21 Wisconsin Towns Where Home Prices Are Through the Roof (May 2025)

Home values in parts of Wisconsin have gone from modest to jaw-dropping, and the latest Zillow Home Value Index numbers prove it. From lakeside retreats to posh suburbs, these 21 towns now top the charts for the most expensive housing markets in the state. Some have climbed steadily for years; others surged seemingly overnight. Whether it’s location, luxury, or low inventory driving the prices, these spots show just how high the ceiling can go in the Badger State.

21. Ottawa – 84% Home Price Increase Since 2010

• 2010: $328,678
• 2011: $323,184
• 2012: $316,397
• 2013: $329,041
• 2014: $347,058
• 2015: $352,239
• 2016: $361,636
• 2017: $376,008
• 2018: $395,444
• 2019: $425,750
• 2020: N/A
• 2021: $489,446
• 2022: $532,246
• 2023: $552,286
• 2024: $584,986
• 2025: $603,616

Ottawa’s home values have steadily grown over the last 15 years, rising from just under $329K in 2010 to over $603K in 2025. The climb has been gradual and consistent, with only a few minor dips along the way. For buyers looking at long-term appreciation and stability, this semi-rural Waukesha County town has quietly delivered strong returns.

Ottawa – Peaceful Countryside with Price Momentum

Located in southeastern Wisconsin, Ottawa offers a peaceful blend of rural charm and proximity to bigger job markets in Waukesha and Milwaukee counties. Homebuyers are drawn by large lots, low traffic, and access to parks and trails, including parts of the Kettle Moraine State Forest. Its consistent price growth reflects a growing preference for homes outside of dense urban cores, especially among remote workers and retirees.

With 2025 home values averaging over $600K, Ottawa may surprise those who view it as a sleepy, under-the-radar town. But the numbers speak for themselves—demand has kept prices on an upward track for over a decade.

20. Verona – 97% Home Price Increase Since 2010

• 2010: $305,898
• 2011: $294,308
• 2012: $293,597
• 2013: $306,665
• 2014: $322,305
• 2015: $330,916
• 2016: $346,880
• 2017: $365,059
• 2018: $378,611
• 2019: $396,541
• 2020: N/A
• 2021: $457,142
• 2022: $511,267
• 2023: $539,262
• 2024: $580,135
• 2025: $604,041

Verona has nearly doubled in home value since 2010, with prices rising from around $306K to more than $604K in 2025. The biggest jumps came after 2020, reflecting growing demand for homes near Madison with suburban space and amenities. It’s one of the most consistent performers on this list.

Verona – Growing Fast Near Madison’s Tech Scene

Verona’s proximity to Epic Systems, one of the nation’s largest health tech firms, has transformed it from a quiet town into a booming suburban hotspot. Located just southwest of Madison, it’s a go-to for professionals who want access to the city but more room to breathe. The town features top-rated schools, parks, and newer housing stock—factors that have boosted its appeal over the last decade.

With values surging post-2020, Verona is now one of Dane County’s pricier housing markets. Buyers may find competition here, but also strong potential for long-term growth.

19. Springdale – 77% Home Price Increase Since 2010

• 2010: $343,401
• 2011: $328,553
• 2012: $318,900
• 2013: $329,061
• 2014: $348,681
• 2015: $355,636
• 2016: $375,351
• 2017: $383,064
• 2018: $401,430
• 2019: $420,754
• 2020: N/A
• 2021: $480,125
• 2022: $537,000
• 2023: $556,589
• 2024: $583,006
• 2025: $608,561

Home prices in Springdale have risen by more than three-quarters since 2010, topping $608K in 2025. The trend has been remarkably steady, with only modest slowdowns. The gains since 2021 alone account for nearly $130K in value growth.

Springdale – Rural Setting with Urban Access

Springdale is situated in Dane County, offering a mix of rolling countryside and easy access to Madison jobs. It’s not heavily developed, which makes it especially attractive to buyers who want privacy and land. Still, it’s close enough to enjoy city amenities without the bustle.

This balance has helped keep demand high while supply remains limited. As other parts of Dane County densify, Springdale’s appeal as a quiet alternative has only strengthened—helping push prices to new records.

