Home Value Trail

Milwaukee-Waukesha, WI metro area: home price history and building permits

Wisconsin4 counties1,575,010 residents (2025 estimate)

  • FHFA quarterly index to 2026 Q2
  • FHFA annual index 1975 to 2025
  • Developmental index
  • Release of

The FHFA annual house price index for Milwaukee-Waukesha, WI increased by 89.7% from 2015 to 2025. From 2020 to 2025, the index increased by 54.3%. From 2024 to 2025, the index increased by 5.6%. From 2025 Q2 to 2026 Q2, the quarterly index increased by 6.2%.

2015

+89.7%

From 2015 to 2025, the FHFA annual all-transactions index for Milwaukee-Waukesha, WI increased by 89.7%.

From 2015 to 2025, the average change in each year is +6.6%, compounded.

Same span at each level: 2015 to 2025
AreaChangeBar
Milwaukee-Waukesha, WI+89.7%
Wisconsin+95.5%
United States+85.0%
Milwaukee-Waukesha, WI FHFA quarterly all-transactions index, 100 in 1977 Q1
  • Milwaukee-Waukesha, WI
  • United States, set to the same start
  • Recession (NBER dates)
  • Your span

The line is FHFA's quarterly index, through 2026 Q2. The calculator and the tables use FHFA's annual index of the area.

Index values for each year
FHFA annual all-transactions index for Milwaukee-Waukesha, WI, 1975 to 2025
YearIndexChange from the year before
2025850.20+5.6%
2024805.08+6.4%
2023756.63+10.5%
2022684.69+13.7%
2021602.25+9.3%
2020550.92+2.8%
2019536.15+4.7%
2018512.07+5.2%
2017486.83+4.6%
2016465.49+3.9%
2015448.19+2.8%
2014436.17+2.4%
2013426.12+0.1%
2012425.81−2.5%
2011436.72−4.3%
2010456.26−4.8%
2009479.42−4.8%
2008503.80−2.0%
2007514.11+0.6%
2006510.89+4.2%
2005490.29+10.0%
2004445.61+9.1%
2003408.26+4.0%
2002392.68+4.5%
2001375.81+5.5%
2000356.32+6.9%
1999333.26+3.9%
1998320.71+3.0%
1997311.43+3.8%
1996300.07+3.0%
1995291.38+6.1%
1994274.74+5.9%
1993259.32+4.7%
1992247.68+4.3%
1991237.48+4.4%
1990227.58+5.5%
1989215.71+7.1%
1988201.38+7.9%
1987186.59+2.8%
1986181.55+2.0%
1985177.93+1.6%
1984175.11+1.7%
1983172.22+7.1%
1982160.80−6.1%
1981171.21+1.1%
1980169.32+1.9%
1979166.17+9.1%
1978152.34+16.4%
1977130.92+19.0%
1976109.99+10.0%
1975100.00n/a

Each figure is the change of the FHFA annual all-transactions index, from the year that you pick to 2025. It is a change for the area. It is not the change in the value of your home, and it does not use the price that you paid.

The average for each year is a compounded annual change. The guide to values explains more.

When using the FHFA House Price Calculator, please note that it does not project the actual value of any particular house.

FHFA, about its own House Price Calculator: Federal Housing Finance Agency, House Price Index Datasets, HPI Calculator, copied on . The calculator of FHFA uses quarterly figures. For the states and the 100 largest metro areas it uses the purchase-only index. Its figures can differ from the figures here.

Since the last FHFA release

No recorded FHFA release changed a figure of Milwaukee-Waukesha, WI. The record of releases starts with the next FHFA release. FHFA releases recorded by this site

Same span, every level

Change in the FHFA annual index to 2025: Milwaukee-Waukesha, WI and the areas above it
Area1 year2024 to 20255 years2020 to 202510 years2015 to 202520 years2005 to 2025Since 20002000 to 2025Each yearaverage of 10 years
Milwaukee-Waukesha, WI+5.6%+54.3%+89.7%+73.4%+138.6%+6.6%
Wisconsin+5.4%+57.4%+95.5%+84.7%+143.0%+6.9%
United States+2.8%+47.0%+85.0%+79.1%+158.3%+6.3%

Each row uses FHFA's annual all-transactions index and the same two years.

Drawdowns

A drawdown is a decline of 5% or more of the annual index from a peak.

Drawdowns of the index of Milwaukee-Waukesha, WI, deepest first
PeakLowDeclineBack at the peak
20072012−17.2%2019
19811982−6.1%1983

Decade by decade

Change in the index of Milwaukee-Waukesha, WI in each decade
DecadeChangeUnited StatesBar
1980s1980 to 1990+34.4%+68.2%
1990s1990 to 2000+56.6%+33.9%
2000s2000 to 2010+28.0%+29.7%
2010s2010 to 2020+20.7%+35.5%
2020s so far2020 to 2025+54.3%+47.0%

The index is 100 in the first year with a value for the area (1975 here). The change in a decade is the index at the end of the decade divided by the index at the start. The base year has no effect on it.

Building permits in the area

In the 12 months to August 2026, building permits in the 4 counties of the area authorized 3,262 housing units. That is 2.1 units for each 1,000 residents.

