Oak Creek, WI 53154 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Oak Creek, WI—53154

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$418,000

7.0% YoY Growth

Household Income

$93,100

28.1% YoY Growth

Days on Market

0.0% Longer YoY

Home Price Forecast

0.8%

Median Rent

$2,270

17.9% YoY Growth

1-Bed Rent

$1,600

119.4% YoY Growth

2-Bed Rent

$2,750

49.2% YoY Growth

3-Bed Rent

$3,000

10.0% YoY Growth

Home Price Trends — Oak Creek, WI

As of May '26, the median home price in Oak Creek, WI is $418,000, with a year-over-year change of 7.0%. This indicates that home prices in Oak Creek, WI are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$418,000	7.0%
Single Family	$433,000	6.1%
Condos	$273,000	-2.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.3%

1 Bedroom

41.7%

2 Bedrooms

42.4%

3 Bedrooms

10.5%

4 Bedrooms

2.8%

5+ Bedrooms

0.3%

Property Listings — Oak Creek, WI

As of May '26, Realtor.com reports that the median days on market for a home in Oak Creek, WI is 28. This is a decrease of 0.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$425,000	-7.0%
Listing Count	71	-18.0%
Listings as % of Homes	0.4%	-18.0%
Days on Market	28	0.0%

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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%

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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%

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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%

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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

Oak Creek, WI—53154

Key Metrics at a Glance

Home Price Trends — Oak Creek, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Creek, WI

% of Rental Stock

Property Listings — Oak Creek, WI

Demographics — Oak Creek, WI

Race and Ethnicity

Mortgage and Risk — Oak Creek, WI

Mortgages

Rentals and Section 8 — Oak Creek, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Creek, WI

Home Price to Income Ratio

Oak Creek, WI — ZIP Code Boundary Map

Nearby ZIP Codes

South Milwaukee, WI

Raymond, WI

Cudahy, WI

Tippecanoe, Milwaukee, WI

Bay View, Milwaukee, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$418,000
Median Household Income	$93,100

Oak Creek, WI—53154

Key Metrics at a Glance

Home Price Trends — Oak Creek, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Creek, WI

% of Rental Stock

Property Listings — Oak Creek, WI

Demographics — Oak Creek, WI

Race and Ethnicity

Mortgage and Risk — Oak Creek, WI

Mortgages

Rentals and Section 8 — Oak Creek, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Creek, WI

Home Price to Income Ratio

Oak Creek, WI — ZIP Code Boundary Map

Nearby ZIP Codes

South Milwaukee, WI

Raymond, WI

Cudahy, WI

Tippecanoe, Milwaukee, WI

Bay View, Milwaukee, WI

Frequently Asked Questions

What is the average home price in Oak Creek, WI 53154?

How have home prices in Oak Creek, WI 53154 changed over the past year?

What is the home price projection for Oak Creek, WI 53154?

What are the demographics of Oak Creek, WI 53154?

How long does it take homes to sell in Oak Creek, WI 53154?

What is the average rent price in Oak Creek, WI 53154?