Elm Grove, WI—53122
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elm Grove, WI
As of Oct '25, the median home price in Elm Grove, WI is $654,000, with a year-over-year change of 5.8%. This indicates that home prices in Elm Grove, 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 | $654,000 | 5.8% |
| Single Family | $710,000 | 6.0% |
| Condos | $330,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $347,000 | 1.2% |
3 Bed | $580,000 | 5.8% |
4 Bed | $765,000 | 5.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elm Grove, WI
As of July '25, Rentcast reports the average rent in Elm Grove, WI is $2,450, with a year-over-year rent change of 11.4%. Per bedroom, the median rent as of July '25 in Elm Grove, WI is 1-bedrooms: $1,920, 2-bedrooms: $1,850, 3-bedrooms: $2,550. The most common rental property sizes in Elm Grove, WI are 2-bedroom and 1-bedroom, accounting for 65.5% and 19.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,920 | $1,920 |
| 2 Bed Rent | $1,300 | $1,850 |
| 3 Bed Rent | $2,500 | $2,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elm Grove, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Elm Grove, WI is 26. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $549,000 | 5.0% |
Listing Count | 17 | 15.0% |
| Listings as % of Homes | 0.3% | 15.0% |
Days on Market | 26 | -19.0% |
Demographics — Elm Grove, WI
As of the latest ACS Survey released in 2023, Elm Grove, WI has a population of 6,470, which has increased by 4.8% over the past 5 years. Elm Grove, WI is a popular place for families, as children make up 27.2% of the population. The area has a highly educated workforce, with 66.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,470 | 4.8% |
% Under 18 | 27.2% | 16.2% |
% Seniors | 22.4% | -11.1% |
% WFH | 22.2% | 109.4% |
% w/ College Degree | 66.8% | -0.4% |
As of the latest ACS Survey released in 2023, Elm Grove, WI is a predominantly white area, with 90.3% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Elm Grove, WI is hispanic, making up 3.0% of the population. Foreign-born residents account for 2.9% of the population in Elm Grove, WI, and this percentage has decreased by 44.2% 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 | 90.3% | 0.7% |
% Black | 0.2% | -93.5% |
% Hispanic | 3.0% | 66.7% |
% Asian | 2.3% | -25.8% |
% Foreign Born | 2.9% | -44.2% |
Mortgage and Risk — Elm Grove, WI
According to HUD data as of 2023, there were 156 mortgage originations in Elm Grove, WI, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Elm Grove, WI. Investor activity is low, as 2.0% 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 | 156 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Elm Grove, WI
Elm Grove, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$560 | $1,920 | $1,360 |
| 2 Bedroom | $320 | $1,300 | $1,620 |
| 3 Bedroom | -$490 | $2,500 | $2,010 |
| 4 Bedroom | N/A | N/A | $2,190 |
Affordability — Elm Grove, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $654,000 |
| Median Household Income | $133,000 |