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City · 39,539 residents · Waukesha County, Wisconsin

Menomonee Falls , Wisconsin

In Menomonee Falls, a typical home is worth $368,000 and typical rent is $1,313 a month. Compared with all of Waukesha County, the typical home value is 8% lower and typical household income is 6% lower.

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  • Typical home value

    $368,000

    8% below the county

    38% above Wisconsin

    • Menomonee Falls
    • Waukesha
    • Wisconsin

  • Typical rent

    $1,313a month

    3% below the county

    21% above Wisconsin

    • Menomonee Falls
    • Waukesha
    • Wisconsin

  • Typical household income

    $100,238a year

    6% below the county

    29% above Wisconsin

    • Menomonee Falls
    • Waukesha
    • Wisconsin

  • Households that own their home

    74%

    2 points below the county

    6 points above Wisconsin

    • Menomonee Falls
    • Waukesha
    • Wisconsin

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$436,717
5.1% more than 12 months ago
Typical rent
$1,621 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Menomonee Falls is in Waukesha County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Waukesha County. See the county

Data updated: October 1, 2026 11 official sources

The homes here

Housing in Menomonee Falls

What homes there are in Menomonee Falls, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Menomonee Falls: 67% of homes, near the figure in Waukesha County (69%).

Year built

The typical year built in Menomonee Falls is 1980, about the same as in Waukesha County (1981).

In Menomonee Falls, 67% of homes have 3 bedrooms or more, about the same as in Waukesha County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Waukesha County is $541,287, and about 79% of owner-occupied homes in Menomonee Falls are worth less than that.

Monthly rent with utilities

With a mortgage

$2,102 a month

Waukesha County: $2,144 a month

Without a mortgage

$748 a month

Waukesha County: $781 a month

Owners with a mortgage

69%

Waukesha County: 65%

Owning costs about the same in Menomonee Falls as in Waukesha County: with a mortgage, $2,102 a month; without one, $748.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Menomonee Falls rose 49%; in Waukesha County, it rose 41%.

The typical rent in Menomonee Falls rose 25% over the same time; in Waukesha County, it rose 30%.

Housing prices ran ahead of income in Menomonee Falls: typical income rose 22%, against +49% for home values and +25% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMenomonee FallsWaukesha CountyWisconsinUnited States
Rental vacancy 8.4%4.0%4.5%5.5%
Homeowner vacancy Unreliable estimate0.3%0.5%0.9%
More than one person per room Unreliable estimate0.9%1.7%3.4%
People per household 2.412.422.332.53
Drive alone 74%76%74%69%
Carpool 7%5%7%9%
Public transit Unreliable estimate0%1%3%
Walk or bike 1%1%3%3%
Work from home 17%17%13%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes10 to 19 minutes20 to 29 minutes

In Menomonee Falls, the rental vacancy rate is 8.4%; in Waukesha County, 4.0%.

By size, households in Menomonee Falls look like those in Waukesha County: 2.41 people on average.

In Menomonee Falls, 74% of workers drive alone to work; in Waukesha County, 76%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Menomonee Falls?

A typical home costs more than the typical income allows

We start with a typical home in Menomonee Falls, worth $368,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Menomonee Falls, which is $100,238 a year. For that payment to be 28% of income, a household would need to earn about $133,699 a year.

The calculator's FHA and conventional loan limits are those of all of Waukesha County.

Your numbers

Local data
$

Starts at the typical home value in Menomonee Falls. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,880 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,120

at 7.18% · 30 years

Loan amount
$361,335
Total interest
$519,876
Paid off in
November 2056

Includes $6,215 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,339 a month

  • Tight

    $2,339 to $3,007 a month

  • Hard

    more than $3,007 a month

    Your payment · 37%

Compared with the typical household income in Menomonee Falls ($100,238 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,120
Principal & interest$2,448
Property tax$356
Home insurance$153
FHA mortgage insurance (MIP)$163

You need at least $12,880 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Menomonee Falls and Waukesha County

Menomonee Falls is in Waukesha County, Wisconsin. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Menomonee Falls's own numbers

Typical home value
$368,000
Typical monthly rent
$1,313
Typical yearly household income
$100,238
Households that own their home
74%
Effective property tax rate
1.16%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Waukesha County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,263
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
0.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Waukesha County.

