Oak Creek, WI—53154
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oak Creek, WI
As of Oct '25, the median home price in Oak Creek, WI is $391,000, with a year-over-year change of 2.5%. This indicates that home prices in Oak Creek, 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 | $391,000 | 2.5% |
| Single Family | $406,000 | 2.3% |
| Condos | $260,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $265,000 | 2.7% |
3 Bed | $403,000 | 3.6% |
4 Bed | $491,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oak Creek, WI
As of July '25, Rentcast reports the average rent in Oak Creek, WI is $2,370, with a year-over-year rent change of 17.9%. Per bedroom, the median rent as of July '25 in Oak Creek, WI is studios: $1,420, 1-bedrooms: $1,700, 2-bedrooms: $2,820, 3-bedrooms: $2,870, 4-bedrooms: $3,990. The most common rental property sizes in Oak Creek, WI are 2-bedroom and 1-bedroom, accounting for 42.4% and 41.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,270 | $2,370 |
| Studio Rent | $1,420 | $1,420 |
| 1 Bed Rent | $1,600 | $1,700 |
| 2 Bed Rent | $2,750 | $2,820 |
| 3 Bed Rent | $3,000 | $2,870 |
| 4 Bed Rent | $3,990 | $3,990 |
% of Rental Stock
Property Listings — Oak Creek, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Oak Creek, 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 81.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | -4.0% |
Listing Count | 59 | -23.0% |
| Listings as % of Homes | 0.4% | -23.0% |
Days on Market | 36 | 11.0% |
Demographics — Oak Creek, WI
As of the latest ACS Survey released in 2023, Oak Creek, WI has a population of 36,500, which has increased by 1.8% over the past 5 years. Oak Creek, WI is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 38.4% 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 | 36,500 | 1.8% |
% Under 18 | 22.1% | -2.6% |
% Seniors | 13.9% | 10.3% |
% WFH | 11.4% | 245.5% |
% w/ College Degree | 38.4% | 16.0% |
As of the latest ACS Survey released in 2023, Oak Creek, WI is a predominantly white area, with 73.7% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Oak Creek, WI is hispanic, making up 12.1% of the population. Foreign-born residents account for 10.9% of the population in Oak Creek, WI, and this percentage has increased by 25.3% 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 | 73.7% | -6.9% |
% Black | 3.8% | 2.7% |
% Hispanic | 12.1% | 49.4% |
% Asian | 6.6% | 1.5% |
% Foreign Born | 10.9% | 25.3% |
Mortgage and Risk — Oak Creek, WI
According to HUD data as of 2023, there were 717 mortgage originations in Oak Creek, WI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Oak Creek, WI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 717 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Oak Creek, WI
As of 2024, the percent of homes in Oak Creek, WI under the Section 8 program is 5.6%. 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 Oak Creek, 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 | 394 |
Total Units Section 8 | 355 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 93.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $1,600 | $1,350 |
| 2 Bedroom | -$1,140 | $2,750 | $1,610 |
| 3 Bedroom | -$1,000 | $3,000 | $2,000 |
| 4 Bedroom | -$1,810 | $3,990 | $2,180 |
Affordability — Oak Creek, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $391,000 |
| Median Household Income | $93,100 |