18. La Grange – 86% Home Price Increase Since 2010

• 2010: $328,179
• 2011: $306,423
• 2012: $287,824
• 2013: $298,645
• 2014: $315,615
• 2015: $328,824
• 2016: $336,145
• 2017: $354,576
• 2018: $372,784
• 2019: $398,648
• 2020: N/A
• 2021: $479,788
• 2022: $552,494
• 2023: $563,415
• 2024: $585,325
• 2025: $611,836

La Grange home values have increased by 86% since 2010. While growth was moderate in the early years, the post-2020 market has brought sharp increases. From 2021 to 2025 alone, prices jumped over $130K.

La Grange – A Quiet Climb in Value

Located in Walworth County, La Grange is best known for Lauderdale Lakes and outdoor recreation. The town hasn’t seen the kind of dense development found elsewhere, but its natural beauty and seasonal popularity have made it an increasingly sought-after spot for second homes and retirees.

Despite its low profile, La Grange’s price trajectory shows that steady demand over time can pay off just as much as rapid growth. With home values crossing $600K, it’s among the state’s most expensive lake-area markets.

17. Whitefish Bay – 70% Home Price Increase Since 2010

• 2010: $367,443
• 2011: $334,718
• 2012: $334,185
• 2013: $352,664
• 2014: $376,184
• 2015: $385,428
• 2016: $400,959
• 2017: $414,231
• 2018: $427,475
• 2019: $439,046
• 2020: N/A
• 2021: $488,255
• 2022: $535,085
• 2023: $572,170
• 2024: $612,341
• 2025: $623,736

Whitefish Bay’s home values have risen over 70% since 2010, landing just above $623K in 2025. Its growth pattern reflects a high baseline and consistent upward momentum, rather than dramatic surges.

Whitefish Bay – Lakefront Living Near Milwaukee

Just north of downtown Milwaukee, Whitefish Bay is one of the metro’s most desirable suburbs. Known for its historic homes, top-ranked schools, and walkable neighborhoods, it’s long been a favorite for professionals and families alike.

While its price tag has always been on the higher side, the steady appreciation shows that its popularity isn’t just a trend. In a region with plenty of options, Whitefish Bay continues to stand out—and homebuyers are paying top dollar to get in.

16. Bristol – 100% Home Price Increase Since 2010

• 2010: $313,646
• 2011: $302,176
• 2012: $299,953
• 2013: $307,950
• 2014: $327,815
• 2015: $340,028
• 2016: $363,699
• 2017: $381,374
• 2018: $396,303
• 2019: $421,726
• 2020: N/A
• 2021: $477,566
• 2022: $537,511
• 2023: $556,283
• 2024: $587,797
• 2025: $627,209

Home prices in Bristol have exactly doubled since 2010, rising from about $314K to over $627K. That growth reflects a long stretch of steady gains with particularly strong momentum after 2020. Price increases have remained consistent year after year, showing broad demand with few dips.

Bristol – Growth Fueled by Location and Affordability

Situated in Kenosha County near the Illinois border, Bristol offers a strategic location for commuters heading to both Milwaukee and Chicago. Its mix of newer subdivisions and rural farmland creates a hybrid feel that appeals to a wide range of buyers—from young professionals to families looking for space.

While prices have risen, the town still offers relative value compared to some of its neighbors, which could explain the persistent buyer interest. With strong schools and a growing local economy, Bristol has quietly become one of southeastern Wisconsin’s most desirable housing markets.

15. Hartland – 73% Home Price Increase Since 2010

• 2010: $365,264
• 2011: $344,338
• 2012: $338,388
• 2013: $352,285
• 2014: $373,620
• 2015: $380,537
• 2016: $392,626
• 2017: $413,856
• 2018: $437,133
• 2019: $461,803
• 2020: N/A
• 2021: $525,814
• 2022: $567,183
• 2023: $596,736
• 2024: $611,951
• 2025: $631,024

Hartland’s home prices have increased by 73% since 2010. Most of that growth has been gradual, making it one of the steadier long-term markets in the state. Prices have jumped over $100K since 2021 alone, signaling continued demand in the post-pandemic housing landscape.