Everything about Waukesha County

Buying

Buying a home in Menomonee Falls

A typical home in Menomonee Falls is worth $368,000: 8% below the county and 38% above Wisconsin. With the typical household income in Menomonee Falls ($100,238 a year), a typical home costs 3.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Menomonee Falls 3.7 years
  • Waukesha 3.8 years
  • Wisconsin 3.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Waukesha County

According to FHFA’s house price index, home prices in Waukesha County rose 85% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Waukesha County.

Period County Wisconsin U.S.
Last year (2025) +5.4% +5.4% +2.9%
5 years (2020–2025) +52% +57% +47%
10 years (2015–2025) +85% +96% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Menomonee Falls next to Waukesha County, Wisconsin and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Menomonee Falls $368,000
  • Waukesha $398,200
  • Wisconsin $266,500
  • United States $332,700
Typical monthly rent
  • Menomonee Falls $1,313
  • Waukesha $1,356
  • Wisconsin $1,087
  • United States $1,413
Typical yearly household income
  • Menomonee Falls $100,238
  • Waukesha $106,076
  • Wisconsin $77,485
  • United States $80,734
See the full table
Menomonee Falls next to Waukesha County and Wisconsin
Measure Menomonee Falls Waukesha County Wisconsin U.S.
Typical home value $368,000 $398,200 $266,500 $332,700
Typical monthly rent $1,313 $1,356 $1,087 $1,413
Typical yearly household income $100,238 $106,076 $77,485 $80,734
Households that own their home 74% 76% 68% 65%
Typical yearly property tax $4,261 $4,554 $3,792 $3,119
Effective property tax rate 1.16% 1.14% 1.42% 0.94%
Renters with high rent for their income 47% 45% 44% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Waukesha County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Menomonee Falls

For a typical $368,000 home in Menomonee Falls, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Menomonee Falls's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,120a month

    Least cash to close
    Down payment
    $12,880
    Cash to close
    $23,920
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $163

  • Conventional, 5% down $3,052a month

    Down payment
    $18,400
    Cash to close
    $29,440
    Rate
    7.18%
    Mortgage insurance
    PMI · $175

  • Conventional, 20% down, no PMI $2,503a month

    Down payment
    $73,600
    Cash to close
    $84,640
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,844a month

    Down payment
    $55,200
    Cash to close
    $66,240
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Menomonee Falls and for Waukesha County.

Property tax

Effective rate in Menomonee Falls

1.16%of the home’s value each year

$4,261 a year for the typical owner in Menomonee Falls.

  • Menomonee Falls 1.16%
  • Waukesha 1.14%
  • Wisconsin 1.42%

What Wisconsin publishes Lottery and Gaming Credit for your primary residence (Wisconsin Department of Revenue)

Exemptions and deadlines in Wisconsin

Flood risk in Waukesha County

FEMA does not publish these numbers by city: they are for all of Waukesha County.

Homes in the high-risk zone
0.3%
319
Of those, with NFIP insurance
66%
County Wisconsin U.S.
Homes in the high-risk zone 0.3% 1.4% 3.5%
Of those, with NFIP insurance 66% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Menomonee Falls

Typical rent in Menomonee Falls is $1,313 a month: 3% below the county. In Menomonee Falls, 47% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Waukesha County, by unit size. To pay the 2-bedroom one ($1,263 a month) without spending more than 30% of your income, you would need to earn $24.29 an hour working full time.

HUD fair market rent for all of Waukesha County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $985 $18.94 $39,400
1 bedroom $1,060 $20.38 $42,400
2 bedrooms $1,263 $24.29 $50,520
3 bedrooms $1,553 $29.87 $62,120
4 bedrooms $1,664 $32.00 $66,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Menomonee Falls

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Menomonee Falls is in ZIP code 53051.

