How much is a home worth in ZIP code 53151?

The typical home in 53151 is worth $454,984, based on the Zillow Home Value Index.

Are home values rising in 53151?

Home values in 53151 are up 4.5% over the past year, and up 5.5% a year over five years.

What is the typical rent in 53151?

A typical home in 53151 rents for about $1,900 a month, a gross rental yield of 5.0%.

What is the property tax rate in 53151?

The effective property tax rate in 53151 is 1.2% — roughly $5,233 a year on a typical home.

ZIP code 53151 has a population of 32,824 and a median household income of $101,176.

HousingHandbookReference data

…

U.S. ZIP Code · WI53151

Waukesha County · Milwaukee-Waukesha, WI

Typical home value

$454,984^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.5%
5-year / yr: +5.5%
10-year / yr: +5.9%

Relative price

vs U.S.: +60.2%
vs metro: +10.6%
vs state: +49.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 53151 is worth $454,984 — 10.6% above the Milwaukee-Waukesha, WI median. Over the past year, values have risen 4.5%. Homes here rent for a typical $1,900 a month — a 5.0% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,900^[2]
Gross yield: 5.0%^[2]
Cap rate: 3.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.2%^[3]
Typical annual tax: $5,233^[3]

#Climate risk

FEMA National Risk Index ratings for Waukesha County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Very Low
Winter weather: Relatively High

#Who lives here

Population: 32,824^[3]
Median household income: $101,176^[3]

#Migration

Household moves in and out of Waukesha County over a year, from IRS tax-return data.

Net migration: +298^[5]
Moved in: 10,995
Moved out: 10,697

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 4
Middle: 0
High: 1

Eisenhower Middle/High
High · Grades 7–12 · New Berlin School District
1,048 students
Ronald Reagan Elementary
Elementary · Grades PK–6 · New Berlin School District
677 students
Elmwood Elementary
Elementary · Grades PK–6 · New Berlin School District
554 students
Orchard Lane Elementary
Elementary · Grades PK–6 · New Berlin School District
468 students
Hoover Elementary
Elementary · Grades PK–5 · West Allis-West Milwaukee School District
327 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.0%

Net yield (after ~40% expenses)3.0%

Annual rent$22,800

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,301

Loan principal$363,988

Down payment$90,997

Total interest paid$464,246

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.64

Monthly cost to own$3,116

Monthly rent$1,900

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 24th percentile^[1]
Rental yield: 42nd percentile^[2]
Property tax: 38th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 53151?: The typical home in 53151 is worth $454,984, based on the Zillow Home Value Index.
Are home values rising in 53151?: Home values in 53151 are up 4.5% over the past year, and up 5.5% a year over five years.
What is the typical rent in 53151?: A typical home in 53151 rents for about $1,900 a month, a gross rental yield of 5.0%.
What is the property tax rate in 53151?: The effective property tax rate in 53151 is 1.2% — roughly $5,233 a year on a typical home.
Who lives in 53151?: ZIP code 53151 has a population of 32,824 and a median household income of $101,176.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

53022 vs 53151 →
Germantown, WI
Typical home
$453,781
Gross yield
4.6%
53086 vs 53151 →
Slinger, WI
Typical home
$464,786
Gross yield
—
53146
New Berlin, WI
Typical home
$445,183
Gross yield
—
53132
Franklin, WI
Typical home
$443,039
Gross yield
4.9%
53024
Grafton, WI
Typical home
$471,048
Gross yield
4.6%
53051
Menomonee Falls, WI
Typical home
$434,837
Gross yield
—

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Pit ZIP 53151 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WI53151

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