Rental numbers for Waukesha County, WI
The typical home here runs -$2,126 a month at 7.78% with 25% down. 0 of 8 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.9%.
- Gross yield
- 4.4%
- typical home, Zillow
- Median ZIP yield
- 4.9%
- 8 ZIPs with full data
- Cash flow
- -$2,126/mo
- at 7.78%, 25% down
- Typical price
- $508,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,845/mo
- Zillow ZORI, Aug 2026
ZIP codes in Waukesha County
25 with published figures
| 53122Elm Grove | $697,000 | $3,421 | 5.9% | 2.6% | -$2,257 | n/a |
| 53005Brookfield | $509,000 | $2,268 | 5.3% | 2.3% | -$1,779 | n/a |
| 53051Menomonee Falls | $440,000 | $1,895 | 5.2% | 2.1% | -$1,597 | n/a |
| 53151New Berlin | $457,000 | $1,895 | 5.0% | 1.9% | -$1,742 | n/a |
| 53045Brookfield | $549,000 | $2,239 | 4.9% | 1.9% | -$2,110 | n/a |
| 53007Butler | $303,000 | $1,190* | 4.7% | 1.5% | -$1,252 | n/a |
| 53188Waukesha | $432,000 | $1,657 | 4.6% | 1.5% | -$1,803 | n/a |
| 53186Waukesha | $370,000 | $1,321 | 4.3% | 1.1% | -$1,642 | +5.3% |
| 53146New Berlin | $450,000 | $1,440* | 3.8% | 0.9% | -$2,106 | n/a |
| 53066Oconomowoc | $585,000 | $1,868 | 3.8% | 1.1% | -$2,636 | +4.4% |
| 53183Wales | $576,000 | $1,710* | 3.6% | 0.8% | -$2,727 | n/a |
| 53046Lannon | $526,000 | $1,540* | 3.5% | 0.6% | -$2,570 | n/a |
| 53072Village of Pewaukee | $552,000 | $1,610* | 3.5% | 0.8% | -$2,588 | n/a |
| 53189Waukesha | $514,000 | $1,460* | 3.4% | 0.7% | -$2,493 | n/a |
| 53150Muskego | $529,000 | $1,500* | 3.4% | 0.7% | -$2,554 | n/a |
| 53089Lisbon | $555,000 | $1,560* | 3.4% | 0.6% | -$2,718 | n/a |
| 53018Delafield | $695,000 | $1,870* | 3.2% | 0.6% | -$3,410 | n/a |
| 53149Mukwonago | $524,000 | $1,340* | 3.1% | 0.5% | -$2,614 | n/a |
| 53153Genesee | $517,000 | $1,320* | 3.1% | 0.6% | -$2,547 | n/a |
| 53103Vernon | $514,000 | $1,260* | 2.9% | 0.4% | -$2,618 | n/a |
| 53118Ottawa | $624,000 | $1,520* | 2.9% | 0.3% | -$3,222 | n/a |
| 53058Nashotah | $748,000 | $1,720* | 2.8% | 0.4% | -$3,809 | n/a |
| 53119Eagle | $544,000 | $1,170* | 2.6% | 0.1% | -$2,902 | n/a |
| 53069Okauchee | $768,000 | $1,560* | 2.4% | -0.3% | -$4,304 | n/a |
| 53029Hartland | $677,000 | $1,370* | 2.4% | 0.0% | -$3,650 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +6.2%
- Rent, 12 months
- +5.0%
- Rent minus price growth
- -1.2 pts
- Property tax
- 1.14%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $389,880 | $1,428 |
| Aug 2022 | $416,025 | $1,537 |
| Aug 2023 | $438,371 | $1,636 |
| Aug 2024 | $463,681 | $1,704 |
| Aug 2025 | $478,706 | $1,758 |
| Aug 2026 | $508,162 | $1,845 |
HUD Fair Market Rent
FY2027, Milwaukee-Waukesha, WI MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $985 | $1,060 | $1,263 | $1,553 | $1,664 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 9.2
- 1,558 units, last 12 months
- National percentile
- 69th
- among US counties
Tools
Test a listing in Waukesha County against today's rate.
Open the calculatorPart of the Milwaukee, WI metro.
Questions
- Is Waukesha County good for rental property?
- The typical home here runs -$2,126 a month at 7.78% with 25% down. 0 of 8 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Waukesha County?
- About 1.14% of value, from Census ACS median taxes paid over median home value. On a $508,000 home that is about $5,813 a year.
- What is Fair Market Rent in Waukesha County?
- HUD's FY2027 Fair Market Rent here is $1,060 for a 1-bedroom, $1,263 for a 2-bedroom and $1,553 for a 3-bedroom. Typical cash flow at today's rate is -$2,126 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.