The story of this market
The typical home in ZIP 53069 sells for about $382,000, or $305 per square foot.
Prices are up +5.2% 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 53069 — Okauchee
The 53069 housing market remains strong, driven by high demand for lakefront and lifestyle properties in the Okauchee area. Median home values have shown consistent appreciation, supported by low inventory and a high share of owner-occupied households. While some figures like specific months of supply are estimated based on current listing counts, the overall market sentiment remains optimistic due to the area's desirability.
This ZIP is ideal for affluent families and professionals seeking a lake-lifestyle environment with access to suburban amenities and a manageable commute to Milwaukee.
Median prices moved up 5.2% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.1% · poverty 3.6% — 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 7.7%/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 6.8%/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 53069, Waukesha County WI
Crime rates in the Okauchee area are generally low, consistent with the broader suburban Waukesha County region which maintains a reputation for safety.
The area is served by the Oconomowoc Area School District, which is generally well-regarded for its academic performance and extracurricular offerings.
The ZIP code contains significant lakefront property, necessitating flood insurance for parcels in low-lying areas near Okauchee Lake; wildfire risk is minimal.
Economic momentum is driven by proximity to the Oconomowoc and Waukesha employment hubs, with steady residential demand for lake-lifestyle properties.
Property taxes are assessed at the municipal and county levels, with additional levies for school districts and technical colleges; no local income tax applies.
Commuters primarily utilize Highway 16 for access to the Milwaukee metropolitan area, with typical drive times ranging from 30 to 45 minutes.
The area is defined by Okauchee Lake, offering extensive boating, fishing, and water-based recreation, alongside local parks and proximity to regional golf courses.
The rental market is characterized by low vacancy rates and high demand for seasonal or lake-access properties, with limited multi-family inventory.
The local economy is supported by a mix of small businesses, service industries, and a high concentration of commuters working in the broader Waukesha and Milwaukee corporate sectors.
Transportation is heavily reliant on private vehicles, with Highway 16 serving as the primary arterial corridor for regional connectivity.
Development is constrained by existing lakefront density and environmental protections, with limited large-scale pipeline projects.
Waukesha County utilizes a market-value assessment system with annual adjustments based on sales data and property inspections.
Parcels are subject to Oconomowoc Area School District taxes and Waukesha County Technical College district levies.
Property insurance premiums are influenced by proximity to water and the associated flood risk, with standard coverage widely available.
Wisconsin is a judicial foreclosure state, requiring court action to complete the process, which typically extends the timeline for lenders.
Sellers are required to provide a Real Estate Condition Report disclosing known defects in the property at the time of sale.
Data retrieved from data.census.gov ZCTA-level tables.
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 Park4.419.6 mi
- Urban Air Trampoline and Adventure Park4.414.1 mi
- K1 Speed Milwaukee4.412.3 mi
- Dave & Buster's Wauwatosa3.919.8 mi
- Springs Water Park4.29.1 mi
- New Berlin Ale House4.418 mi
- Basse's Farms4.513.1 mi
- Slick City Action Park4.419.6 mi
- Urban Air Trampoline and Adventure Park4.414.1 mi
- Old World Wisconsin4.716.9 mi
- Holy Hill - Basilica and National Shrine of Mary Help of Christians4.910.5 mi
- Kettle Moraine State Forest - Lapham Peak Unit4.85.6 mi
- K1 Speed Milwaukee4.412.3 mi
- Springs Water Park4.29.1 mi
- Retzer Nature Center4.89.2 mi
- Old World Wisconsin4.716.9 mi
- Sharon Lynne Wilson Center for the Arts4.814 mi
- Kids in Motion4.418.6 mi
- Wisconsin Automotive Museum4.814.5 mi
- Schauer Arts Center4.814.5 mi
- Kettle Moraine State Forest - Lapham Peak Unit4.85.6 mi
- Retzer Nature Center4.89.2 mi
- Sussex Village Park4.710.2 mi
- Armory Park4.410.5 mi
- Nashotah Park4.81.1 mi
- Nagawicka Lake Yacht Club4.54.3 mi
- Broadlands Golf Club4.112.4 mi
- Ironwood Golf Course4.67.6 mi
- The Club at Lac La Belle4.74.9 mi
- Western Lakes Golf Club & Event Venue4.36.9 mi
- Naga-Waukee War Memorial Golf Course4.55.3 mi
- Meijer4.39.6 mi
- Fleet Farm4.43.4 mi
- Marshalls4.45.2 mi
- Sendik's Food Market Meadowbrook4.39.8 mi
- Kohl's4.25.3 mi
- Milwaukee Mitchell International Airport4.529.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large, popular lake known for boating, fishing, and waterfront dining.
Local community park providing green space and recreational facilities.
Key-figure check: median price diverges 96.9% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $752,000 (+96.9% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.