New Berlin, WI—53151
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in New Berlin, WI
Home Price Trends — New Berlin, WI
As of Oct '25, the median home price in New Berlin, WI is $434,000, with a year-over-year change of 2.8%. This indicates that home prices in New Berlin, WI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $434,000 | 2.8% |
| Single Family | $451,000 | 3.4% |
| Condos | $298,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $171,000 | 3.6% |
2 Bed | $305,000 | 2.7% |
3 Bed | $427,000 | 2.9% |
4 Bed | $512,000 | 3.6% |
| 5 Bed | $657,000 | 3.3% |
% of Housing Stock
Rental Trends — New Berlin, WI
As of July '25, Rentcast reports the average rent in New Berlin, WI is $2,280, with a year-over-year rent change of 29.5%. Per bedroom, the median rent as of July '25 in New Berlin, WI is 1-bedrooms: $1,200, 2-bedrooms: $1,670, 3-bedrooms: $2,660, 4-bedrooms: $3,870. The most common rental property sizes in New Berlin, WI are 2-bedroom and 1-bedroom, accounting for 53.4% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $2,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,620 | $1,670 |
| 3 Bed Rent | $2,500 | $2,660 |
| 4 Bed Rent | $3,500 | $3,870 |
% of Rental Stock
Property Listings — New Berlin, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in New Berlin, WI is 24. This is a increase of 3.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 2.0% |
Listing Count | 68 | 18.0% |
| Listings as % of Homes | 0.1% | 18.0% |
Days on Market | 24 | 3.0% |
Demographics — New Berlin, WI
As of the latest ACS Survey released in 2023, New Berlin, WI has a population of 32,900, which has increased by 4.8% over the past 5 years. New Berlin, WI is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 47.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,900 | 4.8% |
% Under 18 | 19.7% | 6.5% |
% Seniors | 21.5% | 2.9% |
% WFH | 13.4% | 204.5% |
% w/ College Degree | 47.2% | 6.8% |
As of the latest ACS Survey released in 2023, New Berlin, WI is a predominantly white area, with 83.3% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in New Berlin, WI is asian, making up 6.9% of the population. Foreign-born residents account for 7.3% of the population in New Berlin, WI, and this percentage has increased by 10.6% 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 | 83.3% | -8.2% |
% Black | 1.9% | 111.1% |
% Hispanic | 4.8% | 108.7% |
% Asian | 6.9% | 40.8% |
% Foreign Born | 7.3% | 10.6% |
Mortgage and Risk — New Berlin, WI
According to HUD data as of 2023, there were 755 mortgage originations in New Berlin, WI, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in New Berlin, WI. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 755 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — New Berlin, WI
As of 2024, the percent of homes in New Berlin, WI under the Section 8 program is 2.2%. 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 New Berlin, WI, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 140 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,200 | $1,460 |
| 2 Bedroom | $120 | $1,620 | $1,740 |
| 3 Bedroom | -$340 | $2,500 | $2,160 |
| 4 Bedroom | -$1,150 | $3,500 | $2,350 |
Affordability — New Berlin, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $434,000 |
| Median Household Income | $99,200 |