Oak Creek, WI Real Estate

Oak Creek, Wisconsin is located just 20 minutes south of Milwaukee and is home to roughly 35,000 Wisconsinites. The City of Oak Creek is one of the best places to live near Milwaukee with its unique combination of urban settings and suburban landscapes. Oak Creek, “Where City Meets Country,” has all of the rural charm of a suburb with the convenience of bustling Downtown Milwaukee.

Homes for sale in Oak Creek are diverse and plentiful. There are plenty of single-family homes, duplexes, condominiums and apartments for sale and for rent. The larger lots that are characteristic of Oak Creek create plenty of room to grow an existing house or build your own dream home! Oak Creek is one of the safest neighborhoods close to downtown Milwaukee.

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Oak Creek has a wide variety of recreational activities in addition to everything nearby Milwaukee has to offer. Take a walk in Bender Park and look out on the beautiful Lake Michigan, ride your bike down the Oak Leaf Bike Trail or let your dog run wild at the Milwaukee County Dog Park. Stop in at the Oak Creek Historical Society, which maintains five historical buildings and one building full of archives. This museum complex is a can’t-miss in Oak Creek, Wisconsin!
For a genuine Wisconsin Friday Fish Fry in Oak Creek, stop in at Erv’s Mug. Every Friday Erv’s Mug presents an enormous plate of perfectly prepared cod and a mountain of fries. Paired with a craft beer, you’ll have a true Wisconsin feast! Aside from the Fish Fry, Erv’s has a huge variety of personal entrees. Whatever you choose to order, get a side of sweet potato fries. The accompanying marshmallow dipping sauce is worth it alone! For local delivery pizza, count on Marco’s. Try their Pizza Bianca, the white sauce is amazing, or get their signature Marco Rollo calzone stuffed to the seams with your favorite toppings!
For family fun in Oak Creek, don’t miss the Labor Day LionsFest put on every year by the Oak Creek Lions. Live music, carnival rides, a car show and delicious grilled food come together to make this festival an incredible annual event. The smell of the sweet roasted corn floats through Oak Creek during this four-day festival; the smell is absolutely heavenly! The City of Oak Creek is in the process of designing a brand new library in the new Drexel Town Square. The new library will be warm and inviting as well as offer the most advanced technology and exciting activities.

Working in Oak Creek

The city of Oak Creek is clearly business driven. The South Suburban Chamber of Commerce (formerly known as SECUB) is an organization that is dedicated to the growth and success of business professionals in Oak Creek and nearby Franklin. A few of the major employers in Oak Creek are UPS and Bucyrus International, but Oak Creek’s proximity to downtown Milwaukee makes it a beautiful suburban alternative to the abundant business opportunities in the city.

Oak Creek, Wisconsin Schools

Oak Creek has an exceptional educational system. The city is served by the Oak Creek-Franklin Joint School District and contains six elementary schools, two middle schools and Oak Creek High School. Oak Creek schools provide a desirable combination of academic rigor, athletic excellence and artistic development that makes it a great place for students to grow into respectful, responsible adults.

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Oak Creek began as a portion of the Town of Lake, which included all of Milwaukee County south of what is now Greenfield Avenue. In 1840, what is now Oak Creek split off from the Town of Kinnikennick (present day Greenfield and Franklin) to become its own entity. Today, Oak Creek is one of the most desirable neighborhoods just minutes from downtown Milwaukee that provides a unique combination of urban conveniences and rural comfort.