Hartland – A Top Pick in Lake Country

Hartland is in the heart of Waukesha County’s Lake Country region, surrounded by water, trails, and natural beauty. Known for its excellent schools and family-friendly feel, Hartland has become a go-to destination for buyers looking for community amenities without sacrificing access to Milwaukee.

The housing stock is varied, with everything from mid-century homes to custom new builds. Its convenient location along Highway 16 makes commuting manageable, while local growth has added restaurants, retail, and recreation options to the mix.

14. Mequon – 39% Home Price Increase Since 2010

• 2010: $456,683
• 2011: $416,410
• 2012: $397,834
• 2013: $408,968
• 2014: $436,518
• 2015: $443,045
• 2016: $462,146
• 2017: $478,842
• 2018: $490,800
• 2019: $508,100
• 2020: N/A
• 2021: $565,389
• 2022: $611,924
• 2023: $631,769
• 2024: $629,548
• 2025: $635,758

Home prices in Mequon have risen from about $457K in 2010 to nearly $636K in 2025—a 39% increase. Compared to other towns in this roundup, the growth has been modest but highly consistent. Since 2021, gains have plateaued slightly but still reflect solid buyer demand.

Mequon – Luxury Living Along Lake Michigan

Mequon is one of the most affluent suburbs north of Milwaukee, offering large homes, scenic lakefronts, and prestigious schools. It’s long been a magnet for executives and professionals looking for privacy and upscale amenities, and that’s kept values high even during slower growth periods.

Although appreciation hasn’t matched the pace of smaller, emerging towns, Mequon’s premium appeal and limited turnover keep its market competitive. The town blends rural charm with high-end living, making it a consistently strong performer in southeast Wisconsin.

13. Fontana – 70% Home Price Increase Since 2010

• 2010: $373,825
• 2011: $342,802
• 2012: $318,082
• 2013: $309,655
• 2014: $325,742
• 2015: $329,431
• 2016: $332,624
• 2017: $335,283
• 2018: $354,763
• 2019: $380,502
• 2020: N/A
• 2021: $471,230
• 2022: $563,288
• 2023: $598,730
• 2024: $620,024
• 2025: $636,154

Fontana has seen home prices climb by 70% since 2010, with much of that jump occurring after 2020. From around $374K in 2010 to over $636K in 2025, the town has quietly become one of the state’s most valuable lake communities.

Fontana – A Geneva Lake Favorite

Nestled on the western shore of Geneva Lake, Fontana is a small village with outsized appeal. It’s a favorite for second-home buyers from Illinois and metro Milwaukee, and its waterfront access makes it a premium destination during summer months.

The post-2020 surge reflects national interest in resort-style living—and Fontana delivers with charming streets, boat access, and a relaxed pace. As remote work remains popular, expect these types of seasonal towns to keep gaining traction.

12. Elm Grove – 90% Home Price Increase Since 2010

• 2010: $338,805
• 2011: $323,211
• 2012: $318,335
• 2013: $328,104
• 2014: $349,418
• 2015: $356,142
• 2016: $377,393
• 2017: $391,543
• 2018: $412,532
• 2019: $430,340
• 2020: N/A
• 2021: $502,248
• 2022: $547,335
• 2023: $568,696
• 2024: $612,136
• 2025: $644,523

Elm Grove’s home prices have risen by 90% since 2010. This is a town that has always been desirable, but the post-2020 market pushed values even higher—jumping over $140K in just the past four years.

Elm Grove – Milwaukee Suburb with Timeless Appeal

Elm Grove sits just west of Milwaukee and is regularly cited as one of the best places to live in Wisconsin. It offers tree-lined streets, a historic downtown, and top-ranked schools—all major draws for families and retirees alike.

With a housing market driven by low inventory and consistent demand, it’s no surprise Elm Grove has emerged as one of the priciest towns in the region. The charm is real, and buyers are clearly willing to pay for it.

