City in Milwaukee County, Wisconsin. Data-backed housing guide by Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®. Figures as of 2026-07-03.
| Typical home value | $418,052 |
|---|---|
| 1-year change | +6.3% |
| 5-year change | +34.8% |
| Typical rent | $1,698 per month |
| Gross rent yield | +4.9% |
The typical home in Oak Creek, Wisconsin is worth about $418,052 as of 2026-07-03, up 6.3% over the past year and up 34.8% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
Two numbers define Oak Creek right now: 6.3% and 4.87%. The first is one-year home value growth — the typical home reached $418,052 as of April 2026. The second is the gross rent yield, built on a typical rent of $1,698 a month, one of the stronger yield figures among comparably priced Milwaukee County markets in this dataset.
Oak Creek prices above its county and below its region. The typical value runs about $23,800 over the Milwaukee County median of $394,258, ranking 8th of 19 municipalities, while sitting roughly $37,800 under the seven-county region median of $455,834.
Five-year appreciation stands at 34.8%. Rents, by contrast, barely moved over the past year — up just 0.4% — a notable split from the 6.3% value gain.
In the south-suburban Milwaukee County lineup, Oak Creek at $418,052 sits below Franklin ($444,932) and Wauwatosa ($429,884), just above Hales Corners ($413,244), and well above Greendale, which matches the county median at $394,258. Rank 8 of 19 places the city in the county's upper half without approaching its top tier.
ZIP 53154 tracks the city closely: a $412,057 typical value and $1,660 typical rent, each a few percent under the citywide figures of $418,052 and $1,698.
The rental math deserves attention. A $1,698 monthly rent against a $418,052 typical value produces a 4.87% gross yield — before taxes, insurance, and maintenance. But the two inputs are moving at different speeds: values rose 6.3% over the past year while rents rose 0.4%. If that divergence were to continue, the gross yield would compress; the data makes no prediction either way.
| ZIP code | Typical home value | 1-year change | Typical rent |
|---|---|---|---|
| 53154 | $412,057 | +7.2% | $1,660/mo |
| Homes sold (arms-length, single-family) | 325 |
|---|---|
| Median sale price | $367,000 |
| Middle 50% of sales | $270,000 to $444,900 |
| Government-backed financing (FHA/VA/USDA) | 1.8% |
| Seller-financed | 0.9% |
Over the 12 months ending June 2026, 325 single-family homes sold in Oak Creek, Wisconsin in arms-length transactions, at a median price of $367,000. Half of those sales fell between $270,000 and $444,900. 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 Oak Creek is $418,052, while homes that actually changed hands had a median price of $367,000 — a difference of -12.2%. 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.
Buyers: Oak Creek asks a roughly $23,800 premium over the Milwaukee County median and delivers recent appreciation of 6.3% — the fastest single-year figure has been paired with a 34.8% five-year run. For an owner-occupant, the relevant comparison set is Franklin ($444,932) above and Greendale ($394,258) below. For an investor, the 4.87% gross yield is the headline, with the caveat that rents grew only 0.4% last year and gross yield excludes all operating costs. None of these figures guarantees future performance.
Sellers: value growth of 6.3% in twelve months means comps age quickly here — a sale from last spring understates today's market by the data's own measure. Positioned between Franklin and Hales Corners on price, Oak Creek listings draw comparison shoppers from both; the ZIP 53154 figures ($412,057 value, $1,660 rent) are the tightest available benchmark for most of the city.
Daily life in Oak Creek centers on Drexel Town Square, a purpose-built downtown where city hall, the public library, restaurants, and a summer farmers market surround a central green. Along Lake Michigan, Bender Park's boat launch and the clifftop overlooks at Lake Vista Park anchor the shoreline, with the Oak Leaf Trail running through the city. I-94 and the Ryan Road interchange tie Oak Creek to Milwaukee Mitchell International Airport and downtown Milwaukee.
Dates and details change year to year — check each event’s organizers for current schedules.
The typical home value in Oak Creek is $418,052 as of April 2026 — about $23,800 above the Milwaukee County median of $394,258. ZIP 53154 averages $412,057.
Typical rent is $1,698 a month ($1,660 in ZIP 53154), which works out to a 4.87% gross rent yield against the typical home value. Gross yield excludes taxes, insurance, and maintenance, and past figures do not guarantee future returns. Rents rose 0.4% over the past year.
Values rose 6.3% in the past year and 34.8% over five years through April 2026. Rents rose 0.4% over the same year — a notably slower pace than values.
Oak Creek's $418,052 typical value sits about $26,900 below Franklin ($444,932) and about $23,800 above Greendale ($394,258), which matches the Milwaukee County median.
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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 Oak Creek 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.