Short Sale Listings in Oconomowoc, WI

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Home Value Estimator For Oconomowoc, WI

There are currently 12,253 real estate properties in Oconomowoc, WI, with a median automated valuation model (AVM) price of $466,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Oconomowoc, WI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Oconomowoc, WI, is $635,729.00, with the most expensive house in Oconomowoc, WI, topping out at $10,270,000.00 and the cheapest home in Oconomowoc, WI, clocking in at $16,395.00. In other words, there’s something for every potential homebuyer or savvy investor in Oconomowoc, WI!

Rent Prices In Oconomowoc, WI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oconomowoc, WI, is on a rollercoaster ride. The average rent price in Oconomowoc, WI, is $2,025.00. Indeed, when looking to rent in Oconomowoc, WI, you can expect to pay as little as $620.00 or as much as $2,940.00, with the average rent median estimated to be $1,990.00. The good news is that finding an affordable and desirable property to rent in Oconomowoc, WI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Oconomowoc, WI In 2024

Oconomowoc is located in Waukesha, Wisconsin, with an estimated municipal population of 16,981 residents. All of the best foreclosed homes for sale in Oconomowoc are located in the following zip code areas on 53066. The estimated population per square kilometer (.62 miles) in Oconomowoc is 562.

Cost Of Living In Oconomowoc, WI

So, about how much do homes cost in Oconomowoc? The most recent median value of resident-owned homes in Oconomowoc is 259,195. An estimated 67.1 percent of households in Oconomowoc own their homes, with an average family size of 3.06. The median household income in Oconomowoc is 88,662, with42.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Oconomowoc, the median commute time of resident workers (in minutes) is 26.2. And last, but certainly not least, are you looking for homes to rent in Oconomowoc? If so, the average rent price paid by renters in Oconomowoc is 972, according to recent statistics.

Diversity And Demographics In Oconomowoc, Wisconsin

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Oconomowoc, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Oconomowoc is 39.9, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Oconomowoc is 53.5, with an average family size of 3.06.

The percentage of residents who report their race in Oconomowoc is as follows:

White 95.6%
Black / African American 2.1%
Asian 0.6%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.1%
Other 0.4%

Looking for family-friendly neighborhoods in and/or near Oconomowoc? Or maybe you are searching for 55+ active adult communities in and/or near Oconomowoc?

The percentage of residents who report their age in Oconomowoc is as follows:

Under 10 13.7%
Aged 10-19 13.1%
20s 9%
30s 14.3%
40s 14.2%
50s 14.3%
60s 10%
70s 6.3%
80+ 4.9%

Best Schools In Oconomowoc, Wisconsin

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Oconomowoc with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Oconomowoc.

Pros And Cons Of Living In Oconomowoc, Wisconsin

How do you know that living in -- or moving to -- Oconomowoc is right where you need to be? Perhaps you grew up in Oconomowoc or already live nearby; therefore, the decision to buy a home in Oconomowoc is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Oconomowoc for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Oconomowoc:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Oconomowoc.

Reasons To Move To Oconomowoc, Wisconsin, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Oconomowoc can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Oconomowoc, meanwhile, can field multiple offers from more qualified buyers.

Oconomowoc, WI Short Sale Listings


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