11. Manitowish Waters – 121% Home Price Increase Since 2012

• 2010: N/A
• 2011: N/A
• 2012: $294,158
• 2013: $293,096
• 2014: $346,102
• 2015: $432,655
• 2016: $420,518
• 2017: $417,872
• 2018: $429,297
• 2019: $443,701
• 2020: N/A
• 2021: $505,671
• 2022: $610,652
• 2023: $626,230
• 2024: $640,250
• 2025: $650,686

Since 2012, home prices in Manitowish Waters have jumped by 121%, with values crossing the $650K mark in 2025. The largest increases happened between 2014 and 2022, when property values rose rapidly—likely driven by surging demand for Northwoods real estate during the pandemic years.

Manitowish Waters – Northwoods Retreat with Premium Price Tags

Located in Vilas County, Manitowish Waters is a beloved Northwoods destination, famous for its chain of lakes, outdoor recreation, and peaceful atmosphere. What used to be a haven for seasonal cabins has become a high-demand market for year-round homes and luxury retreats.

Buyers looking for a slower pace of life—but with access to water, trails, and nature—have increasingly turned here. That’s pushed prices well above expectations for a rural market. Despite its remote setting, home values here now rival those in some metro Milwaukee suburbs.

10. Springfield – 87% Home Price Increase Since 2010

• 2010: $363,348
• 2011: $355,396
• 2012: $348,594
• 2013: $367,054
• 2014: $381,799
• 2015: $392,603
• 2016: $413,358
• 2017: $424,366
• 2018: $438,349
• 2019: $462,110
• 2020: N/A
• 2021: $525,898
• 2022: $597,030
• 2023: $644,356
• 2024: $659,886
• 2025: $680,461

Springfield home prices have increased by nearly 87% since 2010, reaching just over $680K by 2025. The market has seen steady, year-over-year gains with especially strong growth from 2021 onward—adding over $150K in just four years.

Springfield – Dane County’s Quiet Climber

Located northwest of Madison, Springfield offers a peaceful mix of open countryside and access to major job markets. Unlike more built-up suburbs, it maintains a rural feel, with larger lots, fewer subdivisions, and a strong sense of privacy.

That appeal has only grown in recent years. With limited housing stock and consistent buyer demand, Springfield’s real estate market has seen sustained appreciation. It’s an increasingly popular alternative for buyers priced out of Middleton or Verona.

9. Vermont – 68% Home Price Increase Since 2016

• 2010: N/A
• 2011: N/A
• 2012: N/A
• 2013: N/A
• 2014: N/A
• 2015: N/A
• 2016: $409,560
• 2017: $441,405
• 2018: $460,699
• 2019: N/A
• 2020: $553,139
• 2021: $629,914
• 2022: $660,950
• 2023: $688,975
• 2024: $688,449
• 2025: N/A

From 2016 to 2024, Vermont’s home prices increased by approximately 68%. Though missing some data points, the upward trend is clear. Prices grew rapidly between 2020 and 2023, showing a significant post-pandemic spike typical of rural, high-demand areas.

Vermont – High Demand in a Low-Density Area

Vermont, Wisconsin (in Dane County), shouldn’t be confused with the East Coast state—though it shares the scenic appeal. This town is known for wide-open spaces, rolling hills, and a tranquil, rural atmosphere just a short drive from the state capital.

Limited inventory and growing interest from buyers seeking more privacy have pushed values upward. With several years of double-digit growth, Vermont has become one of Dane County’s strongest-performing rural markets.

8. Linn – 81% Home Price Increase Since 2010

• 2010: $383,900
• 2011: $355,005
• 2012: $329,107
• 2013: $336,622
• 2014: $347,264
• 2015: $361,953
• 2016: $377,791
• 2017: $397,325
• 2018: $427,988
• 2019: $460,231
• 2020: N/A
• 2021: $553,413
• 2022: $661,738
• 2023: $702,523
• 2024: $721,794
• 2025: $693,925

Linn’s home values have grown 81% since 2010, with most of that growth concentrated in the past five years. From under $384K in 2010 to nearly $694K in 2025, the town has transformed into one of Wisconsin’s most competitive lake-area markets.

