In a recent analysis of housing markets across the United States, researchers examined the most expensive ZIP codes in Wisconsin, particularly focusing on their home values as of November 2024. The study utilized data from Zillow’s home value index and the U.S. Census Bureau to provide a comprehensive view of housing affordability and wealth distribution within the state. The findings highlight a significant trend: many of Wisconsin’s priciest ZIP codes are located in lakeside communities, reflecting the broader appeal of waterfront properties in Great Lakes states. This preference for lake country homes aligns with trends identified in neighboring Michigan as well, suggesting a regional affinity for living near water.
The data revealed distinct patterns among the top 25 most expensive ZIP codes in Wisconsin, with particular emphasis on the median home values, household incomes, and appreciation rates over the last several years. For context, the analysis factored in not just the latest figures but also an average from December 2023 to November 2024 to provide a more stable representation of housing trends. The study underscores how community wealth can vary dramatically even within close geographical proximity, hinting at stark divisions often seen within urban versus suburban environments.
Leading the list of the most expensive ZIP codes is 53069, which encompasses Okauchee Lake and its scenic surroundings. This region stands out with a median household income of $127,959, reflecting both high-earning and affluent households. Notably, the area’s median home value has experienced considerable growth, skyrocketing by nearly 57% over five years to surpass $700,000. The income distribution reveals that a substantial percentage of households earn between $100,000 and $150,000, while a smaller segment earns over $200,000, indicating a community that is both affluent and diverse in its economic makeup.
Following closely behind, ZIP code 53058, located near Nashotah and adjoining Okauchee Lake, ranks as the second most expensive area in Wisconsin. With a median household income of $110,234 and an average of $171,055, this ZIP code also showcases a significant portion of households earning upwards of $200,000. The region’s home values have risen markedly, albeit at a slightly lower rate than its neighbor, reflecting a 44.4% increase over five years, culminating in a median home value approaching $679,000. The appeal of this area lies in its access to multiple lakes, further solidifying its desirability among affluent buyers seeking serene waterfront living.
The analysis continues with ZIP code 54545, centered around Manitowish Waters, which, despite having lower median and average household incomes—$80,607 and $103,515 respectively—still ranks as the third most expensive. This area highlights a robust appreciation of home values, increasing by nearly 52% in five years to reach $640,153, thanks to its beautiful natural landscape and recreational opportunities. While the income levels may not be as high as other areas, the demand for real estate in this picturesque setting indicates that lifestyle and location often outweigh income statistics in the luxury housing market.
On to Fontana-on-Geneva-Lake, which holds the fourth position with ZIP code 53125. Known for its stunning lakefront properties and vibrant community, this ZIP code has seen a remarkable 65.6% growth in home values over five years, with current median values approaching $640,000. It showcases luxurious homes and yacht clubs, drawing both residents and seasonal visitors alike. The year-on-year increase of 8.3% in median home prices within the last year further solidifies its status as a sought-after location for those desiring to embrace a lakefront lifestyle in upscale surroundings.
Finally, ZIP code 53097, covering a combination of rural, suburban, and small coastal areas north of Milwaukee, finishes the list as the fifth most expensive ZIP code. With a median household income of $150,391 and a substantial number of households making over $200,000, this area has long been recognized for its high property values. Although its median home value growth has been moderate at 28.3%, it reflects the ongoing demand for quality housing in both scenic and suburban settings. This ZIP code exemplifies the area’s appeal to families and individuals seeking a balance of suburban charm with proximity to Lake Michigan, further enrichening the tapestry of Wisconsin’s elite housing markets.
Overall, the study emphasizes not just the luxury real estate market in Wisconsin but the patterns and economic diversity across various communities. The interplay between high home values, attractive lake settings, and affluent households tells a compelling story of the allure of waterfront properties, a trend that continues to shape the landscape of real estate investment in the Great Lakes region.