Oconomowoc, WI 53066 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Oconomowoc, WI—53066

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$580,000

6.3% YoY Growth

Household Income

$111,000

20.7% YoY Growth

Days on Market

11.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$1,750

17.2% YoY Growth

1-Bed Rent

$1,250

7.5% YoY Growth

2-Bed Rent

$1,800

5.0% YoY Growth

3-Bed Rent

$2,750

19.0% YoY Growth

Home Price Trends — Oconomowoc, WI

As of May '26, the median home price in Oconomowoc, WI is $580,000, with a year-over-year change of 6.3%. This indicates that home prices in Oconomowoc, WI are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$580,000	6.3%
Single Family	$589,000	6.1%
Condos	$478,000	5.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.8%

1 Bedroom

34.2%

2 Bedrooms

33.9%

3 Bedrooms

22.3%

4 Bedrooms

5.1%

5+ Bedrooms

1.5%

Property Listings — Oconomowoc, WI

As of May '26, Realtor.com reports that the median days on market for a home in Oconomowoc, WI is 36. This is a increase of 11.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$665,000	4.0%
Listing Count	152	9.0%
Listings as % of Homes	0.5%	9.0%
Days on Market	36	11.0%

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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%

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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%

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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%

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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

Oconomowoc, WI—53066

Key Metrics at a Glance

Home Price Trends — Oconomowoc, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oconomowoc, WI

% of Rental Stock

Property Listings — Oconomowoc, WI

Demographics — Oconomowoc, WI

Race and Ethnicity

Mortgage and Risk — Oconomowoc, WI

Mortgages

Rentals and Section 8 — Oconomowoc, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Oconomowoc, WI

Home Price to Income Ratio

Oconomowoc, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Okauchee, WI

Nashotah, WI

Ashippun

Ixonia, WI

Delafield, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.4
Median Home Price	$580,000
Median Household Income	$111,000

Oconomowoc, WI—53066

Key Metrics at a Glance

Home Price Trends — Oconomowoc, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oconomowoc, WI

% of Rental Stock

Property Listings — Oconomowoc, WI

Demographics — Oconomowoc, WI

Race and Ethnicity

Mortgage and Risk — Oconomowoc, WI

Mortgages

Rentals and Section 8 — Oconomowoc, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Oconomowoc, WI

Home Price to Income Ratio

Oconomowoc, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Okauchee, WI

Nashotah, WI

Ashippun

Ixonia, WI

Delafield, WI

Frequently Asked Questions

What is the average home price in Oconomowoc, WI 53066?

How have home prices in Oconomowoc, WI 53066 changed over the past year?

What is the home price projection for Oconomowoc, WI 53066?

What are the demographics of Oconomowoc, WI 53066?

How long does it take homes to sell in Oconomowoc, WI 53066?

What is the average rent price in Oconomowoc, WI 53066?