Linn – Big Lake Views, Bigger Price Growth

Linn wraps around parts of Geneva Lake in Walworth County, sharing shoreline with some of Wisconsin’s most exclusive waterfront communities. It’s a quieter alternative to Lake Geneva but offers the same natural beauty and water access.

Thanks to its desirable location and increasing popularity among second-home buyers, Linn has experienced rapid appreciation since 2020. It’s now a top-tier housing market for buyers seeking lakeside living without the tourist crowds.

7. Nashotah – 100% Home Price Increase Since 2010

• 2010: $350,119
• 2011: $344,770
• 2012: $342,226
• 2013: $357,192
• 2014: $390,692
• 2015: $405,325
• 2016: $424,698
• 2017: $443,328
• 2018: $462,658
• 2019: $491,457
• 2020: N/A
• 2021: $567,294
• 2022: $616,097
• 2023: $669,982
• 2024: $686,344
• 2025: $700,824

Over the last 15 years, Nashotah home prices have doubled—from $350K in 2010 to over $700K in 2025. It’s one of the strongest performers on this list, with steady growth throughout the 2010s and a dramatic surge after 2020.

Nashotah – Quiet Strength in Lake Country

Nashotah sits near the eastern edge of Waukesha County’s Lake Country region. It’s a small town with large homes, wooded lots, and limited development—which makes it highly attractive to those wanting space and serenity.

Demand here is consistent, and its proximity to Delafield and Pewaukee means buyers can enjoy both tranquility and access to shopping, schools, and jobs. The growth in prices reflects its growing recognition as a premium destination.

6. Summit – 74% Home Price Increase Since 2010

• 2010: $413,013
• 2011: $404,581
• 2012: $399,534
• 2013: $417,345
• 2014: $444,326
• 2015: $433,798
• 2016: $448,498
• 2017: $465,360
• 2018: $487,867
• 2019: $511,310
• 2020: N/A
• 2021: $599,083
• 2022: $670,168
• 2023: $695,229
• 2024: $705,804
• 2025: $719,855

Summit home prices have climbed steadily over the last 15 years, rising from about $413K in 2010 to nearly $720K in 2025. The growth has been consistent, with no sharp spikes, pointing to a healthy and reliable market. Between 2021 and 2025 alone, prices rose by more than $120K, indicating strong post-pandemic demand. The market here has stayed competitive without being overheated, offering a degree of stability many buyers look for. Year after year, Summit remains attractive for buyers seeking upscale suburban living without urban congestion. Despite some dips around the mid-2010s, the long-term trend is upward. Its appreciation rate puts it among the top-tier towns in Waukesha County. For investors or long-term homeowners, this level of sustained growth is a positive signal.

Summit – Steady Growth in a Sought-After Suburb

Summit is a quiet town with a strong reputation for privacy, space, and lake access. Located west of Waukesha, it’s part of the broader Lake Country region, with easy access to both I-94 and a wide range of recreational amenities. Buyers are drawn to its larger lots, newer homes, and overall sense of calm. While not flashy or tourist-driven, the town offers quality schools, well-maintained infrastructure, and proximity to job hubs. It’s especially attractive to buyers seeking custom homes or higher-end new builds. The community has resisted overdevelopment, helping preserve its charm and property values. Summit has earned its price tag not by hype, but by consistent quality of life. It’s the kind of place where prices rise because people stay—and others want in.

5. Delafield – 75% Home Price Increase Since 2010

• 2010: $412,286
• 2011: $392,539
• 2012: $382,805
• 2013: $394,335
• 2014: $421,225
• 2015: $430,253
• 2016: $443,931
• 2017: $456,845
• 2018: $478,439
• 2019: $500,493
• 2020: N/A
• 2021: $578,779
• 2022: $637,288
• 2023: $671,155
• 2024: $693,819
• 2025: $720,088

Delafield has posted a 75% increase in home values since 2010, reflecting a steady climb from roughly $412K to over $720K. The town saw solid growth through the 2010s, followed by a dramatic surge after 2020. In just the last four years, prices have climbed by more than $140K. This performance places Delafield firmly among Wisconsin’s top-performing suburban markets. The market here has benefited from its location, reputation, and housing stock. There’s a mix of historic homes, modern estates, and lakefront properties—all of which attract well-heeled buyers. With every passing year, Delafield becomes harder to afford, and that exclusivity only increases demand. It’s one of those markets where desirability feeds price growth in a continuous loop.

