Real Estate Investing in Waukesha County, Wisconsin

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

25 ZIP codes • Population: 413,815

Should you buy in Waukesha County, WI? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (64/100)

Mixed β€” home prices are stretched relative to local incomes. Run the math on your specific situation.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Waukesha County, WI?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.0% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $549,465
Avg Monthly Rent $1,648
ZIP Codes 25

Investing in Waukesha County Real Estate

Waukesha County (WI) covers 25 ZIPs and 21 municipalities. firmly the fundamentals here skew distressed, and both rent and price trends have been lackluster across most of the geography.

Waukesha is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. decisively out-of-state capital should be especially careful with carry-in assumptions.

A 413,815 population and $N/AK household income profile is what makes Waukesha a challenging rental region β€” the base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Waukesha County, WI. Anonymous, moderated, never written by AI.

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Property managers serving Waukesha County

Manage rentals here? List your business →

Home Path Property Management offers home rentals, build-to-rent options, and vacation rentals in the Milwaukee Area. summary from their website

Short-term rentals
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MPC Property Management offers a wide range of property management services for residential, commercial, and association properties in Wisconsin. summary from their website

Single-familySmall multifamilyCommercialHOA
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Diamond Property Management LLC appears to offer property management services based on the domain and name, though homepage content is technical. summary from their website

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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$549,465
Avg Monthly Rent
$1,648
1% Rule
βœ— Below
Landlord Friendly (WI)
β˜…β˜…β˜…β˜…β˜…

πŸŽ“ Colleges & Universities in Waukesha County

4 Colleges 3,800 Students
C+
Carroll University
4-Year Private Β· 3,176 students
C
Nashotah House
4-Year Private Β· 125 students
C
Ottawa University-Milwaukee
4-Year Private Β· 116 students
D
Herzing University-Brookfield
4-Year Private Β· 383 students

Cities in Waukesha County

ZIP Codes in Waukesha County, WI

53051 β˜… β˜… β˜… β˜… β˜…
Menomonee Falls
Population 39,000
Avg Home $445,913
Avg Rent $2,128/mo
53066 β˜… β˜… β˜… β˜… β˜…
Oconomowoc
Population 37,056
Avg Home $590,260
Avg Rent $1,877/mo
53188 β˜… β˜… β˜… β˜… β˜…
Waukesha
Population 34,290
Avg Home $437,425
Avg Rent $1,610/mo
53186 β˜… β˜… β˜… β˜… β˜…
Waukesha
Population 33,264
Avg Home $375,394
Avg Rent $1,341/mo
53151 β˜… β˜… β˜… β˜… β˜…
New Berlin
Population 32,865
Avg Home $463,233
Avg Rent $1,598/mo
53072 β˜… β˜… β˜… β˜… β˜…
Village of Pewaukee
Population 26,652
Avg Home $553,236
Avg Rent $2,115/mo
53189 β˜… β˜… β˜… β˜… β˜…
Waukesha
Population 26,607
Avg Home $519,713
Avg Rent $1,770/mo
53150 β˜… β˜… β˜… β˜… β˜…
Muskego
Population 26,142
Avg Home $534,606
Avg Rent $1,384/mo
53045 β˜… β˜… β˜… β˜… β˜…
Brookfield
Population 23,072
Avg Home $554,859
Avg Rent $2,314/mo
53005 β˜… β˜… β˜… β˜… β˜…
Brookfield
Population 22,125
Avg Home $515,086
Avg Rent $2,098/mo
53029 β˜… β˜… β˜… β˜… β˜…
Hartland
Population 21,420
Avg Home $681,874
Avg Rent $1,600/mo
53089 β˜… β˜… β˜… β˜… β˜…
Lisbon
Population 20,202
Avg Home $556,373
Avg Rent $1,228/mo
53149 β˜… β˜… β˜… β˜… β˜…
Mukwonago
Population 19,601
Avg Home $525,280
Avg Rent $1,206/mo
53018 β˜… β˜… β˜… β˜… β˜…
Delafield
Population 7,884
Avg Home $699,845
Avg Rent $2,200/mo
53146 β˜… β˜… β˜… β˜… β˜…
New Berlin
Population 7,348
Avg Home $456,098
Avg Rent $1,296/mo
53118 β˜… β˜… β˜… β˜… β˜…
Ottawa
Population 7,107
Avg Home $628,042
Avg Rent $1,368/mo
53122 β˜… β˜… β˜… β˜… β˜…
Elm Grove
Population 6,467
Avg Home $706,474
Avg Rent $3,738/mo
53119 β˜… β˜… β˜… β˜… β˜…
Eagle
Population 5,732
Avg Home $546,985
Avg Rent $1,053/mo
53103 β˜… β˜… β˜… β˜… β˜…
Vernon
Population 3,573
Avg Home $516,329
Avg Rent $1,134/mo
53058 β˜… β˜… β˜… β˜… β˜…
Nashotah
Population 3,310
Avg Home $745,950
Avg Rent $1,548/mo
53183 β˜… β˜… β˜… β˜… β˜…
Wales
Population 3,073
Avg Home $577,274
Avg Rent $1,539/mo
53153 β˜… β˜… β˜… β˜… β˜…
Genesee
Population 2,728
Avg Home $519,468
Avg Rent $1,188/mo
53007 β˜… β˜… β˜… β˜… β˜…
Butler
Population 2,003
Avg Home $309,084
Avg Rent $1,071/mo
53046 β˜… β˜… β˜… β˜… β˜…
Lannon
Population 1,475
Avg Home $525,391
Avg Rent $1,386/mo
53069 β˜… β˜… β˜… β˜… β˜…
Okauchee
Population 819
Avg Home $752,426
Avg Rent $1,404/mo

Screen every market in Waukesha County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Waukesha County

Is the tenant base reliable in, WI?

, WI draws a steady base of working renters. Demand at the $1,648/mo rent level is reasonable for standard single-family and small multi rentals.

What is it like being a landlord in, WI?

, WI operates under WI law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.

Is housing expensive in, WI?

In, WI the median home value sits at $549K. Against the broader WI market, that reads as reasonable for most investors.

How high is vacancy risk in, WI?

Occupancy in, WI runs predictable with elevated vacancy. Well-priced units at $1,648/mo lease on reasonable timelines.

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