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City · 25,270 residents · Ozaukee County, Wisconsin

Mequon , Wisconsin

In Mequon, a typical home is worth $501,600 and typical rent is $2,157 a month. Compared with all of Ozaukee County, typical rent is 87% higher, typical household income is 49% higher, and the share of households that own their home is 13 points higher.

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  • Typical home value

    $501,600

    29% above the county

    88% above Wisconsin

    • Mequon
    • Ozaukee
    • Wisconsin

  • Typical rent

    $2,157a month

    87% above the county

    98% above Wisconsin

    • Mequon
    • Ozaukee
    • Wisconsin

  • Typical household income

    $144,051a year

    49% above the county

    86% above Wisconsin

    • Mequon
    • Ozaukee
    • Wisconsin

  • Households that own their home

    86%

    13 points above the county

    18 points above Wisconsin

    • Mequon
    • Ozaukee
    • Wisconsin

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

Market now, with Zillow data

Zillow data
Typical home value
$664,406
5.8% more than 12 months ago
Typical rent
$2,478 a month

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

Mequon is in Ozaukee 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 Ozaukee County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Mequon apart

What this place has that others do not, from public data, most unusual first.

  1. Mequon has the highest typical rent of the 154 cities in Wisconsin with more than 5,000 people: $2,157.

  2. Mequon has the 3rd highest typical household income of the 156 cities in Wisconsin with more than 5,000 people ($144,051).

  3. Nearby, in Brown Deer, the typical home value is $239,300: 52% less than in Mequon ($501,600).

  4. Nearby, in Cedarburg, the typical rent is $1,116: 48% less than in Mequon ($2,157).

  5. Mequon has the 7th highest typical home value of the 156 cities in Wisconsin with more than 5,000 people ($501,600).

  6. 86% of households in Mequon own their home, against 73% in Ozaukee County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Mequon

What homes there are in Mequon, 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 rules in Mequon: 72% of homes, more than in Ozaukee County (66%).

Year built

Homes in Mequon are newer: the typical year built is 1984; in Ozaukee County, 1978.

In Mequon, 73% of homes have 3 bedrooms or more, more than in Ozaukee County (67%).

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
Monthly rent with utilities

With a mortgage

$2,568 a month

Ozaukee County: $2,090 a month

Without a mortgage

$913 a month

Ozaukee County: $780 a month

Owners with a mortgage

62%

Ozaukee County: 64%

The typical cost for an owner with a mortgage in Mequon is $2,568 a month, more than in Ozaukee County ($2,090); without one, $913.

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 Mequon rose 23%; in Ozaukee County, it rose 38%.

Rents in Mequon rose faster than in Ozaukee County: 38% since 2015–2019, against 25%.

To compare: typical income in Mequon rose 24%; the home, +23%; the rent, +38%.

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

MeasureMequonOzaukee CountyWisconsinUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.5%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.5%0.9%
More than one person per room Unreliable estimate0.7%1.7%3.4%
People per household 2.542.382.332.53
Drive alone 67%74%74%69%
Carpool 6%6%7%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 26%18%13%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes10 to 19 minutes20 to 29 minutes

More people live in each home here: 2.54 on average, against 2.38 in Ozaukee County.

Many people here do not commute at all: 26% work from home; in Ozaukee County, 18%.

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 Mequon?

A typical home is tight for the typical income

We start with a typical home in Mequon, worth $501,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Mequon, which is $144,051 a year. For that payment to be 28% of income, a household would need to earn about $182,058 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Mequon. 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 $17,556 (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

$4,248

at 7.18% · 30 years

Loan amount
$492,515
Total interest
$708,613
Paid off in
November 2056

Includes $8,471 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,361 a month

  • Tight

    $3,361 to $4,322 a month

    Your payment · 35%

  • Hard

    more than $4,322 a month

Compared with the typical household income in Mequon ($144,051 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,248
Principal & interest$3,336
Property tax$481
Home insurance$209
FHA mortgage insurance (MIP)$222

You need at least $17,556 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

Mequon and Ozaukee County

Mequon is in Ozaukee 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).

Mequon's own numbers

Typical home value
$501,600
Typical monthly rent
$2,157
Typical yearly household income
$144,051
Households that own their home
86%
Effective property tax rate
1.15%

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

Numbers for all of Ozaukee 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)
+49%
Homes in a high flood-risk zone
2.1%

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 Ozaukee County.

Everything about Ozaukee County

Buying

Buying a home in Mequon

A typical home in Mequon is worth $501,600: 29% above the county and 88% above Wisconsin. With the typical household income in Mequon ($144,051 a year), a typical home costs 3.5 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.

  • Mequon 3.5 years
  • Ozaukee 4.0 years
  • Wisconsin 3.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Ozaukee County

According to FHFA’s house price index, home prices in Ozaukee County rose 81% in the 10 years through 2025.

