City 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 | $460,241 |
|---|---|
| 1-year change | +4.9% |
| 5-year change | +29.3% |
| Typical rent | $1,713 per month |
| Gross rent yield | +4.5% |
The typical home in New Berlin, Wisconsin is worth about $460,241 as of 2026-07-03, up 4.9% over the past year and up 29.3% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
New Berlin is the relative-value entry point into Waukesha County. Its typical home value of $460,241 as of April 30, 2026 sits about $73,900 — nearly 14% — below the county median of $534,102. The city ranks 22 of 27 Waukesha County municipalities by typical value, near the bottom of the county's ladder even though it prices above the seven-county regional median of $455,834.
That combination is unusual: a market that is inexpensive for its county but not for the region. Values have grown 4.9% in the past year and 29.3% over five years.
New Berlin also carries the strongest income numbers in this price band. Typical rent is $1,713 per month, and the gross rent yield of 4.47% is the kind of figure investors more often find in lower-priced markets.
The gap to the county is the defining metric: $460,241 versus a $534,102 Waukesha County median. Twenty-one of the county's 27 municipalities price above New Berlin. Yet the city still clears the regional median by about $4,400 — so this is a discount relative to Waukesha County specifically, not to southeastern Wisconsin at large.
Growth has been moderate: 4.9% over one year, 29.3% over five. Peer markets bracket the price point — Menomonee Falls (village) at $443,289 and Waukesha (city) at $425,391 below; Dousman (village) at $498,309 and North Prairie (village) at $499,353 above.
Two ZIPs carry data. ZIP 53151 shows a $454,984 typical value and $1,900 typical rent — notably higher rent than the citywide $1,713. ZIP 53146 shows a $445,183 typical value. Citywide, the $1,713 rent against the $460,241 value produces a 4.47% gross yield, before operating costs.
| ZIP code | Typical home value | 1-year change | Typical rent |
|---|---|---|---|
| 53151 | $454,984 | +4.5% | $1,900/mo |
| 53146 | $445,183 | +4.8% | — |
| Homes sold (arms-length, single-family) | 525 |
|---|---|
| Median sale price | $408,000 |
| Middle 50% of sales | $325,000 to $500,000 |
| Government-backed financing (FHA/VA/USDA) | 1.9% |
| Seller-financed | 0.4% |
Over the 12 months ending June 2026, 525 single-family homes sold in New Berlin, Wisconsin in arms-length transactions, at a median price of $408,000. Half of those sales fell between $325,000 and $500,000. 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 New Berlin is $460,241, while homes that actually changed hands had a median price of $408,000 — a difference of -11.4%. 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: New Berlin lets you buy into Waukesha County at roughly $74,000 under the county's median typical value. Both ZIPs price below the citywide figure — $454,984 in 53151 and $445,183 in 53146 — so the sub-market you target matters. Investors get a rare setup: a 4.47% gross yield citywide, and in ZIP 53151 a $1,900 monthly rent against a $454,984 typical value. None of this guarantees future performance, but the current numbers are unambiguous.
For sellers: the buyer pool for New Berlin includes people priced out of the 21 Waukesha County municipalities above it, which is a structural source of demand. The 4.9% one-year gain is steady rather than hot, so pricing should lean on current comps — the $460,241 citywide figure, or the ZIP benchmarks of $454,984 (53151) and $445,183 (53146) depending on location. Rental-property owners can also market the income story: $1,900 typical rent in 53151 is a concrete number a buyer can underwrite.
New Berlin spreads across rolling terrain between West Allis and Waukesha, crossed by the New Berlin Recreation Trail, which links into the county trail network at both ends. Malone Park anchors community recreation near the Civic Center, the historic Prospect Hill settlement sits along National Avenue, and I-43 and Moorland Road carry the commute.
Dates and details change year to year — check each event’s organizers for current schedules.
As of April 30, 2026, the typical home value in New Berlin is $460,241. By ZIP: $454,984 in 53151 and $445,183 in 53146.
Relatively, yes. New Berlin ranks 22nd of 27 Waukesha County municipalities by typical value, about $73,900 below the county median of $534,102 — though it still prices slightly above the seven-county regional median of $455,834.
Typical rent is $1,713 per month citywide, a gross yield of 4.47% against the typical home value. In ZIP 53151, typical rent is $1,900 per month. Gross yield excludes taxes, insurance, and maintenance.
The typical value rose 4.9% over the past year and 29.3% over the past five years. Past appreciation 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 New Berlin and Milwaukee — a five-question checklist
Get a free New Berlin 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.