Mukwonago, WI53149

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$495,000
2.9% YoY Growth
Median Household Income
$113,000
19.8% 5-Year Growth
Days on Market
28
11.0% Shorter than last year
Home Price Forecast
1.4%
Median Rent
$1,800
17.5% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,250
15.8% YoY Growth
3-Bed Rent
$1,800
18.9% YoY Growth

Property Listings — Mukwonago, WI

As of Aug '25 and according to Realtor.com, the median days on market for a home in Mukwonago, WI is 28. This is an decrease of -11.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$550,0009.0%
Listing Count
55N/A
Listings as % of Homes0.6%N/A
Days on Market
28-11.0%
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Demographics — Mukwonago, WI

MetricLatest CensusYoY % Change
Population
19,600-0.5%
% Under 18
23.4%2.6%
% Under 5N/AN/A
% Seniors
16.8%15.9%
% WFH
11.4%128.0%
% w/ College Degree
40.0%17.0%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
90.0%-3.2%
% Black
0.7%-46.2%
% Hispanic
5.2%73.3%
% Asian
1.6%77.8%
% Foreign Born
2.6%36.8%
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Mortgage and Risk — Mukwonago, WI

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Mukwonago, WI in that year was 335. 93.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 46.0%. Of those, 10.0% were >90% loan to value. This is considered elevated, suggesting that mortgage risk is medium in Mukwonago, WI. Investor activity in Mukwonago, WI is low, as 0.0% of all loans are originated by investors. In 2023, 11.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
335N/AN/A
% Conventional Loans
93.0%N/AN/A
% Government Loans
7.0%N/AN/A
% Investor Loans
0.0%N/AN/A
% Second Loans
1.0%N/AN/A
% Cash Out Refinance
11.0%N/AN/A
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Rentals and Section 8 — Mukwonago, WI

As of 2024, the percent of homes in Mukwonago, WI under the Section 8 program is 2.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

Section 8 Market Size

Total Units under HUD
29
Total Units Section 8
29
% Rentals under Section 8
2.7%
% Occupied Section 8
69.0%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$1,060
2 Bedroom$20$1,250$1,270
3 Bedroom-$230$1,800$1,570
4 BedroomN/AN/A$1,730

Affordability — Mukwonago, WI

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income Ratio3.8N/AN/A
Median Home Price$495,000N/AN/A
Median Household Income$113,000N/AN/A

Mukwonago, WI — ZIP Code Boundary Map

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