Housing units authorized by month, latest 60 months
  • Units in buildings with 1 unit
  • Units in buildings with 2 or more units
Units for each month
Housing units authorized by building permits in the Milwaukee-Waukesha, WI metro area, by month
MonthAll units1 unit2 or more units
Aug 2026369131238
Jul 202622814286
Jun 2026444175269
May 2026278150128
Apr 202624014496
Mar 2026348110238
Feb 202618111368
Jan 202622113388
Dec 2025350117233
Nov 202514710344
Oct 202524417371
Sep 202521214171
Aug 202523316469
Jul 2025435148287
Jun 202524916584
May 2025376181195
Apr 202525016981
Mar 202517713542
Feb 2025253112141
Jan 2025222107115
Dec 202416611947
Nov 2024414116298
Oct 2024383162221
Sep 202420416242
Aug 2024346145201
Jul 2024395165230
Jun 2024359136223
May 2024426155271
Apr 2024441150291
Mar 202418813949
Feb 202415512431
Jan 202415012525
Dec 2023465101364
Nov 202319312865
Oct 202323413599
Sep 2023269135134
Aug 2023267148119
Jul 202319112863
Jun 202320213270
May 202316714027
Apr 202315010743
Mar 202316910960
Feb 20231138429
Jan 20231387662
Dec 20221578176
Nov 2022223105118
Oct 202220512877
Sep 2022308135173
Aug 202225415797
Jul 2022494137357
Jun 202220916247
May 202221214666
Apr 2022416142274
Mar 202222115071
Feb 2022268134134
Jan 2022272102170
Dec 20211106248
Nov 2021695415
Oct 20211267155
Sep 20211105258
Housing units authorized by year, 1995 to 2025
  • Units in buildings with 1 unit
  • Units in buildings with 2 or more units
Units for each year
Housing units authorized by building permits in the Milwaukee-Waukesha, WI metro area, by year
YearAll units1 unit2 or more units
20253,1051,7341,371
20244,0581,7122,346
20232,8641,4261,438
20223,2011,5761,625
20212,9811,8111,170
20202,7531,5861,167
20192,4401,509931
20183,7911,7342,057
20173,6931,5882,105
20164,0551,6712,384
20153,0481,4161,632
20142,4161,3181,098
20132,0001,326674
20121,7931,064729
20111,593915678
20101,941967974
20091,443891552
20082,4441,2341,210
20073,2662,0821,184
20064,2902,6241,666
20055,4443,3612,083
20045,9023,8402,062
20036,4673,9392,528
20025,9363,4562,480
20015,8793,5642,315
20005,6313,5812,050
19997,1734,2002,973
19983,8443,8440
19973,3513,3510
19963,6933,6930
19953,5323,5320

The counts are the sums of the county files of the Building Permits Survey for the counties of the area (OMB delineation of July 2023).

Counties of the area

Counties of the Milwaukee-Waukesha, WI metro area, by name
CountyState1 year10 yearsUnits, 12 months
Milwaukee CountyWI+5.8%+95.8%776
Ozaukee CountyWI+5.2%+80.9%544
Washington CountyWI+5.9%+87.5%384
Waukesha CountyWI+5.4%+84.9%1,558

Agency pages

  • FHFA House Price IndexFederal Housing Finance AgencyThe index page of FHFA: data, tools and the release dates.
  • FHFA HPI CalculatorFederal Housing Finance AgencyThe calculator of FHFA. It works by quarter, for a state or a metro area.
  • Building Permits SurveyUS Census BureauThe survey of housing units that building permits authorize.

Each link loaded on .

Cite this page

Home Value Trail. Milwaukee-Waukesha, WI home price history. https://homevaluetrail.com/metro/33340-milwaukee-waukesha/. Source: Federal Housing Finance Agency, annual house price index for CBSAs (developmental); US Census Bureau, Building Permits Survey. FHFA release of .

Where the figures come from

Index
FHFA annual house price index for CBSAs, all transactions, 1975 to 2025. Release of March 31, 2026. The line: FHFA quarterly all-transactions index for the metropolitan area, through 2026 Q2.
Other levels
FHFA annual indexes for the states and the United States, from the same release.
Building permits
US Census Bureau, Building Permits Survey, county files through August 2026, added for the counties of the area.
Counties of the area
OMB delineation of core based statistical areas, July 2023.
Residents
US Census Bureau, population estimates for 2025.

All files are works of the US government, in the public domain. To report an error, see Corrections.

Questions

Which years had the largest changes in the index for Milwaukee-Waukesha, WI?
The largest increase in one year was 19.0%, from 1976 to 1977. The largest decrease in one year was 6.1%, from 1981 to 1982.
How did the index for Milwaukee-Waukesha, WI change over 20 years?
From 2005 to 2025, the index for Milwaukee-Waukesha, WI increased by 73.4%. In the same years, the index for Wisconsin increased by 84.7%. In the same years, the index for the United States increased by 79.1%.
What is the highest value of the index for Milwaukee-Waukesha, WI?
The index is 100 in 1975, the first year with a value for this area. The highest annual value is 850.20, in 2025.
Which counties are in the Milwaukee-Waukesha, WI area?
The area has 4 counties in the delineation of July 2023. The Census Bureau estimates 1,575,010 residents for 2025.