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City · 16,211 residents · Waukesha County, Wisconsin

Pewaukee , Wisconsin

In Pewaukee, a typical home is worth $447,100 and typical rent is $1,622 a month. Compared with all of Waukesha County, typical rent is 20% higher, the typical home value is 12% higher, and the share of households that own their home is 7 points higher.

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  • Typical home value

    $447,100

    12% above the county

    68% above Wisconsin

    • Pewaukee
    • Waukesha
    • Wisconsin

  • Typical rent

    $1,622a month

    20% above the county

    49% above Wisconsin

    • Pewaukee
    • Waukesha
    • Wisconsin

  • Typical household income

    $108,350a year

    2% above the county

    40% above Wisconsin

    • Pewaukee
    • Waukesha
    • Wisconsin

  • Households that own their home

    83%

    7 points above the county

    15 points above Wisconsin

    • Pewaukee
    • Waukesha
    • Wisconsin

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

Market now, with Zillow data

Zillow data
Typical home value
$564,133
6.1% more than 12 months ago

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

Pewaukee 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

Only here

What sets Pewaukee apart

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

  1. Pewaukee has the 5th highest typical rent of the 154 cities in Wisconsin with more than 5,000 people ($1,622).

  2. Pewaukee has the 7th smallest share of rent-burdened renters of the 141 cities in Wisconsin with more than 5,000 people (29%).

  3. Nearby, in Waukesha, the typical home value is $315,500: 29% less than in Pewaukee ($447,100).

  4. Nearby, in Waukesha, the typical rent is $1,219: 25% less than in Pewaukee ($1,622).

  5. Pewaukee has the 11th highest typical home value of the 156 cities in Wisconsin with more than 5,000 people ($447,100).

  6. 83% of households in Pewaukee own their home, against 76% in Waukesha County.

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

The homes here

Housing in Pewaukee

What homes there are in Pewaukee, 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

Detached houses are the majority in Pewaukee (63%), but less so than in Waukesha County (69%).

Year built

Homes in Pewaukee are newer: the typical year built is 1993; in Waukesha County, 1981.

There are fewer big homes in Pewaukee than in Waukesha County: 65% have 3 bedrooms or more, against 69%.

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

$2,278 a month

Waukesha County: $2,144 a month

Without a mortgage

$792 a month

Waukesha County: $781 a month

Owners with a mortgage

58%

Waukesha County: 65%

The typical cost for an owner with a mortgage in Pewaukee is $2,278 a month, more than in Waukesha County ($2,144); without one, $792.

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, home values in Pewaukee rose at about the same pace as in Waukesha County: 42% against 41%.

Rents in Pewaukee rose more slowly than in Waukesha County: 21% since 2015–2019, against 30%.

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

MeasurePewaukeeWaukesha CountyWisconsinUnited States
Rental vacancy Unreliable estimate4.0%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 2.312.422.332.53
Drive alone 74%76%74%69%
Carpool 2%5%7%9%
Public transit Unreliable estimate0%1%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 22%17%13%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes10 to 19 minutes20 to 29 minutes

A household in Pewaukee has 2.31 people on average, about the same as in Waukesha County (2.42).

Working from home is more common in Pewaukee: 22%, against 17% in Waukesha County.

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 Pewaukee?

A typical home costs more than the typical income allows

We start with a typical home in Pewaukee, worth $447,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Pewaukee, which is $108,350 a year. For that payment to be 28% of income, a household would need to earn about $159,562 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 Pewaukee. 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 $15,649 (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

$3,723

at 7.18% · 30 years

Loan amount
$439,001
Total interest
$631,620
Paid off in
November 2056

Includes $7,550 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,528 a month

  • Tight

    $2,528 to $3,250 a month

  • Hard

    more than $3,250 a month

    Your payment · 41%

Compared with the typical household income in Pewaukee ($108,350 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,723
Principal & interest$2,974
Property tax$365
Home insurance$186
FHA mortgage insurance (MIP)$198

You need at least $15,649 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

Pewaukee and Waukesha County

Pewaukee 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).

