The story of this market
The typical home in ZIP 53150 sells for about $525,000.
Prices are down 13.4% from a year ago, which gives buyers more room to negotiate. Homes take about 204 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,253 a month.
ZIP 53150 — Muskego
The Muskego housing market shows signs of stabilization with a median price of $525,000, though inventory remains extremely tight. While year-over-year price changes reflect a cooling trend from previous peaks, the area remains a desirable destination for families, supported by strong school ratings and a high quality of life. Note that some specific metrics like months of supply and price cut percentages were not fully available in the most recent Q2 2026 report.
This ZIP is ideal for families and professionals seeking a quiet, lake-oriented suburban lifestyle with high-quality schools, while remaining within a reasonable driving distance of the Milwaukee metro area.
Median prices moved down 13.4% year over year.
Homes spend a median of 204 days on market with 1.0 months of supply — a balanced-paced market.
85% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.0% · poverty 3.3% — 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 7.5%/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 4.8%/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 53150, Waukesha County WI
Muskego is generally considered a safe, low-crime suburban community with crime rates significantly lower than the nearby Milwaukee urban core.
The Muskego-Norway School District is highly regarded, with most schools maintaining strong performance ratings and serving as a primary draw for families moving to the area.
The area faces typical Midwestern climate risks, including severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near the city's lakes.
Muskego maintains a steady suburban growth profile with a focus on residential development and preservation of its natural lake-country character, supported by proximity to the Waukesha and Milwaukee employment hubs.
Property taxes in Muskego are levied by Waukesha County, the City of Muskego, and the Muskego-Norway School District, with rates reflecting standard Wisconsin municipal and school funding structures.
Residents primarily commute by car to employment centers in Milwaukee and Waukesha via I-43 and local arterial roads; public transit options are limited.
The area is defined by its access to Big Muskego Lake and Little Muskego Lake, offering extensive boating, fishing, and park facilities, alongside local shopping centers along Janesville Road.
The rental market is relatively tight with limited inventory, consisting primarily of single-family home rentals and small apartment complexes, with rents trending upward due to low vacancy.
The local economy is supported by a mix of retail, professional services, and light manufacturing, with many residents commuting to the broader Milwaukee-Waukesha metropolitan area for major employment.
Transportation is heavily reliant on private vehicles, with I-43 serving as the primary corridor for regional access to Milwaukee and beyond.
Development is focused on infill residential projects and the revitalization of commercial nodes along the Janesville Road corridor.
The Waukesha County assessor maintains property valuations based on annual market analysis and periodic physical inspections.
Parcels are subject to the Muskego-Norway School District, Waukesha County taxes, and local municipal utility districts for water and sewer services.
Property insurance premiums are stable but reflect regional risks associated with severe weather events common to Southeastern Wisconsin.
Wisconsin has experienced modest net domestic migration, with suburban areas like Muskego attracting families from the urban core.
Wisconsin is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically provides a longer timeline for homeowners.
Wisconsin law requires sellers to provide a Real Estate Condition Report disclosing known defects to potential buyers.
Data retrieved from data.census.gov ZCTA 53150 profile 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.
- Jellystone Park™ Caledonia4.310.2 mi
- Slick City Action Park4.412.8 mi
- Urban Air Trampoline and Adventure Park4.412 mi
- Dave & Buster's Wauwatosa3.913.5 mi
- Round1 Bowling & Arcade - Greendale3.87.8 mi
- American Family Field4.713.1 mi
- Fiserv Forum4.715.6 mi
- Milwaukee Public Market4.715.4 mi
- Wisconsin State Fair Park4.511.7 mi
- Baird Center4.515.4 mi
- Milwaukee County Zoo4.611.8 mi
- Boerner Botanical Gardens4.76.2 mi
- Marcus Majestic Cinema4.512.5 mi
- Marcus South Shore Cinema4.59.4 mi
- Pettit National Ice Center4.611.9 mi
- Harley-Davidson Museum®4.715 mi
- Milwaukee Art Museum4.816 mi
- Milwaukee Public Museum4.815.3 mi
- Discovery World4.615.9 mi
- Miller High Life Theatre®4.515.5 mi
- Boerner Botanical Gardens4.76.2 mi
- Greenfield Park4.610.1 mi
- Malone Park4.87.2 mi
- Whitnall Park4.75.6 mi
- Minooka Park4.79.3 mi
- South Shore Yacht Club4.614.5 mi
- McKinley Marina Central Docks4.616.8 mi
- Reefpoint Marina4.619.4 mi
- Milwaukee Yacht Club4.517 mi
- South Milwaukee Yacht Club4.513.8 mi
- Morningstar Golfers Club4.38.6 mi
- Muskego Lakes Country Club4.31 mi
- Oakwood Park Golf Course4.47.3 mi
- Edgewood Golf Course46 mi
- New Berlin Hills Golf Course4.39.6 mi
- Southridge Mall4.17.7 mi
- 7 Mile Fair4.28.2 mi
- Brookfield Square4.111.4 mi
- Meijer4.39 mi
- Fleet Farm4.64.8 mi
- Milwaukee Mitchell International Airport4.511.8 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, shallow lake known for excellent fishing and wildlife viewing.
Popular for recreational boating, swimming, and waterfront residential living.
Features extensive trails, picnic areas, and wooded acreage for outdoor recreation.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).