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

Period County Wisconsin U.S.
Last year (2025) +5.2% +5.4% +2.9%
5 years (2020–2025) +49% +57% +47%
10 years (2015–2025) +81% +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

Mequon next to Ozaukee 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
  • Mequon $501,600
  • Ozaukee $390,200
  • Wisconsin $266,500
  • United States $332,700
Typical monthly rent
  • Mequon $2,157
  • Ozaukee $1,154
  • Wisconsin $1,087
  • United States $1,413
Typical yearly household income
  • Mequon $144,051
  • Ozaukee $96,996
  • Wisconsin $77,485
  • United States $80,734
See the full table
Mequon next to Ozaukee County and Wisconsin
Measure Mequon Ozaukee County Wisconsin U.S.
Typical home value $501,600 $390,200 $266,500 $332,700
Typical monthly rent $2,157 $1,154 $1,087 $1,413
Typical yearly household income $144,051 $96,996 $77,485 $80,734
Households that own their home 86% 73% 68% 65%
Typical yearly property tax $5,788 $4,631 $3,792 $3,119
Effective property tax rate 1.15% 1.19% 1.42% 0.94%
Renters with high rent for their income 53% 43% 44% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Ozaukee 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 Mequon

For a typical $501,600 home in Mequon, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Mequon's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,248a month

    Least cash to close
    Down payment
    $17,556
    Cash to close
    $32,604
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $222

  • Conventional, 5% down $4,156a month

    Down payment
    $25,080
    Cash to close
    $40,128
    Rate
    7.18%
    Mortgage insurance
    PMI · $238

  • Conventional, 20% down, no PMI $3,408a month

    Down payment
    $100,320
    Cash to close
    $115,368
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,872a month

    Down payment
    $75,240
    Cash to close
    $90,288
    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 Mequon and for Ozaukee County.

Property tax

Effective rate in Mequon

1.15%of the home’s value each year

$5,788 a year for the typical owner in Mequon.

  • Mequon 1.15%
  • Ozaukee 1.19%
  • 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 Ozaukee County

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

Homes in the high-risk zone
2.1%
520
Of those, with NFIP insurance
45%
County Wisconsin U.S.
Homes in the high-risk zone 2.1% 1.4% 3.5%
Of those, with NFIP insurance 45% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Mequon

Typical rent in Mequon is $2,157 a month: 87% above the county. In Mequon, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Ozaukee 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 Ozaukee 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 Mequon

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Mequon has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,510 in 53097 to $1,890 in 53092.

2 of the 2 are above the fair market rent for Ozaukee County ($1,263).

  • 53092 $1,890$2,320
  • 53097 $1,510$1,860

A ZIP code counts for Mequon 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 Mequon

HUD lists 2 buildings with rents for lower incomes in Mequon. These are the largest.

  • Oakwood Apartments 10833 N Port Washington Rd, Mequon 53092 41 homes, 40 low-income · For older adults (262) 241-8548
  • Mequon Court 10935 N Port Washington Rd, Mequon 53092 44 homes, 35 low-income · 1 bd: 18 · 2 bd: 26 · In service since 2002

See all 13 buildings in Ozaukee County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Mequon

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.

We found no HUD-approved agencies with an office in Ozaukee County. The nearest ones are below; many serve by phone or online.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Mequon

No down payment, repair or rent-help program on our list is for Mequon or Ozaukee County. The ones below are statewide in Wisconsin: they work in Mequon 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 Mequon

The HUD-approved agencies closest to the center of Mequon, 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 · 4 miles away

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

  • Housing Resources, Incorporated

    7830 W Burleigh St, Milwaukee · 9 miles away · Spanish

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

  • NSC (naca Counseling Subsidiary) - Milwaukee, WI

    11707 W North Ave, Wauwatosa · 11 miles away · Spanish

    Also serves in Mandarin Chinese and Vietnamese.

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

All counseling agencies in Wisconsin

Help in Spanish near Mequon

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 Mequon

HUD lists no housing authority with an office in Ozaukee County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Wisconsin Source: HUD

Cities

Other cities in Ozaukee County

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

Everything about Ozaukee County Housing in Wisconsin

Nearby cities

The cities closest to Mequon, with the typical home value.

Neighboring counties

If Ozaukee 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 Mequon.

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Mequon

Short answers with the numbers for Mequon and all of Ozaukee 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 Mequon?

The typical home value in Mequon is $501,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Ozaukee County it is $390,200.

How much does it cost to rent in Mequon?

Typical rent in Mequon is $2,157 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Ozaukee County is $1,263.

What is the FHA loan limit in Mequon?

Mequon uses the FHA limit for all of Ozaukee 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 Mequon?

The typical homeowner in Mequon pays $5,788 a year, according to the U.S. Census Bureau. That is 1.15% of the home’s value; in Ozaukee County, the rate is 1.19%.

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

We found no HUD-approved counseling agencies with an office in Ozaukee County; the nearest ones are on this page. 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).