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Waukesha County, WI

RANK #310 / 996 NAT  ·  #24 / 29 WI  ·  POP 407,290

1YR FORECAST: +4.0%

5YR OUTLOOK: +29%

Our model projects above-average housing market growth for Waukesha County at +4.0% over the next year.

[01] Why Waukesha County?

Waukesha County, Wisconsin, is often recognized for its "Lake Country" region in its northwestern corner, featuring numerous lakes carved by glaciers. Located just west of Milwaukee County, the county seat, Waukesha, sits about 15-25 miles from downtown Milwaukee. Commuting to Milwaukee typically takes 25-40 minutes off-peak, extending to 35-60 minutes during peak hours, with options for bus service connecting to Milwaukee's transit system. The county offers a blend of suburban and rural environments, with communities like Brookfield and Elm Grove on its eastern side and a quieter, naturally scenic southern area. Outdoor recreation is prominent, with over 8,500 acres of parks, 77 lakes, and 129 miles of trails for hiking, biking, and other activities.

Life in Waukesha County is characterized by a focus on quality of life, with many residents owning their homes. The area attracts families, partly due to its highly rated public school districts, including Elmbrook, Pewaukee, and Waukesha, along with private institutions like Catholic Memorial High School. The economy is diverse, with strong employment in manufacturing, healthcare, and retail. Major employers like Generac, Milwaukee Tool, GE HealthCare, and Kohl's Corporation contribute to the economic landscape. Recent economic development initiatives aim to attract and retain businesses, particularly in advanced manufacturing, energy, food and beverage production, and medical technology.

[02] Market Snapshot

Housing Ratio
4.4x

Below national median (4.7x)

GDP Growth
+1.1%

Well below national median

Home Prices
+5.3%

Outpacing national median

Climate & Terrain
-2.1

Below-average climate & terrain

Price/Rent
18x

Above national median (13x)

Housing is fairly valued at 4.4x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    ProHealth Care Healthcare
    2,500+
  2. 2
    Kohl's Corporation Retail
  3. 3
    General Electric Healthcare Healthcare
  4. 4
    Roundy's Retail
  5. 5
    Quad/Graphics Manufacturing
  6. 6
    Generac Holdings Manufacturing
    1,000+
  7. 7
    Milwaukee Tool Manufacturing
  8. 8
    Waukesha County Government Government
  9. 9
    Carroll University Education
    500+
  10. 10
    Waukesha Area Technical College Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Waukesha County U.S. National

The Numbers

DEMOGRAPHICS
Population
407,290
+0.48% YoY
Median Household Income
$101,639
Median Home Value
$352,600
+5.34% 12mo
Median Rent
$1,235
Average Annual Pay
$69,989
+3.8% YoY
Employment
247,891
0.0% YoY
Income-to-Home-Value
0.2883
More affordable than average
Migration Inflow
4.23%
of pop. from another state
Bachelor's Degree+
47.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$475,500
Days on Market
57
Moderate pace
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
100.3%
Homes selling above asking
Sold Above List
37.1%
Listings w/ Price Drops
8.7%
Building Permits (2024)
1,917
Single-Family Permits
1,007

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.7
per 100K · nat avg 6.3
Firearm Fatalities
7.4
per 100K · nat avg 14.8
Injury Deaths
91.0
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
50.0
Good
Good Air Days
52%
563 of 1,088 days
Unhealthy+ Days (3yr)
30
Includes 2 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
51
2022
47
2023
52
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

GDP Growth +1.1% 20 percentile
Population Growth +0.5% 51 percentile
Income Growth +7.8% 32 percentile
Vacancy Rate 0.6% 91 percentile
Home Price Change +5.3% 92 percentile
Rent Growth +2.7% 44 percentile
Price/Rent 18x 16 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Waukesha County, WI a good place to move to?

With a Boom Town Index score of 69/100, Waukesha County sits in the upper half of all 996 ranked counties. and median household income stands at $101,639 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in WI.

Is Waukesha County affordable?

Housing in Waukesha County is roughly in line with national affordability norms. The median home costs $352,600 and the income-to-home-value ratio sits at 0.29, with rents averaging $1,235/month. Not a bargain, but not a stretch for most local earners either.

Is Waukesha County growing or shrinking?

Population and employment in Waukesha County are both close to flat — population +0.5% YoY and jobs 0.0%. Home values shifted +5.3% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Waukesha County?

There's a moderate stream of newcomers. About 4.23% of residents moved from another state, which is above average and suggests Waukesha County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Waukesha County?

Home values climbed +5.3% year-over-year, which is a solid pace of appreciation. The median home in Waukesha County is now valued at $352,600. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Ozaukee County, WI 68 Chippewa County, WI 66 Kenosha County, WI 74 Milwaukee County, WI 63 Eau Claire County, WI 76 Calumet County, WI 77 Canyon County, ID 69 Hampden County, MA 68