Menomonee Falls, WI Real Estate

Home to over 35,000 people, Menomonee Falls is the largest village in Wisconsin. It is located in Waukesha County, just northwest of Milwaukee. Menomonee Falls is best known for its prime location and easy access to many great natural amenities, including the Menomonee River and the waterfall that gives the village its name.

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With five business parks, the business community in Menomonee Falls is booming. Big companies like Kohl’s, the Mutual Fund Division of Wells Fargo and Cousins Subs are headquartered in the village. It is also home to the Harley Davidson Powertrain Operations facility.

Menomonee Falls also has an excellent education system, with a 97% graduation rate and test scores above the state average. There are also seven private schools located in the village, as well as a number of specialty arts and sciences schools. Also the state’s oldest training school for skydivers is located at the nearby Aero Park Airport.

Recreational opportunities abound in Menomonee Falls. The village has more than 2,000 acres of village and county parklands and four 18-hole golf courses. The Menomonee River hosts a number of water activities, and the Bugline Recreational Trail is a 16-mile stretch for biking and hiking. At Lime Kiln Natural Area, you will find a 16-acre expanse with two historic lime kilns and a quarry, all of which are in the National Register of Historic Places. The golf courses in Menomonee Falls are spectacular. The course at North Hills Country Club is regarded as one of the state’s finest and is host to the Lombardi Classic. The Wanaki Golf Course is a 152-acre public course with seven challenging water hazards courtesy of the Fox River.

Some of the events held in Menomonee Falls include its Cheery Cherry Fall Fair, Chilly Fest, summer Concerts in the Park and a fishing derby at Mill Pond Park. The most notable – Cheery Cherry Fall Fair – is a cherry-themed arts and crafts fair with lots of food and music. Chilly Fest hosts an ice carving contest, chili competition, ice bowling, raffles, food and more.

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Garret Vliet, a government surveyor, discovered the waterfall of Menomonee Falls in 1836 and saw its potential as a power source. He later purchased land in the area, built a sawmill and hired Hollingsworth S. Smith to operate it. Smith is considered the first permanent resident of Menomonee Falls.

The Old Falls Historical Park, one of the village’s many attractions, features historic homes and buildings from the mid 1800s to the early 1900s.

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Menomonee Falls properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Benjamin Franklin Elementary And Early Learning Ce (Menomonee Falls) Menomonee Falls School District public 693 Not Provided Benjamin Franklin Elementary And Early Learning Ce GreatSchools Rating
Lannon Elementary School (Lannon) Hamilton School District public 276 Not Provided Lannon Elementary School GreatSchools Rating
Maple Avenue Elementary School (Sussex) Hamilton School District public 463 Not Provided Maple Avenue Elementary School GreatSchools Rating
Marcy Elementary School (Menomonee Falls) Hamilton School District public 574 Not Provided Marcy Elementary School GreatSchools Rating
Riverside Elementary School (Menomonee Falls) Menomonee Falls School District public 374 Not Provided Riverside Elementary School GreatSchools Rating
Shady Lane Elementary School (Menomonee Falls) Menomonee Falls School District public 408 Not Provided Shady Lane Elementary School GreatSchools Rating
Valley View Elementary School (Menomonee Falls) Menomonee Falls School District public 365 Not Provided Valley View Elementary School GreatSchools Rating
Woodside Elementary School (Sussex) Hamilton School District public 644 Not Provided Woodside Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Aquinas Academy (Menomonee Falls) private 121 Not Provided Aquinas Academy GreatSchools Rating
Bethlehem Evangelical Lutheran School (Menomonee Falls) private 0 Not Provided Bethlehem Evangelical Lutheran School GreatSchools Rating
Bethlehem Evangelical Lutheran School (Menomonee Falls) private 0 Not Provided Bethlehem Evangelical Lutheran School GreatSchools Rating
Grace Evangelical Lutheran School (Menomonee Falls) private 0 Not Provided Grace Evangelical Lutheran School GreatSchools Rating
North Middle School (Menomonee Falls) Menomonee Falls School District public 883 Not Provided North Middle School GreatSchools Rating
Pilgrim Lutheran School (Menomonee Falls) private 110 Not Provided Pilgrim Lutheran School GreatSchools Rating
St Anthony School (Menomonee Falls) private 0 Not Provided St Anthony School GreatSchools Rating
St. Mary Parish School (Menomonee Falls) private 358 Not Provided St. Mary Parish School GreatSchools Rating
Templeton Middle School (Sussex) Hamilton School District public 1054 Not Provided Templeton Middle School GreatSchools Rating
Zion Evangelical Lutheran School (Menomonee Falls) private 0 Not Provided Zion Evangelical Lutheran School GreatSchools Rating
Zion Lutheran Grade School (Menomonee Falls) private 123 Not Provided Zion Lutheran Grade School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Falls Baptist Academy (Menomonee Falls) private 0 Not Provided Falls Baptist Academy GreatSchools Rating
Hamilton High School (Sussex) Hamilton School District public 1405 Not Provided Hamilton High School GreatSchools Rating
Menomonee Falls High School (Menomonee Falls) Menomonee Falls School District public 1455 Not Provided Menomonee Falls High School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 35,688 394,355 5,687,217
Total Households 14,753 154,857 2,286,339
Total Families 10,007 110,170 1,476,860
Population Density 1,067 22,523 437,888
Percent Male 49% 49% 50%
Percent Female 51% 51% 50%
White Collar Jobs 74% 72% 55%
Blue Collar Jobs 26% 28% 45%

