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 | $562,695 |
|---|---|
| 1-year change | +4.6% |
| 5-year change | +36.1% |
| Typical rent | not published |
The typical home in Wales, Wisconsin is worth about $562,695 as of 2026-07-03, up 4.6% over the past year and up 36.1% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
Wales's defining statistic is trajectory: home values up 36.1% over five years, reaching a typical value of $562,695 by April 30, 2026.
Its county rank undersells that. Eleventh of 27 Waukesha County municipalities sounds middling, but Wales still prices about $28,600 above the county's own $534,102 median — Waukesha's table is simply deep with expensive markets. Against the seven-county region median of $455,834, the premium is roughly $106,900, or 23%.
The recent year tells a different story than the five-year run: values rose 4.6%, under the roughly 6.4% annualized pace the five-year figure implies. The market's biggest gains, in other words, came earlier in the window.
Wales sits in the same tight western Waukesha value band as its peers: Lisbon at $578,057, Pewaukee at $568,442, Oconomowoc at $549,786, and Vernon at $546,880. Wales's $562,695 lands mid-cluster, with no peer more than about $16,000 away.
ZIP 53183 posts a typical value of $560,030 — within half a percent of the village-wide figure, which suggests the ZIP and the village describe substantially the same housing stock in value terms.
The growth mix is the note of caution and the note of strength at once: 36.1% cumulative appreciation is a major five-year move, and 4.6% in the latest year is still solid growth — just slower. The data shows deceleration from an unusually fast pace, not decline.
| ZIP code | Typical home value | 1-year change | Typical rent |
|---|---|---|---|
| 53183 | $560,030 | +4.9% | — |
| Homes sold (arms-length, single-family) | 42 |
|---|---|
| Median sale price | $557,500 |
| Middle 50% of sales | $485,000 to $673,750 |
| Government-backed financing (FHA/VA/USDA) | 0% |
| Seller-financed | 0% |
Over the 12 months ending June 2026, 42 single-family homes sold in Wales, Wisconsin in arms-length transactions, at a median price of $557,500. Half of those sales fell between $485,000 and $673,750. 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 Wales is $562,695, while homes that actually changed hands had a median price of $557,500 — a difference of -0.9%. 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 face an entry point 36.1% higher at the typical value than five years earlier, but a market that grew 4.6% last year against Pewaukee's 6.7% next door. With five communities in this cluster priced inside a roughly $31,000 band, comparison shopping is cheap — the data rewards buyers who weigh condition and specifics rather than assuming any one village is the value play.
Sellers hold a legitimate headline in the 36.1% five-year gain, but the pricing decision should weight the recent 4.6% year more heavily — that is the market a listing enters today. Wales's position above the Waukesha County median, in a county where that median is already $534,102, supports confident pricing; the tight peer band with Pewaukee, Lisbon, Oconomowoc, and Vernon argues against reaching past it. Past growth does not guarantee the next sale price.
Wales sits in the rolling glacial countryside of western Waukesha County, where the Glacial Drumlin State Trail runs through the village center along a former rail corridor, with a trailhead, shelter, and playground off James Street. A compact Main Street core sits near the junction of Highways 18 and 83, Wales Community Park on Brandybrook Road adds ballfields and green space, and the Lapham Peak unit of the Kettle Moraine State Forest is a short drive north. Riders can follow the trail about seven miles east to Waukesha, while drivers reach I-94 through Delafield for the run toward Milwaukee or Madison.
Dates and details change year to year — check each event’s organizers for current schedules.
$562,695 as of April 30, 2026. ZIP 53183, which covers Wales, posts a nearly identical $560,030.
36.1% over five years and 4.6% over the most recent year — a strong run that has recently slowed from its earlier pace. Past appreciation does not guarantee future results.
It ranks 11th of 27 municipalities but still prices about $28,600 above the county median of $534,102 — and roughly 23% above the seven-county region median of $455,834.
Very closely on value: $562,695 versus $568,442, a difference of about 1%. Over the past year Pewaukee grew faster — 6.7% versus 4.6% for Wales.
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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 Wales and Milwaukee — a five-question checklist
Get a free Wales 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.