The story of this market
The typical home in ZIP 53051 sells for about $449,000, or $232 per square foot.
Prices are up +3% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,313 a month.
ZIP 53051 — Menomonee Falls
The housing market in 53051 remains competitive with low inventory and steady price appreciation, driven by strong demand for suburban family homes. While interest rates have moderated buyer activity slightly, the high sale-to-list ratio indicates that well-priced properties continue to move quickly. Overall, the market is stable, supported by the area's strong school district and proximity to Milwaukee employment centers.
This ZIP is ideal for families seeking high-quality schools and suburban space, as well as commuters who value proximity to Milwaukee while maintaining a quieter residential lifestyle.
Median prices moved up 3.0% year over year.
Homes spend a median of 28 days on market with 1.6 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 101.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.9% · poverty 5.2% — 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 6.7%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 53051, 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.
Menomonee Falls generally reports low crime rates, consistently ranking as one of the safer communities in the Milwaukee metropolitan area.
The area is served by the highly-rated Menomonee Falls School District, which is recognized for strong academic performance and comprehensive extracurricular programs.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near the Menomonee River.
The area maintains steady economic momentum with a mix of light industrial, retail, and corporate office parks, benefiting from its proximity to the Milwaukee employment core.
Property taxes are assessed at the municipal and county levels, with rates determined by the local school district and municipal budget requirements; Wisconsin does not have a state-level property tax.
Residents primarily commute via I-41/US-45, providing a direct 20-30 minute drive to downtown Milwaukee, with limited public transit options available.
The area features extensive park systems including Menomonee Park and Mill Pond Park, offering trails, fishing, and picnic areas, alongside diverse retail options along the Appleton Avenue corridor.
The rental market is characterized by low vacancy rates and steady demand, with a mix of single-family rentals and multi-family apartment complexes.
The local economy is anchored by a diverse mix of manufacturing, healthcare, and retail sectors, with significant employment hubs located along the I-41 corridor.
The area is served by major highway corridors including I-41 and US-45, facilitating regional travel; public transit is limited to regional bus connections.
Development focus remains on infill residential projects and the revitalization of the downtown commercial district.
Waukesha County utilizes a market-value assessment system, with properties reassessed periodically to reflect current market conditions.
Parcels are subject to municipal, county, and school district taxes, with no major MUD/PID districts reported.
Property insurance premiums are stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from data.census.gov ZCTA 53051 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 Park4.46.8 mi
- Urban Air Trampoline and Adventure Park4.48 mi
- Dave & Buster's Wauwatosa3.96.4 mi
- K1 Speed Milwaukee4.47.9 mi
- Round1 Bowling & Arcade - Greendale3.814.2 mi
- American Family Field4.710.4 mi
- Fiserv Forum4.711.7 mi
- Milwaukee Public Market4.712.5 mi
- Wisconsin State Fair Park4.59.5 mi
- Baird Center4.511.9 mi
- Milwaukee County Zoo4.68.3 mi
- Harley-Davidson Museum®4.712.3 mi
- Milwaukee Art Museum4.812.7 mi
- Mitchell Park Domes Horticulture Conservatory4.711.4 mi
- Lakefront Brewery4.611.9 mi
- Harley-Davidson Museum®4.712.3 mi
- Milwaukee Art Museum4.812.7 mi
- Milwaukee Public Museum4.811.7 mi
- Discovery World4.612.9 mi
- Miller High Life Theatre®4.511.8 mi
- Mitchell Park Domes Horticulture Conservatory4.711.4 mi
- Friends of Firefly Grove Park4.96.4 mi
- Schlitz Audubon Nature Center4.811.6 mi
- Cathedral Square Park4.612.3 mi
- Atwater Park4.712.4 mi
- South Shore Yacht Club4.615.1 mi
- McKinley Marina Central Docks4.612.8 mi
- Milwaukee Yacht Club4.512.8 mi
- CenterPointe Marine Milwaukee4.413 mi
- Nagawicka Lake Yacht Club4.514.6 mi
- Ironwood Golf Course4.68.9 mi
- Western Lakes Golf Club & Event Venue4.312.1 mi
- Brown Deer Park Golf Course4.58.1 mi
- Wanaki Golf Course4.43.7 mi
- Kettle Hills Golf Course4.39.1 mi
- Mayfair4.26.2 mi
- Milwaukee Public Market4.712.5 mi
- 3rd St. Market Hall4.512.1 mi
- Bayshore4.29.9 mi
- Brookfield Square4.17.4 mi
- Milwaukee Mitchell International Airport4.517.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large regional park with a lake, swimming beach, and extensive hiking trails.
Central community park featuring a pond and walking paths near the historic downtown area.
Historic downtown district with local boutiques, restaurants, and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.