Delafield – Lake Living Meets Suburban Sophistication

Delafield is perched on the shores of Nagawicka Lake and surrounded by upscale amenities, boutique shopping, and green space. It’s the crown jewel of Lake Country living, combining recreational access with a charming, historic downtown. The town offers highly rated schools, a tight-knit community feel, and convenient access to I-94, making it a natural choice for Milwaukee-area professionals. Housing options include everything from stately old homes to luxury lakefront properties with sweeping views. This wide range keeps the market dynamic while steadily pushing up average prices. Local investment in infrastructure and public space has made Delafield even more appealing over the last decade. With a growing number of year-round residents and limited inventory, the pressure on prices continues. Delafield’s appeal is both timeless and trending—it’s as popular as ever, and the data proves it.

4. River Hills – 50% Home Price Increase Since 2010

• 2010: $609,910
• 2011: $568,928
• 2012: $585,735
• 2013: $591,660
• 2014: $626,318
• 2015: $624,806
• 2016: $643,737
• 2017: $652,723
• 2018: $664,371
• 2019: $660,599
• 2020: N/A
• 2021: $750,280
• 2022: $820,207
• 2023: $865,062
• 2024: $915,955
• 2025: $913,984

River Hills home prices have grown by about 50% since 2010, pushing close to the $914K mark in 2025. Though less dramatic than some towns, this growth reflects a consistently high baseline. River Hills is a premium market that doesn’t swing wildly—it appreciates with quiet strength. Most of its gains came after 2020, when home values jumped over $150K in just three years. The town’s luxury appeal keeps it on a different tier compared to most Wisconsin communities. The relatively flat pricing during the 2010s was due to already high valuations. But recent growth shows that even elite markets are gaining steam. Buyers with deep pockets continue to pay for the exclusivity River Hills offers.

River Hills – Milwaukee’s Wealthiest Zip Code

River Hills is an ultra-exclusive enclave just north of Milwaukee, known for sprawling estates, wooded lots, and old-money charm. Homes here sit on multiple acres, often tucked behind long driveways and mature trees. It’s one of the only places in Wisconsin where zoning requires a minimum lot size of 5 acres, adding to its scarcity and prestige. The town lacks commercial development, by design, which only enhances the residential experience. Residents include business executives, athletes, and long-time Milwaukee elites. With prices already sky-high, the recent growth shows sustained appetite for luxury in a market with very little turnover. Privacy, security, and proximity to the city are what make River Hills so sought after. If you’re buying here, you’re not just purchasing a house—you’re buying into legacy.

3. Maple Bluff – 115% Home Price Increase Since 2010

• 2010: $456,831
• 2011: $443,196
• 2012: $438,561
• 2013: $449,224
• 2014: $465,103
• 2015: $470,698
• 2016: $500,137
• 2017: $523,155
• 2018: $544,854
• 2019: $589,082
• 2020: N/A
• 2021: $702,820
• 2022: $811,957
• 2023: $871,542
• 2024: $921,582
• 2025: $984,902

Home prices in Maple Bluff have more than doubled since 2010, climbing from $457K to nearly $985K. It’s one of the fastest-appreciating towns in the state, especially since 2020. In just the last four years, prices jumped by over $280K. That kind of growth reflects Maple Bluff’s emergence as a luxury hotspot near Madison. Once a quiet residential area, it’s now among the most competitive zip codes in south-central Wisconsin. The town has a limited number of homes, adding to the price pressure. This is not a market for casual buyers—it’s a destination for those who know exactly where they want to be. And many do.

