The story of this market
The typical home in ZIP 53045 sells for about $552,500, or $225 per square foot.
Prices are down 1.3% from a year ago, which gives buyers more room to negotiate. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $2,015 a month.
ZIP 53045 — Brookfield
The 53045 housing market remains competitive with a median sale price of $552,500, reflecting a slight year-over-year adjustment. High demand for homes in the Elmbrook School District continues to support a strong sale-to-list ratio, despite a slight increase in inventory levels. The market is currently balanced, with buyers and sellers navigating a period of price stabilization.
This ZIP is ideal for established families seeking high-quality schools and professionals who value suburban amenities with easy access to the Milwaukee metro area.
Median prices moved down 1.3% year over year.
Homes spend a median of 44 days on market with 4.3 months of supply — a fast-moving market.
2% of listings have cut prices · homes sell at 101% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 4.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 53045, Waukesha County WI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Brookfield generally experiences low crime rates compared to national and regional averages, with property crime being the primary concern. Local law enforcement maintains a proactive community-policing posture.
The area is served by highly-rated public schools within the Elmbrook School District, which is consistently recognized for academic excellence and strong college-readiness metrics.
The region faces moderate risks from severe thunderstorms and occasional winter weather events; flood risk is generally localized to specific low-lying areas near waterways.
Brookfield serves as a major commercial and retail hub for the Milwaukee metro area, with significant ongoing investment in mixed-use developments and corporate office corridors.
Property taxes are assessed at the municipal and county levels, with rates influenced by school district levies and local special service districts. Wisconsin does not have a state-level property tax, and exemptions are available for primary residences via the lottery and gaming credit.
Residents primarily commute by car, with convenient access to I-94 and I-41 providing direct routes to downtown Milwaukee and the broader regional employment core.
The area features extensive park systems including Wirth Park and Fox Brook Park, offering trails, swimming, and fishing, alongside major shopping destinations like Brookfield Square.
The rental market is characterized by high demand and low vacancy rates, driven by the area's strong school district and proximity to major employment centers.
The economy is anchored by a mix of healthcare, financial services, and retail, with major employers including Fiserv and various regional medical centers.
The area is heavily reliant on private vehicle transit, supported by a well-maintained grid of arterial roads and proximity to major interstate highways.
Ongoing planning efforts focus on the redevelopment of aging commercial corridors into higher-density mixed-use residential and office spaces.
The Waukesha County assessment regime follows state-mandated standards, with periodic revaluations to ensure assessments reflect current market value.
Parcels are subject to Elmbrook School District levies and various municipal utility districts for water and sewer services.
Property insurance premiums are stable but reflect regional exposure to severe weather events, including wind and hail damage.
Data retrieved from data.census.gov ZCTA 53045 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Slick City Action Park4.45.2 mi
- Jellystone Park™ Caledonia4.319.5 mi
- Urban Air Trampoline and Adventure Park4.41.6 mi
- Dave & Buster's Wauwatosa3.95.6 mi
- Round1 Bowling & Arcade - Greendale3.810.6 mi
- American Family Field4.79.6 mi
- Fiserv Forum4.712.2 mi
- Milwaukee Public Market4.712.7 mi
- Wisconsin State Fair Park4.57.6 mi
- Baird Center4.512.2 mi
- Milwaukee County Zoo4.66.2 mi
- Harley-Davidson Museum®4.712.3 mi
- Mitchell Park Domes Horticulture Conservatory4.710.9 mi
- Boerner Botanical Gardens4.710.3 mi
- Lakefront Brewery4.612.8 mi
- Harley-Davidson Museum®4.712.3 mi
- Milwaukee Art Museum4.813.2 mi
- Milwaukee Public Museum4.812 mi
- Discovery World4.613.3 mi
- Miller High Life Theatre®4.512.2 mi
- Mitchell Park Domes Horticulture Conservatory4.710.9 mi
- Boerner Botanical Gardens4.710.3 mi
- Friends of Firefly Grove Park4.95.2 mi
- Kettle Moraine State Forest - Lapham Peak Unit4.812.1 mi
- Cathedral Square Park4.612.8 mi
- South Shore Yacht Club4.614.4 mi
- McKinley Marina Central Docks4.613.6 mi
- Milwaukee Yacht Club4.513.8 mi
- South Milwaukee Yacht Club4.518.9 mi
- CenterPointe Marine Milwaukee4.412.9 mi
- Ironwood Golf Course4.68.4 mi
- Western Lakes Golf Club & Event Venue4.38.2 mi
- Wanaki Golf Course4.43.9 mi
- Dretzka Park Golf Course4.49.5 mi
- Brown Deer Park Golf Course4.512.6 mi
- Mayfair4.25.8 mi
- Milwaukee Public Market4.712.7 mi
- Southridge Mall4.110.6 mi
- 3rd St. Market Hall4.512.4 mi
- Brookfield Square4.12.9 mi
- Milwaukee Mitchell International Airport4.515.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional shopping mall serving the western Milwaukee suburbs.
Features a swimming beach, fishing, and extensive walking trails.
Includes aquatic center, sports fields, and community event spaces.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.