For 2 bedrooms it is $1,550: $287 more than the fair market rent for Waukesha County ($1,263).

  • 53051 $1,550$1,910

A ZIP code counts for Menomonee Falls when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Menomonee Falls

HUD lists 3 buildings with rents for lower incomes in Menomonee Falls. These are the largest.

  • Jolly-Aire Apts W164N9091 Water St, Menomonee Falls 53051 83 low-income homes · 1 bd: 83 · In service since 1998
  • Emerald Falls Apartments N90W17421 Saint Francis Dr, Menomonee Falls 53051 80 low-income homes · For older adults (262) 251-6055
  • Buena Vista Senior Housing W129N6845 Northfield Dr, Menomonee Falls 53051 57 homes, 14 low-income · 1 bd: 23 · 2 bd: 34 · In service since 2010

See all 47 buildings in Waukesha County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Menomonee Falls

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Waukesha County; 1 says it serves in Spanish.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Menomonee Falls

No down payment, repair or rent-help program on our list is for Menomonee Falls or Waukesha County. The ones below are statewide in Wisconsin: they work in Menomonee Falls the same as in the rest of the state.

Which programs do I qualify for? All programs in Wisconsin

  • WHEDA Easy Close Advantage DPA

    Statewide in Wisconsin

    Wisconsin state agency second mortgage for the down payment: up to 6% of the price, over 10 years with a monthly payment and the same rate as the WHEDA first mortgage. Offered by Wisconsin Housing and Economic Development Authority (WHEDA).

    Repayable

    See the program Official page

  • WHEDA Capital Access DPA

    Statewide in Wisconsin

    Limited funds remain, per the source

    $7,500 loan from the Wisconsin state agency for the down payment and closing costs, over 30 years, at 0% and with no monthly payments, alongside a WHEDA mortgage; limited funds, first come, first served. Offered by Wisconsin Housing and Economic Development Authority (WHEDA).

    Deferred

    See the program Official page

Housing counselors near Menomonee Falls

The HUD-approved agencies closest to the center of Menomonee Falls, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Operation Hope- Milwaukee Wi

    7500 W Good Hope Rd, Milwaukee · 6 miles away

    • Mortgage delinquency workshops
    • Budget and financial counseling
    • and 6 more
    (414) 426-2239

  • NSC (naca Counseling Subsidiary) - Milwaukee, WI

    11707 W North Ave, Wauwatosa · 8 miles away · Spanish

    Also serves in Mandarin Chinese and Vietnamese.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (414) 442-6222

  • Housing Resources, Incorporated

    7830 W Burleigh St, Milwaukee · 8 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 3 more
    (414) 461-6330

Every agency in Waukesha County All counseling agencies in Wisconsin

Help in Spanish near Menomonee Falls

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Menomonee Falls

In HUD’s record, no housing authority with an office in Waukesha County is named for Menomonee Falls or Waukesha County.

One other authority has an office in Waukesha County: see the list Source: HUD

Cities

Other cities in Waukesha County

These cities are also in Waukesha County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Waukesha County Housing in Wisconsin
See 2 more cities in Waukesha County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Menomonee Falls, with the typical home value.

Neighboring counties

If Waukesha County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Menomonee Falls.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about Menomonee Falls

Short answers with the numbers for Menomonee Falls and all of Waukesha County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Menomonee Falls?

The typical home value in Menomonee Falls is $368,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Waukesha County it is $398,200.

How much does it cost to rent in Menomonee Falls?

Typical rent in Menomonee Falls is $1,313 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Waukesha County is $1,263.

What is the FHA loan limit in Menomonee Falls?

Menomonee Falls uses the FHA limit for all of Waukesha County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Menomonee Falls?

The typical homeowner in Menomonee Falls pays $4,261 a year, according to the U.S. Census Bureau. That is 1.16% of the home’s value; in Waukesha County, the rate is 1.14%.

Where can I find free help to buy or rent in Menomonee Falls?

There are 2 HUD-approved counseling agencies with an office in Waukesha County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).