The story of this market
The typical home in ZIP 53122 sells for about $749,500, or $235 per square foot.
Prices are up +6.1% from a year ago, so sellers still have some momentum. Homes take about 6 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,900 a month.
ZIP 53122 — Elm Grove
The Elm Grove housing market remains highly competitive, characterized by low inventory and strong demand for premium properties. Values continue to appreciate steadily, supported by the village's reputation for safety and top-tier schools. While some figures like specific sales counts are limited by the small size of the village, the overall trend reflects a robust and stable market.
Elm Grove is ideal for affluent families and professionals seeking a quiet, high-amenity suburban lifestyle with top-tier schools and easy access to the Milwaukee metro area.
Median prices moved up 6.1% year over year.
Homes spend a median of 6 days on market with 2.3 months of supply — a fast-moving market.
11% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.7% · poverty 4.3% — 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 5.9%/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 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 53122, 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.
Elm Grove is consistently ranked as one of the safest communities in Wisconsin, with crime rates significantly lower than both state and national averages.
The village is served by the highly-rated Elmbrook School District, which is frequently recognized for academic excellence and high college-readiness scores.
The area faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with no significant unique hazard profile reported.
Economic momentum is driven by its proximity to the Milwaukee medical corridor and corporate headquarters in Waukesha County, maintaining a stable, high-value residential environment.
Property taxes are levied by the Village of Elm Grove, Waukesha County, and the Elmbrook School District; the village maintains a stable tax rate structure focused on local municipal services.
Residents primarily commute via I-94 or Bluemound Road, providing direct access to downtown Milwaukee and the surrounding suburban employment hubs.
The village features extensive parkland, including the Elm Grove Village Park and the Greenway trail system, alongside proximity to upscale shopping and dining along the Bluemound corridor.
The rental market is characterized by low vacancy rates and high demand for luxury condos and single-family rentals, with limited inventory driving consistent rent growth.
The local economy is anchored by professional services, healthcare, and proximity to major corporate employers in the greater Milwaukee area.
The area is served by major highway corridors including I-94 and US-18, facilitating regional transit.
Development is focused on maintaining the village's historic character while allowing for selective high-end residential and commercial infill.
Waukesha County utilizes a market-value assessment system with annual adjustments based on sales data.
Parcels are subject to Elmbrook School District taxes and standard municipal utility districts.
Property insurance premiums are stable, reflecting the area's low-risk profile for natural disasters.
Data retrieved from data.census.gov ZCTA 53122 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.
- Jellystone Park™ Caledonia4.317.1 mi
- Slick City Action Park4.41.5 mi
- Urban Air Trampoline and Adventure Park4.44.7 mi
- Dave & Buster's Wauwatosa3.92 mi
- Round1 Bowling & Arcade - Greendale3.87.9 mi
- American Family Field4.75.9 mi
- Fiserv Forum4.78.5 mi
- Milwaukee Public Market4.79 mi
- Wisconsin State Fair Park4.54 mi
- Baird Center4.58.5 mi
- Milwaukee County Zoo4.62.5 mi
- Harley-Davidson Museum®4.78.6 mi
- Milwaukee Art Museum4.89.5 mi
- Mitchell Park Domes Horticulture Conservatory4.77.2 mi
- Lakefront Brewery4.69.1 mi
- Harley-Davidson Museum®4.78.6 mi
- Milwaukee Art Museum4.89.5 mi
- Milwaukee Public Museum4.88.3 mi
- Discovery World4.69.6 mi
- Miller High Life Theatre®4.58.5 mi
- Mitchell Park Domes Horticulture Conservatory4.77.2 mi
- Boerner Botanical Gardens4.78.1 mi
- Friends of Firefly Grove Park4.91.6 mi
- Bradford Beach4.610.7 mi
- Cathedral Square Park4.69.1 mi
- South Shore Yacht Club4.610.8 mi
- McKinley Marina Central Docks4.69.9 mi
- Milwaukee Yacht Club4.510.1 mi
- South Milwaukee Yacht Club4.515.6 mi
- CenterPointe Marine Milwaukee4.49.2 mi
- Ironwood Golf Course4.611.7 mi
- Western Lakes Golf Club & Event Venue4.311.9 mi
- Brown Deer Park Golf Course4.510.1 mi
- Wanaki Golf Course4.46.1 mi
- Dretzka Park Golf Course4.48.5 mi
- Mayfair4.22.3 mi
- Milwaukee Public Market4.79 mi
- Southridge Mall4.17.9 mi
- 3rd St. Market Hall4.58.6 mi
- Bayshore4.210 mi
- Milwaukee Mitchell International Airport4.511.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Central community hub with sports fields and picnic areas.
Scenic walking and biking path connecting village neighborhoods.
Major commercial corridor with diverse retail and restaurant options.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).