The story of this market
The typical home in ZIP 53060 sells for about $630,000, or $292 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 53060 — Newburg
The Oconomowoc housing market remains resilient, characterized by steady price appreciation and high demand for single-family homes. While inventory levels have seen slight increases, supply remains tight relative to buyer interest, keeping the market competitive. The area's strong school district and lake-country lifestyle continue to drive interest from families and professionals.
This ZIP is ideal for families and professionals seeking a high quality of life with access to lake-country amenities, while still maintaining a manageable commute to the greater Milwaukee metropolitan area.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 3.8 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 4.5% — 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 8.9%/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 6.2%/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 53060, Waukesha County WI
Crime rates in the Oconomowoc area remain consistently lower than the Wisconsin state average and significantly below national benchmarks, with property crime being the primary reported concern.
The area is served by the Oconomowoc Area School District, which maintains a strong reputation for academic performance and extracurricular programming, consistently ranking well within Waukesha County.
The region faces moderate risks related to severe winter weather and occasional heavy rainfall, though flood-plain management is robustly handled by local municipal planning.
Economic momentum is driven by a mix of manufacturing, healthcare, and professional services, with ongoing infrastructure improvements supporting residential expansion in the western Waukesha County corridor.
Property taxes are levied by the municipality, county, and school district, with the Oconomowoc Area School District representing the largest portion of the tax bill; exemptions for primary residences are available under state law.
Residents primarily commute via I-94 toward the Milwaukee employment core, with typical drive times ranging from 35 to 50 minutes depending on traffic conditions.
The area is defined by its access to Lac La Belle and Fowler Lake, offering extensive public beaches, boat launches, and a historic downtown district with diverse shopping and dining options.
The rental market is characterized by low vacancy rates and high demand, with limited new multi-family supply keeping upward pressure on monthly asking rents.
The local economy is anchored by manufacturing, healthcare services, and retail, with significant employment opportunities provided by regional medical centers and industrial parks.
Transportation is heavily reliant on the I-94 highway corridor, with limited public transit options connecting to the broader Milwaukee County transit system.
Development is focused on balancing residential growth with the preservation of the area's natural lake-country character, with several new subdivisions currently in the approval pipeline.
The Waukesha County assessor maintains a market-value assessment system, with properties reassessed periodically to reflect current market conditions.
Parcels are subject to Oconomowoc Area School District taxes, as well as local municipal and county levies; no major MUDs are present.
Property insurance premiums are stable, though homeowners in proximity to lakes or flood-prone areas may require specialized coverage.
Wisconsin has seen modest net domestic migration, with Waukesha County remaining a primary destination for families relocating from the Milwaukee urban core.
Wisconsin is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically provides a longer timeline for homeowners.
Sellers are required to provide a Real Estate Condition Report disclosing known defects in the property at the time of listing.
Data retrieved from data.census.gov using ZCTA 53060 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.
- Sky Zone Brown Deer4.317.9 mi
- Ozaukee Skateland4.58.2 mi
- Tiki Beach Resort4.216.9 mi
- Krueger's3.818.1 mi
- Falls Axe & Escape4.918.8 mi
- Basse's Farms4.518.2 mi
- Little Switzerland Ski Area4.313.3 mi
- Washington County Fair Park & Conference Center4.68.8 mi
- Sunburst Ski Area4.49.7 mi
- Jug's Hitching Post Saloon & Grill4.614.2 mi
- Lion's Den Gorge Nature Preserve4.810.4 mi
- Shalom Wildlife Sanctuary LLC4.75.2 mi
- Harrington Beach State Park4.712.9 mi
- Sunburst Ski Area4.49.7 mi
- Regner Park4.67.1 mi
- Museum of Wisconsin Art4.76.7 mi
- Lynden Sculpture Garden4.718.6 mi
- Wisconsin Museum of Quilts & Fiber Arts4.410.3 mi
- Wisconsin Automotive Museum4.818.5 mi
- Schauer Arts Center4.818.5 mi
- Lion's Den Gorge Nature Preserve4.810.4 mi
- Harrington Beach State Park4.712.9 mi
- Washington County Fair Park & Conference Center4.68.8 mi
- Regner Park4.67.1 mi
- Mauthe Lake Recreation Area4.712.9 mi
- Port Washington Marina4.79.7 mi
- The Bog4.44.3 mi
- Mee-Kwon Park Golf Course4.312.5 mi
- Fire Ridge Golf Club48.1 mi
- Hawthorne Hills Golf Course4.23.7 mi
- Stingers Golf and Recreation4.66.4 mi
- Meijer4.210.4 mi
- Meijer4.37.4 mi
- Fleet Farm4.19.5 mi
- Blain's Farm & Fleet4.49.6 mi
- Sendik's Food Market Grafton4.510 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major recreational lake offering boating, fishing, and public park access.
Historic district featuring local boutiques, restaurants, and community events.
Popular lakeside park with beach access and walking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.