Maple Bluff – A Capital-Area Classic With Prestige

Located on the northeast shore of Lake Mendota, Maple Bluff is one of the most exclusive communities near Madison. It’s home to the Wisconsin Governor’s Mansion and some of the capital city’s most stately properties. With scenic lake views, walkable streets, and a short drive to downtown, the appeal is obvious. Home styles range from early 20th-century mansions to elegant new builds, each with its own character. The village itself is tiny, with just a few hundred homes, which helps maintain high prices and low turnover. It’s the kind of place where properties rarely hit the open market—they’re often passed along privately. Schools are excellent, and the overall atmosphere is quiet, established, and deeply desirable. Maple Bluff isn’t just expensive—it’s aspirational.

2. Shorewood Hills – 108% Home Price Increase Since 2010

• 2010: $537,341
• 2011: $522,765
• 2012: $505,366
• 2013: $533,410
• 2014: $561,149
• 2015: $573,908
• 2016: $594,738
• 2017: $607,581
• 2018: $644,707
• 2019: $663,811
• 2020: N/A
• 2021: $757,709
• 2022: $863,638
• 2023: $925,254
• 2024: $1,030,641
• 2025: $1,115,110

Home values in Shorewood Hills have more than doubled since 2010, reaching over $1.1 million in 2025. That 108% increase includes a massive $350K+ gain just since 2020. The growth reflects intense competition for homes in this tiny, historic community near downtown Madison. Price movement in Shorewood Hills tends to come from high demand and incredibly limited supply—turnover is minimal. As a result, when homes do become available, they command top dollar. The market is extremely stable at the high end, with few signs of softening. Shorewood Hills remains a rarefied enclave where demand far outpaces inventory. For homeowners, it’s one of the most secure real estate investments in the state.

Shorewood Hills – A Premier Madison Neighborhood with Elite Status

Shorewood Hills borders the University of Wisconsin campus and is just minutes from the state capitol, making it one of Madison’s most convenient and exclusive places to live. With its winding streets, mature trees, and well-preserved homes from the 1920s and ’30s, the village blends prestige with old-world charm. It’s governed independently from the City of Madison, which helps maintain its unique identity and tight community atmosphere. The population is small, the lots are generous, and access to Lake Mendota is a major bonus. This combination of history, location, and beauty makes Shorewood Hills a dream location for university faculty, medical professionals, and high-income families. The local school system is strong, walkability is excellent, and the neighborhood feel is unmatched in Madison. There’s no room to build new here—so when people buy, they often stay. That scarcity, coupled with location, keeps prices high and climbing.

1. Oconomowoc Lake – 76% Home Price Increase Since 2010

• 2010: $1,004,221
• 2011: $964,021
• 2012: $918,625
• 2013: $901,089
• 2014: $963,651
• 2015: $1,030,640
• 2016: $1,025,676
• 2017: $1,050,361
• 2018: $1,099,339
• 2019: $1,122,346
• 2020: N/A
• 2021: $1,351,185
• 2022: $1,668,647
• 2023: $1,757,698
• 2024: $1,814,520
• 2025: $1,770,454

Oconomowoc Lake tops the list with a 76% price increase since 2010, pushing values from just over $1 million to nearly $1.8 million in 2025. While already elite, the area saw a dramatic price spike post-2020, with values soaring by over $400K in just two years. Despite a slight dip in 2025, the long-term trajectory remains upward. The market is driven by extreme scarcity, as homes here are rarely listed publicly. Most transactions happen quietly among high-net-worth individuals. The lakefront appeal is timeless, and the prestige factor is unmatched in the state. This is Wisconsin’s luxury market at its peak, and the data confirms it. When it comes to price and exclusivity, no other town in Wisconsin comes close.

Oconomowoc Lake – Wisconsin’s Pinnacle of Prestige

Oconomowoc Lake is not just the most expensive town in Wisconsin—it’s one of the most exclusive in the entire Midwest. Located in Waukesha County, this small community wraps around its namesake lake and has long attracted the state’s wealthiest residents. Estate homes here sit on massive lakefront lots, with gated drives, private docks, and manicured landscapes. The village has minimal commercial development, ensuring a purely residential, low-traffic lifestyle. Residents value privacy, space, and access to water recreation, all within reach of Milwaukee and Madison. With extremely limited inventory and no room for dense development, competition is fierce. Most homes are custom, architect-designed, and rarely turn over. If you’re looking for the absolute top of Wisconsin real estate, this is it.