Waunakee, WI 53597 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Waunakee, WI—53597

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$573,000

3.0% YoY Growth

Household Income

$115,000

9.6% YoY Growth

Days on Market

16.0% Longer YoY

Home Price Forecast

2.1%

Median Rent

$1,480

1.1% YoY Growth

1-Bed Rent

$1,200

17.3% YoY Growth

2-Bed Rent

$1,400

7.6% YoY Growth

3-Bed Rent

$2,750

39.5% YoY Growth

Home Price Trends — Waunakee, WI

As of Dec '25, the median home price in Waunakee, WI is $573,000, with a year-over-year change of 3.0%. This indicates that home prices in Waunakee, WI are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$573,000	3.0%
Single Family	$599,000	3.3%
Condos	$340,000	0.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Waunakee, WI

As of July '25, Rentcast reports the average rent in Waunakee, WI is $1,880, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in Waunakee, WI is studios: $1,330, 1-bedrooms: $1,220, 2-bedrooms: $1,450, 3-bedrooms: $2,860, 4-bedrooms: $3,020. The most common rental property sizes in Waunakee, WI are 2-bedroom and 3-bedroom, accounting for 44.0% and 24.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,480	$1,880
Studio Rent	$1,330	$1,330
1 Bed Rent	$1,200	$1,220
2 Bed Rent	$1,400	$1,450
3 Bed Rent	$2,750	$2,860
4 Bed Rent	$2,900	$3,020

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% of Rental Stock

Studio

2.9%

1 Bedroom

23.0%

2 Bedrooms

44.0%

3 Bedrooms

24.7%

4 Bedrooms

5.2%

5+ Bedrooms

0.2%

Property Listings — Waunakee, WI

As of Dec '25, Realtor.com reports that the median days on market for a home in Waunakee, WI is 73. This is a increase of 19.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$760,000	-1.0%
Listing Count	82	51.0%
Listings as % of Homes	0.7%	51.0%
Days on Market	78	16.0%

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Demographics — Waunakee, WI

As of the latest ACS Survey released in 2023, Waunakee, WI has a population of 20,700, which has increased by 8.9% over the past 5 years. Waunakee, WI is a popular place for families, as children make up 25.7% of the population. The area has a highly educated workforce, with 57.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	20,700	8.9%
% Under 18	25.7%	-6.2%
% Seniors	18.4%	14.3%
% WFH	18.7%	149.3%
% w/ College Degree	57.5%	13.4%

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As of the latest ACS Survey released in 2023, Waunakee, WI is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Waunakee, WI is hispanic, making up 4.9% of the population. Foreign-born residents account for 4.3% of the population in Waunakee, WI, and this percentage has decreased by 4.4% 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	88.5%	-4.1%
% Black	1.3%	333.3%
% Hispanic	4.9%	28.9%
% Asian	1.5%	-28.6%
% Foreign Born	4.3%	-4.4%

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Mortgage and Risk — Waunakee, WI

According to HUD data as of 2023, there were 723 mortgage originations in Waunakee, WI, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Waunakee, WI. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	723
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	5.0%

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Rentals and Section 8 — Waunakee, WI

As of 2024, the percent of homes in Waunakee, WI under the Section 8 program is 1.6%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Waunakee, WI, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	31
Total Units Section 8	31
% Rentals under Section 8	1.6%
% Occupied Section 8	76.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$40	$1,200	$1,240
2 Bedroom	$20	$1,400	$1,420
3 Bedroom	-$880	$2,750	$1,870
4 Bedroom	-$820	$2,900	$2,080

Waunakee, WI—53597

Key Metrics at a Glance

Home Price Trends — Waunakee, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Waunakee, WI

% of Rental Stock

Property Listings — Waunakee, WI

Demographics — Waunakee, WI

Race and Ethnicity

Mortgage and Risk — Waunakee, WI

Mortgages

Rentals and Section 8 — Waunakee, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Waunakee, WI

Home Price to Income Ratio

Waunakee, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Dane, WI

Middleton, WI

Sunset Village, Madison, WI

Madison, WI

Regent, Madison, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.4
Median Home Price	$573,000
Median Household Income	$115,000

Waunakee, WI—53597

Key Metrics at a Glance

Home Price Trends — Waunakee, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Waunakee, WI

% of Rental Stock

Property Listings — Waunakee, WI

Demographics — Waunakee, WI

Race and Ethnicity

Mortgage and Risk — Waunakee, WI

Mortgages

Rentals and Section 8 — Waunakee, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Waunakee, WI

Home Price to Income Ratio

Waunakee, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Dane, WI

Middleton, WI

Sunset Village, Madison, WI

Madison, WI

Regent, Madison, WI

Frequently Asked Questions

What is the average home price in Waunakee, WI 53597?

How have home prices in Waunakee, WI 53597 changed over the past year?

What is the home price projection for Waunakee, WI 53597?

What are the demographics of Waunakee, WI 53597?

How long does it take homes to sell in Waunakee, WI 53597?

What is the average rent price in Waunakee, WI 53597?