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Sarah Mitchell
Compass Real Estate · ZIP 53051
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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53051 ZIP Code Housing Market
$484,500median sale price
What is the 53051 housing market like right now?
The median home sale price in ZIP code 53051 is $484,500, down 1.3% year-over-year. Homes sell in an average of 44 days with 121 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 53051 ZIP code a buyer's or seller's market?
ZIP code 53051 is currently a balanced market and homes selling in about 44 days. How we determine this →
What are the latest 53051 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $484,500 |
| Median list price | $477,450 |
| Year-over-year price change | -1.3% |
| Average days on market | 44 days |
| Active inventory | 121 listings |
| Sale-to-list price ratio | 102.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 53051 zip code, located in Menomonee Falls, WI, is currently classified as a balanced market. The median sale price stands at $484,500, representing a -1.3% change year over year. Homes in this area spend an average of 44 days on the market before going under contract. There are currently 121 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 53051 sits in the Menomonee Falls, WI area, roughly 0 miles from downtown Menomonee Falls. Because home prices are set street by street, this ZIP can move differently from Menomonee Falls's citywide averages. The figures below reflect 53051 specifically — drawn from Redfin transactions, U.S. Census data for its 39,559 residents, and Zillow value estimates.
Homes sold
152
Last 12 weeks
Days on market
44
Average pace
Active listings
121
Sale-to-list
102.0%
Above asking
What is driving the 53051 housing market?
The 53051 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 102.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 53051 have declined -1.3% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 53051 stands at $445,600, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,210 per month. This gives a price-to-rent ratio of approximately 16.8, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 53051?
Population
39,559
Median income
$100,031/yr
Median age
42.4 years
Owner-occupied
74.0%
College grads
48.2%
Avg commute
20.86 min
What is it like living in 53051?
Zip code 53051 is home to approximately 39,559 residents. The median household income is $100,031 per year, which shapes the types of homes and amenities available in the area. With a median age of 42.4 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 74.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 48.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 20.86 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 53051.
Which public schools serve ZIP 53051?
8 schools tracked · 4,682 students
The largest public schools serving ZIP code 53051 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Menomonee Falls High
Grades 9-12 · 1,291 students
North Middle
Grades 6-8 · 808 students
Benjamin Franklin Elementary and Early Learning Center
Grades PK-2 · 568 students
Marcy Elementary
Grades K-4 · 511 students
Shady Lane Elementary
Grades PK-2 · 449 students
Riverside Elementary
Grades 3-5 · 428 students
Valley View Elementary
Grades 3-5 · 384 students
Willow Springs Learning Center
Grades PK · 243 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 53051
What is the median home price in 53051?
The current median sale price in 53051 is $484,500, based on recent Redfin transaction data. Prices have changed -1.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 53051 a buyer's or seller's market?
The 53051 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 53051?
Zip code 53051 has a population of approximately 39,559 residents. The median household income is $100,031 per year. About 74.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 53051?
Properties Incorporated provides comprehensive data for 53051 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 53051 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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