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Oak Creek properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Carollton Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 437 Not Provided Carollton Elementary School GreatSchools Rating
Cedar Hills Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 445 Not Provided Cedar Hills Elementary School GreatSchools Rating
Deerfield Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 434 Not Provided Deerfield Elementary School GreatSchools Rating
Early Learning Academy (Oak Creek) Oak Creek-Franklin Joint School District public 297 Not Provided Early Learning Academy GreatSchools Rating
Edgewood Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 453 Not Provided Edgewood Elementary School GreatSchools Rating
Meadowview Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 430 Not Provided Meadowview Elementary School GreatSchools Rating
Shepard Hills Elementary School (Oak Creek) Oak Creek-Franklin Joint School District public 490 Not Provided Shepard Hills Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Grace Lutheran School (Oak Creek) private 0 Not Provided Grace Lutheran School GreatSchools Rating
Oak Creek East Middle School (Oak Creek) Oak Creek-Franklin Joint School District public 905 Not Provided Oak Creek East Middle School GreatSchools Rating
Oak Creek West Middle School (Oak Creek) Oak Creek-Franklin Joint School District public 516 Not Provided Oak Creek West Middle School GreatSchools Rating
St Matthew School (Oak Creek) private 0 Not Provided St Matthew School GreatSchools Rating
St. Johns Lutheran School (Oak Creek) private 0 Not Provided St. Johns Lutheran School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Badger State Baptist School (Oak Creek) private 0 Not Provided Badger State Baptist School GreatSchools Rating
Oak Creek High School (Oak Creek) Oak Creek-Franklin Joint School District public 2040 Not Provided Oak Creek High School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 34,174 946,679 5,687,217
Total Households 13,704 379,747 2,286,339
Total Families 8,519 218,280 1,476,860
Population Density 1,153 184,397 437,888
Percent Male 50% 48% 50%
Percent Female 50% 52% 50%
White Collar Jobs 65% 59% 55%
Blue Collar Jobs 35% 41% 45%

Top Occupations

Professions Population Employed
Healthcare 4,378
Transportation 4,298
Sales 3,374
Manufacturing 3,365
Information, Scientific and Technical 2,958
Management 2,501
Retail 2,087
Education 1,856
Professional Services 1,799
Arts and Media 1,245

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income with Head of House hold under age of 25

Household Income with Head of House Hold between the ages of 25 and 44

Household Income with Head of House Hold between the ages of 45 and 64

Household Income with Head of Household over the age of 65

Housing Demographics

  City County State
Total Housing Units 14,247 417,541 2,620,437
Owner Occupied Housing Units 8,427 197,205 1,568,389
Renter Occupied Housing Units 5,277 182,547 717,965
Vacant Housing Units 543 37,793 334,086
Occupancy Rate 96% 91% 87%
Vehicles Per Housing Unit 2 51 1,560

Commute Time To Work

  City County State
Less than 5 minutes 381 9,984 128,186
5 - 14 minutes 4,120 42,076 377,041
15 - 29 minutes 7,519 83,698 448,813
30 - 44 minutes 4,750 62,523 289,641
45-59 minutes 1,032 17,175 143,851
Over 60 minutes 555 9,931 80,850

Total Housing Units

Housing By Occupant

Commute Time To Work

Monthly Rental Rates

Monthly Mortgage Costs

Age of Homeowners

Education Attainment

  City County State
Some High School 1,812 87,304 374,133
High School Graduate 7,118 175,945 1,258,952
Some College 5,257 131,284 808,107
Associates Degree 2,330 42,392 355,880
Bachelors Degree 4,815 108,332 663,912
Graduate Degree 2,016 41,797 243,096

Education Attainment


Market Conditions

Market Conditions for Oak Creek

August 2017

Median Sale Price
$227,500

 UP 7.08%
vs. Month Ago
Homes for Sale
81

 DOWN -6.89%
vs. Month Ago
Homes Sold
37

 UP 15.62%
vs. Month Ago
Avg Days on Market
31

 UP 24.00%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $227,500. The median sales price for homes in August rose by $15,050 compared to last month. This represents a 7.08% increase from July. Compared to the same month last year, the median price of homes fell by ($2,500) representing a -1.08% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

The inventory of homes for sale fell by 6 in August to 81. This represents 6.89% decrease from July when 87 homes were on the market. Compared to the same month last year when there were 109 homes for sale, the inventory of homes for sale has fallen by 28 representing a -25.68% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The inventory of homes for sale fell by 6 in August to 81. This represents 6.89% decrease from July when 87 homes were on the market. Compared to the same month last year when there were 109 homes for sale, the inventory of homes for sale has fallen by 28 representing a -25.68% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Avg Days on Market

The average days on market for a home sold in August (31) increased by 6 days compared to July. This represents a 24% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 23, a -42.59% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

The Sale/List Price Ratio of 97.2% in August fell by 0.93% compared to July and decreased 0.78% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

The number of homes listed in August (34) fell by 4 compared to July, a 10.52% change. Compared to August 2016, the number of new listings decreased by 11, a -24.44% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Homes

The median list price in August was $227,400. The median list price for homes in August fell by ($2,500) compared to last month. This represents a 1.08% decrease from July. Compared to the same month last year, the median list price of homes decreased ($12,500) representing a -5.21% year-over-year decrease.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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