Mukwonago, WI—53149
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mukwonago, WI
As of Oct '25, the median home price in Mukwonago, WI is $490,000, with a year-over-year change of 2.9%. This indicates that home prices in Mukwonago, 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 | $490,000 | 2.9% |
| Single Family | $504,000 | 3.7% |
| Condos | $364,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $354,000 | 4.7% |
3 Bed | $463,000 | 4.3% |
4 Bed | $576,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mukwonago, WI
As of July '25, Rentcast reports the average rent in Mukwonago, WI is $1,880, with a year-over-year rent change of -17.5%. Per bedroom, the median rent as of July '25 in Mukwonago, WI is 2-bedrooms: $1,920, 3-bedrooms: $1,840. The most common rental property sizes in Mukwonago, WI are 2-bedroom and 1-bedroom, accounting for 48.1% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,250 | $1,920 |
| 3 Bed Rent | $1,800 | $1,840 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mukwonago, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Mukwonago, WI is 37. This is a decrease of -8.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $504,000 | 7.0% |
Listing Count | 64 | -18.0% |
| Listings as % of Homes | 0.6% | -18.0% |
Days on Market | 37 | -8.0% |
Demographics — Mukwonago, WI
As of the latest ACS Survey released in 2023, Mukwonago, WI has a population of 19,600, which has remained stable by -0.5% over the past 5 years. Mukwonago, WI is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 40.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | -0.5% |
% Under 18 | 23.4% | 2.6% |
% Seniors | 16.8% | 15.9% |
% WFH | 11.4% | 128.0% |
% w/ College Degree | 40.0% | 17.0% |
As of the latest ACS Survey released in 2023, Mukwonago, WI is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Mukwonago, WI is hispanic, making up 5.2% of the population. Foreign-born residents account for 2.6% of the population in Mukwonago, WI, and this percentage has increased by 36.8% 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 | 90.0% | -3.2% |
% Black | 0.7% | -46.2% |
% Hispanic | 5.2% | 73.3% |
% Asian | 1.6% | 77.8% |
% Foreign Born | 2.6% | 36.8% |
Mortgage and Risk — Mukwonago, WI
According to HUD data as of 2023, there were 335 mortgage originations in Mukwonago, WI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Mukwonago, 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 | 335 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mukwonago, WI
Mukwonago, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,060 |
| 2 Bedroom | $20 | $1,250 | $1,270 |
| 3 Bedroom | -$230 | $1,800 | $1,570 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Mukwonago, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $490,000 |
| Median Household Income | $113,000 |