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 | $499,703 |
|---|---|
| 1-year change | +7.1% |
| 5-year change | +37.8% |
| Typical rent | not published |
The typical home in Mukwonago, Wisconsin is worth about $499,703 as of 2026-07-03, up 7.1% over the past year and up 37.8% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
Mukwonago pairs a sub-$500,000 price with 37.8% five-year growth — the rare Waukesha County file where the entry price is below the county median and the appreciation rate is still among the stronger readings in its area. The typical home value is $499,703 as of April 30, 2026.
That figure sits about $34,400 (6.4%) under the Waukesha County median of $534,102 but roughly $44,000 (9.6%) above the seven-county region median of $455,834. Mukwonago ranks 19th of 27 county municipalities by typical value.
Momentum has not faded: the one-year change is 7.1%, running slightly ahead of what the five-year total implies as an annual average. The discount to the county median has been earned through price point, not through stagnation.
The competitive set is remarkably tight. North Prairie ($499,353) is $350 below Mukwonago; Dousman ($498,309) is about $1,400 below; Lannon ($515,183) and Sussex ($517,730) run roughly $15,000 to $18,000 higher. Three of these markets — Dousman, North Prairie, and Mukwonago — sit within $1,400 of each other at the bottom of that range — buyers here are effectively shopping one price band across several municipalities.
ZIP 53149 shows a typical value of $508,893, about $9,200 above the village-wide figure. The ZIP covers a somewhat different footprint than the municipal boundary, and the modest premium suggests the surrounding ZIP territory prices slightly above the village line.
On trajectory: 37.8% over five years with 7.1% in the trailing 12 months describes sustained, ongoing appreciation rather than a spike-and-fade pattern. As always, past appreciation is history, not a forecast.
| ZIP code | Typical home value | 1-year change | Typical rent |
|---|---|---|---|
| 53149 | $508,893 | +6.9% | — |
| Homes sold (arms-length, single-family) | 157 |
|---|---|
| Median sale price | $446,000 |
| Middle 50% of sales | $335,000 to $550,000 |
| Government-backed financing (FHA/VA/USDA) | 0.6% |
| Seller-financed | 0.6% |
Over the 12 months ending June 2026, 157 single-family homes sold in Mukwonago, Wisconsin in arms-length transactions, at a median price of $446,000. Half of those sales fell between $335,000 and $550,000. 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 Mukwonago is $499,703, while homes that actually changed hands had a median price of $446,000 — a difference of -10.7%. 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: Mukwonago is one of the clearer sub-county-median entry points in Waukesha County at $499,703, and the near-identical pricing of North Prairie and Dousman means expanding a search across all three costs little in budget terms. The 7.1% annual pace argues for acting on current comps rather than last year's — the market has been repricing steadily upward.
For sellers: the data supports a solid position — 37.8% five-year growth means substantial equity for longer-term owners, and the one-year pace shows demand has not cooled in the data through April 2026. The caveat is competition: with three villages priced within $1,400, overpricing sends buyers next door. Market data does not guarantee any individual result.
Mukwonago sits where the Mukwonago River meets the Phantom Lakes, with a swim beach and boat launch on Lower Phantom Lake and ballfields and open green space at Field Park along Highway 83. The downtown blocks around Rochester Street hold shops and restaurants, and I-43 at the village edge runs directly toward Milwaukee.
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The typical home value in the village of Mukwonago is $499,703 as of April 30, 2026 — 19th of 27 municipalities in Waukesha County, and about $34,400 below the county median.
Values are up 7.1% over the past year and 37.8% over the past five years per data through April 30, 2026. Past increases do not guarantee future performance.
It prices below the county benchmark: $499,703 versus the $534,102 county median, about 6.4% less. It still runs roughly 9.6% above the seven-county Southeast Wisconsin median of $455,834.
ZIP 53149, which overlaps Mukwonago, shows a typical home value of $508,893 — about $9,200 above the village-wide figure, reflecting the ZIP's different footprint.
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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 Mukwonago and Milwaukee — a five-question checklist
Get a free Mukwonago home valuation · Contact Kinan Sawar
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.