Wauwatosa, WI—53226
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wauwatosa, WI
Home Price Trends — Wauwatosa, WI
As of Oct '25, the median home price in Wauwatosa, WI is $393,000, with a year-over-year change of 3.8%. This indicates that home prices in Wauwatosa, WI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $393,000 | 3.8% |
| Single Family | $399,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $304,000 | 4.1% |
3 Bed | $383,000 | 3.5% |
4 Bed | $466,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wauwatosa, WI
As of July '25, Rentcast reports the average rent in Wauwatosa, WI is $1,630, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Wauwatosa, WI is studios: $1,510, 1-bedrooms: $1,180, 2-bedrooms: $1,700, 3-bedrooms: $2,540. The most common rental property sizes in Wauwatosa, WI are 2-bedroom and 1-bedroom, accounting for 40.6% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,440 | $1,630 |
| Studio Rent | $1,530 | $1,510 |
| 1 Bed Rent | $1,150 | $1,180 |
| 2 Bed Rent | $1,580 | $1,700 |
| 3 Bed Rent | $2,600 | $2,540 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wauwatosa, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Wauwatosa, WI is 22. This is a decrease of -4.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $412,000 | 16.0% |
Listing Count | 35 | -19.0% |
| Listings as % of Homes | 0.1% | -19.0% |
Days on Market | 22 | -4.0% |
Demographics — Wauwatosa, WI
As of the latest ACS Survey released in 2023, Wauwatosa, WI has a population of 18,900, which has remained stable by -0.1% over the past 5 years. Wauwatosa, WI is a moderately popular place for families, as children make up 18.4% of the population. The area has a highly educated workforce, with 59.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,900 | -0.1% |
% Under 18 | 18.4% | -6.1% |
% Seniors | 18.5% | 6.3% |
% WFH | 16.6% | 304.9% |
% w/ College Degree | 59.9% | 3.3% |
As of the latest ACS Survey released in 2023, Wauwatosa, WI is a predominantly white area, with 78.6% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Wauwatosa, WI is black, making up 7.2% of the population. Foreign-born residents account for 5.9% of the population in Wauwatosa, WI, and this percentage has decreased by 1.7% 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 | 78.6% | -5.5% |
% Black | 7.2% | 105.7% |
% Hispanic | 5.4% | 22.7% |
% Asian | 4.7% | -19.0% |
% Foreign Born | 5.9% | -1.7% |
Mortgage and Risk — Wauwatosa, WI
According to HUD data as of 2023, there were 420 mortgage originations in Wauwatosa, WI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Wauwatosa, WI. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 420 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Wauwatosa, WI
Wauwatosa, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 184 |
Total Units Section 8 | 184 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 91.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,150 | $1,180 |
| 2 Bedroom | -$170 | $1,580 | $1,410 |
| 3 Bedroom | -$850 | $2,600 | $1,750 |
| 4 Bedroom | N/A | N/A | $1,910 |
Affordability — Wauwatosa, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $393,000 |
| Median Household Income | $86,400 |