ZIP Code 53188 — Waukesha, WI Home Prices (2026)
The typical home in ZIP 53188 (Waukesha, Wisconsin) is worth about $437,000 at roughly $244 per square foot — about the same as the Waukesha median and 49% more expensive than the typical U.S. home.
How 53188 compares
ZIP 53188 is a mid-priced ZIP code for Waukesha: its typical home value of $437,000 ranks #2 of the 3 Waukesha ZIP codes we track (the citywide range runs from $375,000 in 53186 to $520,000 in 53189). Per square foot it costs about $244, against $244 for Waukesha as a whole, $209 for Wisconsin, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 53188 | $437,000 | $244 |
| Waukesha, WI | $437,000 | $244 |
| Wisconsin | $317,000 | $209 |
| United States | $294,000 | $195 |
Home value by size in 53188
Using this ZIP’s rate of about $244 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $244,000 |
| 1,500 sq ft | $366,000 |
| 2,000 sq ft | $488,000 |
| 2,500 sq ft | $610,000 |
| 3,000 sq ft | $732,000 |
Salary needed to buy a home in ZIP 53188
To buy the typical $437,000 home in ZIP 53188 with 20% down, you need a household income of roughly $119,000 a year (about $2,770 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $141,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $21,900 | $3,450/mo | $148,000/yr |
| 10% (+PMI) | $43,700 | $3,300/mo | $141,000/yr |
| 20% | $87,400 | $2,770/mo | $119,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 53188
At about $244 per square foot, here is roughly how much home different budgets get you in ZIP 53188:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 820 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1020 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1230 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1640 sq ft | around the typical home here |
| $500k | 2050 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 53188 home.
Estimate a specific home in 53188
The estimator below is pre-set to ZIP 53188 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Waukesha ZIP codes by home value
Where 53188 sits among Waukesha’s 3 ZIP codes:
ZIP 53188 home prices: frequently asked
What is the average home price in ZIP code 53188? +
What is the price per square foot in 53188? +
What salary do you need to buy a house in ZIP 53188? +
Is 53188 an expensive ZIP code? +
See the full Waukesha home values page, all Wisconsin cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.