Market Overview
Home Prices in Waukesha, WI
The median home value in Waukesha, WI is $428,781 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Waukesha are priced5% above average. Waukesha is part of the Milwaukee-Waukesha, WI metro area.
Over the past five years, Waukesha home values have risen by approximately34.2%, reflecting strong long-term appreciation in this market.
Price History
Waukesha Home Price Trend
City Comparison
Waukesha vs. National Median
At $428,781, homes in Waukesha cost 5% above the national median of $410,000. Buyers in Waukesha should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Waukesha?
20% Down Payment
$85,756
on $428,781
Monthly P&I
$2,236/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,840/mo
incl. taxes & insurance
Income Needed
$113,600
gross annual (30% rule)
10% Down Option
$42,878
+ PMI applies
Loan Amount (20% dn)
$343,025
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 Waukesha, WI?
The median home value in Waukesha is $428,781 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Waukesha?
Over the past year, home values in Waukesha have increased by 6.1%. Over five years, prices have risen approximately 34.2%.
How much do I need to earn to buy a home in Waukesha?
To comfortably afford the median home price of $428,781 with a 20% down payment ($85,756) at today's rates (6.8%), you'd need a gross annual income of approximately $113,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Waukesha compare to the national average home price?
The national median home value is approximately $410,000. At $428,781, homes in Waukesha are 5% above the national average.
What metro area is Waukesha part of?
Waukesha is part of the Milwaukee-Waukesha, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.