Top Occupations

Professions Population Employed
Sales 3,903
Healthcare 3,850
Manufacturing 3,561
Retail 3,382
Management 2,982
Information, Scientific and Technical 2,589
Transportation 2,310
Education 2,176
Professional Services 1,684
Arts and Media 978

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 15,280 162,576 2,620,437
Owner Occupied Housing Units 11,092 118,880 1,568,389
Renter Occupied Housing Units 3,661 35,979 717,965
Vacant Housing Units 533 7,779 334,086
Occupancy Rate 97% 95% 87%
Vehicles Per Housing Unit 2 53 1,560

Commute Time To Work

  City County State
Less than 5 minutes 380 5,440 128,186
5 - 14 minutes 4,990 21,918 377,391
15 - 29 minutes 8,083 35,226 448,514
30 - 44 minutes 3,199 27,565 288,851
45-59 minutes 466 13,157 143,851
Over 60 minutes 476 4,707 80,833

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 1,528 12,095 374,133
High School Graduate 7,085 69,586 1,258,952
Some College 4,664 59,487 808,107
Associates Degree 2,352 24,466 355,880
Bachelors Degree 6,971 71,668 663,912
Graduate Degree 2,914 26,615 243,343

Education Attainment


Market Conditions

Market Conditions for Menomonee Falls

August 2017

Median Sale Price
$259,200

 UP 3.68%
vs. Month Ago
Homes for Sale
182

 UP 6.43%
vs. Month Ago
Homes Sold
45

 DOWN -18.18%
vs. Month Ago
Avg Days on Market
42

 DOWN -10.63%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $259,200. The median sales price for homes in August rose by $9,200 compared to last month. This represents a 3.68% increase from July. Compared to the same month last year, the median price of homes rose by $15,000 representing a 6.14% 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 rose by 11 in August to 182. This represents 6.43% increase from July when 171 homes were on the market. Compared to the same month last year when there were 204 homes for sale, the inventory of homes for sale has fallen by 22 representing a -10.78% 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 rose by 11 in August to 182. This represents 6.43% increase from July when 171 homes were on the market. Compared to the same month last year when there were 204 homes for sale, the inventory of homes for sale has fallen by 22 representing a -10.78% 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 (42) decreased by 5 days compared to July. This represents a 10.63% decrease 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 19, a -31.14% 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 97.43% in August fell by 1.15% compared to July and decreased 0.37% 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 (92) rose by 25 compared to July, a 37.31% change. Compared to August 2016, the number of new listings increased by 19, a 26.02% 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 $292,400. The median list price for homes in August rose by $47,400 compared to last month. This represents a 19.34% increase from July. Compared to the same month last year, the median list price of homes increased $33,400 representing a 12.89% year-over-year increase.

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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