Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 47,289 people, 21,263 houses or apartments, and a median cost of homes of $365,712, Wauwatosa real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Wauwatosa, accounting for 56.46% of the city's housing units. Other types of housing that are prevalent in Wauwatosa include large apartment complexes or high rise apartments ( 23.57%), duplexes, homes converted to apartments or other small apartment buildings ( 17.07%), and a few row houses and other attached homes ( 2.87%).
The most prevalent building size and type in Wauwatosa are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.97% owning and 39.03% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Wauwatosa's housing was primarily built during this period, from the '40s through the '60s. A full 46.49% of the city's housing hails from this era. Other housing ages represented in Wauwatosa include homes built before 1939 ( 30.04%) and housing constructed between 1970-1999 ( 14.07%). There's also some housing in Wauwatosa built between 2000 and later ( 9.40%).
Real estate appreciation rates in Wauwatosa's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.95% during the period.
Appreciation rates are so strong in Wauwatosa that despite a nationwide downturn in the housing market, Wauwatosa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wauwatosa appreciation rates continue to be some of the highest in America, at 8.05%, which is higher than appreciation rates in 87.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wauwatosa. Wauwatosa appreciation rates in the latest quarter were at 0.76%, which equates to an annual appreciation rate of 3.06%.
Relative to Wisconsin, our data show that Wauwatosa's latest annual appreciation rate is higher than 70% of the other cities and towns in Wisconsin.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Wauwatosa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wauwatosa - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Wauwatosa real estate investment or home purchase decisions.
$365,712
for Wisconsin
for nation
21,263
$1,900 / per month