The "HOT" Communities
While home sales have been strong throughout the greater metropolitan area, certain communities are experiencing an extremely active market. In addition to Downtown Milwaukee, the Third Ward and the Fifth Ward, the communities generating the most interest are Bay View, Mequon, Shorewood, Fox Point, Whitefish Bay, Wauwatosa, Oak Creek, Delafield, Sussex, Brookfield, Muskego and Mukwonago.
Average 2022 Home Sales Price:
Milwaukee County: $230,000 (+7.3%)
Waukesha County: $326,000 (+14.1%)
Ozaukee County: $410,000 (+6.6%)
Washington County: $340,000 (+9.2%)
Racine County: $238,750 (+8.5%)
Communities with the Highest Median Incomes
The five communities with the highest median incomes in 2022 were: Oconomowoc Lake ($216,250), Chenequa ($173,571), River Hills ($161,719), Lac La Belle ($159,167), and Merton ($154,464). Oconomowoc Lake, Chenequa, Lac La Belle, and Merton are located in Waukesha County, River Hills is in Milwaukee County.
Communities with the Highest Home Sales Prices
The five communities with the highest median home sales prices in 2022 were: Chenequa ($2.1 million), Oconomowoc Lake ($1.4 million), Lac LaBelle ($1.2 million) in Waukesha County; River Hills ($950,000) in Milwaukee County; and Elm Grove and Merton ($826,000), both in Waukesha County.
Communities with Top Performing Schools
The five communities with the highest performing schools according to Wisconsin DPI district report card scores (higher is better, 100 is best; see pages 30-34 for more information) in 2021-2022 were: Lake Country in Waukesha County (93.5), Whitefish Bay in Milwaukee County Swallow in Waukesha County (92.6), and both FoxPoint-Bayside in Milwaukee County and Hartland Lakeside in Waukesha County (91.7).
Terms & Sources
Following is a description of the community information used:
- Median Income: Based on the 2020 Census and adjusted to account for wage inflation between 2020 and 2022
- Median Home Sales Price: Based on January-September 2022 sales prices from the Multiple Listing Service database
- School Performance: District report card scores based on 2021-2022 data as provided by the Wisconsin Department of Public Instruction