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 | $443,289 |
|---|---|
| 1-year change | +5.4% |
| 5-year change | +23.8% |
| Typical rent | $1,788 per month |
| Gross rent yield | +4.8% |
The typical home in Menomonee Falls, Wisconsin is worth about $443,289 as of 2026-07-03, up 5.4% over the past year and up 23.8% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
Menomonee Falls is a price outlier in its own county — in the lower-cost direction. The village's $443,289 typical value ranks 23 of 27 Waukesha County municipalities and sits roughly $90,800 below the county's $534,102 median, a discount of about 17% to the county's typical price as of April 30, 2026.
Momentum has picked up. Five-year growth of 23.8% averages out to about 4.4% per year compounded, while the most recent year came in at 5.4% — above that long-run pace.
The village also has a rental market on record: $1,788 typical monthly rent, translating to a 4.84% gross yield against the typical home value.
Only four Waukesha County municipalities price below Menomonee Falls by typical value. Its peer set tells the same story from both sides: New Berlin runs about $17,000 higher at $460,241, while Waukesha city ($425,391), Big Bend ($406,371), and Pewaukee village ($404,276) all come in lower. The village also sits about $12,500 under the seven-county regional median of $455,834.
Growth is the counterpoint to the discount. The 5.4% one-year change outpaces the compounded 4.4% annual average implied by the 23.8% five-year figure, meaning appreciation accelerated into the most recent data. That pattern is descriptive of the past, not predictive of the future.
ZIP 53051 shows a typical value of $434,837 — about $8,500 below the village-wide number. At $1,788 a month, gross annual rent is $21,456, the basis of the 4.84% yield.
| ZIP code | Typical home value | 1-year change | Typical rent |
|---|---|---|---|
| 53051 | $434,837 | +5.4% | — |
| Homes sold (arms-length, single-family) | 711 |
|---|---|
| Median sale price | $433,500 |
| Middle 50% of sales | $324,500 to $635,000 |
| Government-backed financing (FHA/VA/USDA) | 1.3% |
| Seller-financed | 0.1% |
Over the 12 months ending June 2026, 711 single-family homes sold in Menomonee Falls, Wisconsin in arms-length transactions, at a median price of $433,500. Half of those sales fell between $324,500 and $635,000. 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 Menomonee Falls is $443,289, while homes that actually changed hands had a median price of $433,500 — a difference of -2.2%. 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, Menomonee Falls is one of the lower-priced doors into Waukesha County: $443,289 buys a typical home here versus a $534,102 county median. The trade-off is timing pressure — at the recent 5.4% annual pace, a typical home added value at a rate of roughly $23,000 a year, though that pace can change and past trends carry no guarantee.
For sellers, the acceleration is the useful fact: the past year's 5.4% gain exceeded the five-year average pace, which supports pricing from the freshest comparables. The county median is not a relevant anchor here — it runs $90,800 above the village's typical value — so a Menomonee Falls-specific market analysis matters more than county-level headlines. Owners weighing a rental instead have the $1,788 typical rent as a starting benchmark.
Downtown Menomonee Falls centers on Main Street and the Mill Pond, where the Menomonee River drops over the dam that gave the village its name, with Village Park and a riverside plaza close by. The Bugline Trail begins here and runs west toward Lannon and Sussex, and the US 41/45 freeway carries commuters straight into Milwaukee.
Dates and details change year to year — check each event’s organizers for current schedules.
By typical value, substantially: $443,289 versus a $534,102 county median — about $90,800 less. It ranks 23 of 27 municipalities in the county.
$443,289 as of April 30, 2026. ZIP 53051 shows $434,837.
5.4% over the past year and 23.8% over five years. The recent pace ran above the five-year average, but past growth does not guarantee future results.
Typical rent is $1,788 a month, which equals a 4.84% gross yield against the typical home value before expenses.
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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.
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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.