The story of this market
The typical home in ZIP 53188 sells for about $415,000, or $441 per square foot.
Prices are down 1.9% from a year ago, which gives buyers more room to negotiate. Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,268 a month.
ZIP 53188 — Waukesha
The 53188 housing market shows signs of stabilization with a median price of $415,000 and a competitive sale-to-list ratio. While year-over-year prices have seen a slight decline, the market remains active with low days on market, indicating sustained demand for well-priced inventory.
This ZIP is well-suited for families and professionals seeking a suburban lifestyle with convenient access to Milwaukee, offering a mix of established residential neighborhoods and modern amenities.
Median prices moved down 1.9% year over year.
Homes spend a median of 14 days on market with 3.0 months of supply — a fast-moving market.
26% of listings have cut prices · homes sell at 102.7% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 8.9% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 53188, 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.
The area is served by the Waukesha School District, which maintains a variety of public educational options for residents.
Waukesha serves as a significant commercial and industrial hub in the Milwaukee metropolitan area, with a diverse economy anchored by manufacturing, healthcare, and retail sectors.
Property taxes are assessed at the county and municipal level, with rates influenced by local school district levies and municipal service requirements.
Residents typically commute via I-94 toward the Milwaukee employment core, with travel times varying based on traffic conditions.
The area features access to the Fox River, numerous local parks, and proximity to regional shopping centers and golf courses.
The rental market remains active with a median asking rent of approximately $1,595 per month, reflecting steady demand in the Waukesha submarket.
The local economy is driven by a mix of manufacturing, healthcare, and professional services, benefiting from its position within the broader Milwaukee-Waukesha-West Allis MSA.
The area is primarily served by the I-94 corridor, providing essential connectivity to the greater Milwaukee region.
Ongoing development focuses on residential infill and commercial expansion within the city limits.
The Waukesha County assessment regime follows standard Wisconsin property tax procedures, with annual assessments conducted by local municipalities.
Parcels are subject to school district, county, and municipal tax levies, with potential special assessments for local infrastructure improvements.
Property insurance premiums are generally consistent with regional averages for southeastern Wisconsin, reflecting standard hazard profiles.
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 Park4.412.3 mi
- Urban Air Trampoline and Adventure Park4.46.1 mi
- Dave & Buster's Wauwatosa3.912.8 mi
- K1 Speed Milwaukee4.45.1 mi
- Round1 Bowling & Arcade - Greendale3.815.4 mi
- American Family Field4.716.3 mi
- Fiserv Forum4.719.2 mi
- Milwaukee Public Market4.719.6 mi
- Wisconsin State Fair Park4.514.2 mi
- Baird Center4.519.1 mi
- Milwaukee County Zoo4.612.9 mi
- Marcus Majestic Cinema4.55.9 mi
- Marcus Ridge Cinema4.510.6 mi
- New Berlin Ale House4.49.3 mi
- Slick City Action Park4.412.3 mi
- Harley-Davidson Museum®4.719.1 mi
- Milwaukee Public Museum4.819 mi
- Miller High Life Theatre®4.519.1 mi
- Old World Wisconsin4.714 mi
- Pabst Mansion4.818.1 mi
- Friends of Firefly Grove Park4.912.3 mi
- Kettle Moraine State Forest - Lapham Peak Unit4.85.3 mi
- Menomonee Park4.611.4 mi
- Brookfield Sports Complex4.39.3 mi
- Retzer Nature Center4.80.8 mi
- CenterPointe Marine Milwaukee4.419.7 mi
- Nagawicka Lake Yacht Club4.55.5 mi
- SkipperBud's Service Center4.119.7 mi
- Milwaukee Paddle Tavern | The Harp4.919.4 mi
- Broadlands Golf Club4.18.5 mi
- Ironwood Golf Course4.68 mi
- Western Lakes Golf Club & Event Venue4.33.1 mi
- Wanaki Golf Course4.48.9 mi
- Morningstar Golfers Club4.37.9 mi
- Brookfield Square4.19.4 mi
- Meijer4.112.9 mi
- The Corners of Brookfield4.46.8 mi
- Fleet Farm4.69.3 mi
- Meijer4.37 mi
- Milwaukee Mitchell International Airport4.520.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides recreational opportunities and scenic views throughout the area.
Includes various community parks and green spaces for public use.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).