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 | 93.0% | -1.9% |
% Black | 0.9% | -18.2% |
% Hispanic | 2.4% | -7.7% |
% Asian | 0.6% | 0.0% |
% Foreign Born | 2.3% | 9.5% |
Mortgage and Risk — Oconomowoc, WI
According to HUD data as of 2023, there were 1075 mortgage originations in Oconomowoc, WI, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Oconomowoc, 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 | 1,075 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Oconomowoc, WI
As of 2024, the percent of homes in Oconomowoc, WI under the Section 8 program is 6.8%. 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 Oconomowoc, 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 | 212 |
Total Units Section 8 | 212 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 87.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,250 | $1,160 |
| 2 Bedroom | -$410 | $1,800 | $1,390 |
| 3 Bedroom | -$1,010 | $2,750 | $1,740 |
| 4 Bedroom | -$1,610 | $3,500 | $1,890 |
Affordability — Oconomowoc, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $554,000 |
| Median Household Income | $111,000 |