Elm Grove, WI 53122 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elm Grove, WI—53122

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$647,000

6.1% YoY Growth

Household Income

$133,000

14.7% YoY Growth

Days on Market

20.0% Longer YoY

Home Price Forecast

2.1%

Median Rent

$2,400

11.4% YoY Growth

1-Bed Rent

$1,920

N/A

2-Bed Rent

$1,300

48.0% YoY Growth

3-Bed Rent

$2,500

9.9% YoY Growth

Home Price Trends — Elm Grove, WI

As of Dec '25, the median home price in Elm Grove, WI is $647,000, with a year-over-year change of 6.1%. This indicates that home prices in Elm Grove, WI are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$647,000	6.1%
Single Family	$704,000	6.2%
Condos	$326,000	0.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

19.8%

2 Bedrooms

65.5%

3 Bedrooms

10.5%

4 Bedrooms

4.3%

Property Listings — Elm Grove, WI

As of Dec '25, Realtor.com reports that the median days on market for a home in Elm Grove, WI is 56. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$415,000	18.0%
Listing Count	12	27.0%
Listings as % of Homes	0.3%	27.0%
Days on Market	46	20.0%

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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%

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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%

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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%

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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

Elm Grove, WI—53122

Key Metrics at a Glance

Home Price Trends — Elm Grove, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elm Grove, WI

% of Rental Stock

Property Listings — Elm Grove, WI

Demographics — Elm Grove, WI

Race and Ethnicity

Mortgage and Risk — Elm Grove, WI

Mortgages

Rentals and Section 8 — Elm Grove, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Elm Grove, WI

Home Price to Income Ratio

Elm Grove, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Brookfield, WI

Wauwatosa, WI

Mount Mary, Milwaukee, WI

Butler, WI

Brookfield, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$647,000
Median Household Income	$133,000

Elm Grove, WI—53122

Key Metrics at a Glance

Home Price Trends — Elm Grove, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elm Grove, WI

% of Rental Stock

Property Listings — Elm Grove, WI

Demographics — Elm Grove, WI

Race and Ethnicity

Mortgage and Risk — Elm Grove, WI

Mortgages

Rentals and Section 8 — Elm Grove, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Elm Grove, WI

Home Price to Income Ratio

Elm Grove, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Brookfield, WI

Wauwatosa, WI

Mount Mary, Milwaukee, WI

Butler, WI

Brookfield, WI

Frequently Asked Questions

What is the average home price in Elm Grove, WI 53122?

How have home prices in Elm Grove, WI 53122 changed over the past year?

What is the home price projection for Elm Grove, WI 53122?

What are the demographics of Elm Grove, WI 53122?

How long does it take homes to sell in Elm Grove, WI 53122?

What is the average rent price in Elm Grove, WI 53122?