Village in Waukesha County, Wisconsin. Data-backed housing guide by Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®. Figures as of 2026-07-03.
| Typical home value | $515,183 |
|---|---|
| 1-year change | +4.1% |
| 5-year change | +27.2% |
| Typical rent | not published |
The typical home in Lannon, Wisconsin is worth about $515,183 as of 2026-07-03, up 4.1% over the past year and up 27.2% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
Lannon's market file is unusually consistent. The village's typical home value is $515,183, and ZIP 53046 — its overlapping ZIP code — reads $516,190. A roughly $1,000 gap between municipal and ZIP figures is about as tight an alignment as this dataset produces, which means the headline number describes the whole area well.
As of April 30, 2026, Lannon ranks 18th of 27 Waukesha County municipalities by typical value — about $18,900 under the county median of $534,102, but roughly $59,000 above the seven-county region median of $455,834.
Growth has been measured rather than dramatic: 27.2% over five years and 4.1% over the past 12 months. Both figures trail the pace posted by several nearby markets, making Lannon one of the steadier files in this part of the county.
Lannon trades in a tight cluster. Sussex is $2,500 higher at $517,730; Muskego ($531,625) runs about $16,000 higher; Mukwonago ($499,703) and North Prairie ($499,353) sit about $16,000 lower. Within this band, individual property condition and lot characteristics will move price more than the municipality name does.
The growth trajectory is modest by county standards: 4.1% in the last year, 27.2% over five. The one-year rate roughly matches the five-year annual average, so the market's pace has been stable rather than accelerating or stalling. Stability in past data is not a promise about future data.
Positioned about 3.5% under the Waukesha County median while 13% above the regional median, Lannon is a below-county-median entry into a county that prices well above the region.
| ZIP code | Typical home value | 1-year change | Typical rent |
|---|---|---|---|
| 53046 | $516,190 | +2.4% | — |
| Homes sold (arms-length, single-family) | 42 |
|---|---|
| Median sale price | $579,950 |
| Middle 50% of sales | $485,000 to $589,900 |
| Government-backed financing (FHA/VA/USDA) | 0% |
| Seller-financed | 0% |
Over the 12 months ending June 2026, 42 single-family homes sold in Lannon, Wisconsin in arms-length transactions, at a median price of $579,950. Half of those sales fell between $485,000 and $589,900. Source: Wisconsin Department of Revenue real estate transfer returns, compiled by Sawar Homes — every recorded sale, including for-sale-by-owner and builder-direct transactions that never appear in the MLS.
Zillow’s typical-home-value estimate for Lannon is $515,183, while homes that actually changed hands had a median price of $579,950 — a difference of +12.6%. These measure different things, and neither is wrong: the index estimates the value of every home whether or not it sold, while the sale figure reflects only the homes that changed hands, which usually skew toward the more affordable end of the market.
For buyers: the near-identical village and ZIP figures ($515,183 vs. $516,190) simplify research — area-level data here is actually representative, which is not true of every market. The slower 4.1% annual pace also means comps age more gracefully than in fast-moving markets, and the sub-county-median price is a concrete value argument within Waukesha County.
For sellers: 27.2% five-year appreciation means long-term owners have real equity gains to work with, but the moderate one-year pace does not support pricing far ahead of recent comps. With Sussex, Mukwonago, and North Prairie all within about $16,000 on typical value, buyers can comparison-shop across municipal lines — pricing at the data is the defensible play. No approach guarantees a specific outcome.
Lannon grew up around its limestone quarries, and the namesake Lannon stone still shows up in walls and buildings across the Milwaukee area. The Bugline Trail follows the old quarry railroad corridor through the village, and adjacent Menomonee Park, a Waukesha County park, has a spring-fed quarry lake with a swim beach alongside trails and picnic areas.
Dates and details change year to year — check each event’s organizers for current schedules.
As of April 30, 2026, Lannon's typical home value is $515,183. ZIP 53046, which overlaps the village, shows a nearly identical $516,190.
Yes, modestly. Lannon's $515,183 typical value is about $18,900 (3.5%) under the county median of $534,102, while still sitting about $59,000 above the seven-county regional median.
The typical value rose 4.1% in the past year and 27.2% over five years — a steady pace, with the one-year rate close to the five-year annual average. Past performance does not guarantee future results.
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Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®, serving Milwaukee and Southeast Wisconsin (Milwaukee, Waukesha, Ozaukee, Washington, Racine, Kenosha, and Walworth counties). Email: [email protected] · Phone: (618) 713-2964.
How to choose a real estate agent in Lannon and Milwaukee — a five-question checklist
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Home values and rents are Zillow ZHVI/ZORI estimates for the named area, as of 2026-07-03; incomes and population are U.S. Census (SAIPE, Population Estimates); migration is IRS Statistics of Income. Area-level statistical estimates for information only — not an appraisal, and not financial, legal, or tax advice.