Verona, WI—53593
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Verona, WI
As of Oct '25, the median home price in Verona, WI is $586,000, with a year-over-year change of 1.4%. This indicates that home prices in Verona, WI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $586,000 | 1.4% |
| Single Family | $601,000 | 1.0% |
| Condos | $368,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $346,000 | 2.7% |
3 Bed | $499,000 | 1.8% |
4 Bed | $647,000 | 1.6% |
| 5 Bed | $861,000 | 1.9% |
% of Housing Stock
Rental Trends — Verona, WI
As of July '25, Rentcast reports the average rent in Verona, WI is $2,290, with a year-over-year rent change of -6.5%. Per bedroom, the median rent as of July '25 in Verona, WI is studios: $1,460, 1-bedrooms: $1,490, 2-bedrooms: $1,460, 3-bedrooms: $2,900, 4-bedrooms: $3,330. The most common rental property sizes in Verona, WI are 1-bedroom and 2-bedroom, accounting for 45.1% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,290 |
| Studio Rent | $1,350 | $1,460 |
| 1 Bed Rent | $1,600 | $1,490 |
| 2 Bed Rent | $1,350 | $1,460 |
| 3 Bed Rent | $2,800 | $2,900 |
| 4 Bed Rent | $3,650 | $3,330 |
% of Rental Stock
Property Listings — Verona, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Verona, WI is 59. This is a increase of 27.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $610,000 | -3.0% |
Listing Count | 114 | 22.0% |
| Listings as % of Homes | 0.5% | 22.0% |
Days on Market | 59 | 27.0% |
Demographics — Verona, WI
As of the latest ACS Survey released in 2023, Verona, WI has a population of 29,500, which has increased by 26.8% over the past 5 years. Verona, WI is a popular place for families, as children make up 25.7% of the population. The area has a highly educated workforce, with 67.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,500 | 26.8% |
% Under 18 | 25.7% | -5.5% |
% Seniors | 12.8% | 21.9% |
% WFH | 23.3% | 331.5% |
% w/ College Degree | 67.7% | 9.9% |
As of the latest ACS Survey released in 2023, Verona, WI is a predominantly white area, with 84.6% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Verona, WI is asian, making up 6.4% of the population. Foreign-born residents account for 7.4% of the population in Verona, WI, and this percentage has increased by 60.9% 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 | 84.6% | -6.0% |
% Black | 1.7% | -5.6% |
% Hispanic | 3.6% | 125.0% |
% Asian | 6.4% | 68.4% |
% Foreign Born | 7.4% | 60.9% |
Mortgage and Risk — Verona, WI
According to HUD data as of 2023, there were 908 mortgage originations in Verona, WI, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Verona, WI. Investor activity is low, as 1.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 908 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Verona, WI
As of 2024, the percent of homes in Verona, WI under the Section 8 program is 1.0%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Verona, WI, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 38 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,600 | $1,450 |
| 2 Bedroom | $310 | $1,350 | $1,660 |
| 3 Bedroom | -$620 | $2,800 | $2,180 |
| 4 Bedroom | -$1,210 | $3,650 | $2,440 |
Affordability — Verona, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $586,000 |
| Median Household Income | $136,000 |