Pewaukee's own numbers

Typical home value
$447,100
Typical monthly rent
$1,622
Typical yearly household income
$108,350
Households that own their home
83%
Effective property tax rate
0.98%

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 Pewaukee

A typical home in Pewaukee is worth $447,100: 12% above the county and 68% above Wisconsin. With the typical household income in Pewaukee ($108,350 a year), a typical home costs 4.1 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.

  • Pewaukee 4.1 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

Pewaukee 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
  • Pewaukee $447,100
  • Waukesha $398,200
  • Wisconsin $266,500
  • United States $332,700
Typical monthly rent
  • Pewaukee $1,622
  • Waukesha $1,356
  • Wisconsin $1,087
  • United States $1,413
Typical yearly household income
  • Pewaukee $108,350
  • Waukesha $106,076
  • Wisconsin $77,485
  • United States $80,734
See the full table
Pewaukee next to Waukesha County and Wisconsin
Measure Pewaukee Waukesha County Wisconsin U.S.
Typical home value $447,100 $398,200 $266,500 $332,700
Typical monthly rent $1,622 $1,356 $1,087 $1,413
Typical yearly household income $108,350 $106,076 $77,485 $80,734
Households that own their home 83% 76% 68% 65%
Typical yearly property tax $4,394 $4,554 $3,792 $3,119
Effective property tax rate 0.98% 1.14% 1.42% 0.94%
Renters with high rent for their income 29% 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 Pewaukee

For a typical $447,100 home in Pewaukee, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Pewaukee's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,723a month

    Least cash to close
    Down payment
    $15,649
    Cash to close
    $29,062
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $198

  • Conventional, 5% down $3,641a month

    Down payment
    $22,355
    Cash to close
    $35,768
    Rate
    7.18%
    Mortgage insurance
    PMI · $212

  • Conventional, 20% down, no PMI $2,974a month

    Down payment
    $89,420
    Cash to close
    $102,833
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,388a month

    Down payment
    $67,065
    Cash to close
    $80,478
    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 Pewaukee and for Waukesha County.

Property tax

Effective rate in Pewaukee

0.98%of the home’s value each year

$4,394 a year for the typical owner in Pewaukee.

  • Pewaukee 0.98%
  • 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 Pewaukee

Typical rent in Pewaukee is $1,622 a month: 20% above the county. In Pewaukee, 29% 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 Pewaukee

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

For 2 bedrooms it runs from $1,430 in 53186 to $1,530 in 53072.

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

  • 53072 $1,530$1,880
  • 53186 $1,430$1,760

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Pewaukee 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 Pewaukee

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

  • The Silvernail 2451 Silvernail Rd, Pewaukee 53072 90 homes, 26 low-income · For older adults (262) 896-2100
  • Meadow Ridge Apartments 1821 Meadow Ln, Pewaukee 53072 70 homes, 20 low-income · 1 bd: 26 · 2 bd: 31 · 3 bd: 13 · In service since 2014

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

Free help

Help to buy or rent in Pewaukee

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.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Pewaukee

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

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

  • La Casa de Esperanza, Inc.

    134 Wisconsin Ave, Waukesha · 4 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 4 more
    (262) 547-0887

  • Housing Resources Inc - Waukesha

    217 Wisconsin Avenue Suite 411, Waukesha · 4 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 2 more
    (262) 522-1230

  • NSC (naca Counseling Subsidiary) - Milwaukee, WI

    11707 W North Ave, Wauwatosa · 9 miles away · Spanish

    Also serves in Mandarin Chinese and Vietnamese.

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

Every agency in Waukesha County All counseling agencies in Wisconsin

Help in Spanish near Pewaukee

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 Pewaukee

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

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Pewaukee

Short answers with the numbers for Pewaukee 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 Pewaukee?

The typical home value in Pewaukee is $447,100, 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 Pewaukee?

Typical rent in Pewaukee is $1,622 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 Pewaukee?

Pewaukee 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 Pewaukee?

The typical homeowner in Pewaukee pays $4,394 a year, according to the U.S. Census Bureau. That is 0.98% of the home’s value; in Waukesha County, the rate is 1.14%.

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

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).