New Berlin, WI—53146
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in New Berlin, WI
Home Price Trends — New Berlin, WI
As of Oct '25, the median home price in New Berlin, WI is $425,000, with a year-over-year change of 2.2%. This indicates that home prices in New Berlin, WI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $425,000 | 2.2% |
| Single Family | $429,000 | 2.6% |
| Condos | $348,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $307,000 | 2.7% |
3 Bed | $409,000 | 2.5% |
4 Bed | $502,000 | 2.9% |
| 5 Bed | $777,000 | 1.4% |
% of Housing Stock
Rental Trends — New Berlin, WI
As of July '25, Rentcast reports the average rent in New Berlin, WI is $6,500, with a year-over-year rent change of 225.0%. Per bedroom, the median rent as of July '25 in New Berlin, WI is 3-bedrooms: $6,500. The most common rental property sizes in New Berlin, WI are 2-bedroom and 1-bedroom, accounting for 55.1% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,500 | $6,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $6,500 | $6,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Berlin, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in New Berlin, WI is 35. 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $427,000 | -10.0% |
Listing Count | 16 | -21.0% |
| Listings as % of Homes | 0.3% | -21.0% |
Days on Market | 35 | -1.0% |
Demographics — New Berlin, WI
As of the latest ACS Survey released in 2023, New Berlin, WI has a population of 7,350, which has decreased by -10.9% over the past 5 years. New Berlin, WI is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 44.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,350 | -10.9% |
% Under 18 | 21.9% | 11.7% |
% Seniors | 27.4% | 29.9% |
% WFH | 14.1% | 442.3% |
% w/ College Degree | 44.7% | 35.5% |
As of the latest ACS Survey released in 2023, New Berlin, WI is a predominantly white area, with 91.7% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in New Berlin, WI is hispanic, making up 3.3% of the population. Foreign-born residents account for 2.6% of the population in New Berlin, WI, and this percentage has decreased by 35.0% 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 | 91.7% | -1.6% |
% Black | 2.5% | 2,400.0% |
% Hispanic | 3.3% | 22.2% |
% Asian | 0.7% | -76.7% |
% Foreign Born | 2.6% | -35.0% |
Mortgage and Risk — New Berlin, WI
According to HUD data as of 2023, there were 275 mortgage originations in New Berlin, WI, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in New Berlin, WI. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 275 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — New Berlin, WI
New Berlin, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,160 |
| 2 Bedroom | N/A | N/A | $1,380 |
| 3 Bedroom | -$4,790 | $6,500 | $1,710 |
| 4 Bedroom | N/A | N/A | $1,870 |
Affordability — New Berlin, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $425,000 |
| Median Household Income | $96,000 |