Market Overview
Home Prices in Pewaukee, WI
The median home value in Pewaukee, WI is $575,373 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pewaukee are priced40% above average. Pewaukee is part of the Milwaukee-Waukesha, WI metro area.
Over the past five years, Pewaukee home values have risen by approximately24.4%, reflecting strong long-term appreciation in this market.
Price History
Pewaukee Home Price Trend
City Comparison
Pewaukee vs. National Median
At $575,373, homes in Pewaukee cost 40% above the national median of $410,000. Buyers in Pewaukee should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Pewaukee?
20% Down Payment
$115,075
on $575,373
Monthly P&I
$3,001/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,811/mo
incl. taxes & insurance
Income Needed
$152,440
gross annual (30% rule)
10% Down Option
$57,537
+ PMI applies
Loan Amount (20% dn)
$460,298
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Pewaukee, WI?
The median home value in Pewaukee is $575,373 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in Pewaukee?
Over the past year, home values in Pewaukee have increased by 6.5%. Over five years, prices have risen approximately 24.4%.
How much do I need to earn to buy a home in Pewaukee?
To comfortably afford the median home price of $575,373 with a 20% down payment ($115,075) at today's rates (6.8%), you'd need a gross annual income of approximately $152,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Pewaukee compare to the national average home price?
The national median home value is approximately $410,000. At $575,373, homes in Pewaukee are 40% above the national average.
What metro area is Pewaukee part of?
Pewaukee is part of the Milwaukee-Waukesha, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.