Oconomowoc

Oconomowoc

Located in Waukesha County

$530,359 Average Value
$290 Average Price per Sq Ft
111 Homes For Sale

A small town in Wisconsin’s Lake Country

Before French Canadian fur traders colonized it, the land on which the City of Oconomowoc sits was inhabited by the Potawatomi people. The population grew after a rail station was constructed in 1896, bringing in vacationers who built lodge-style estates along the community’s three lakes: Lac La Belle, Lake Fowler and Oconomowoc Lake. A downtown area and several neighborhoods soon formed around the latter two lakes. The city’s name is derived from Coo-no-mo-wauk, the tribe’s word for waterfall. True to that name, a waterfall cascades over the Fowler Lake Dam into Lac La Belle.

Over time, Oconomowoc evolved into a place where most people stayed year-round. “Once you spend time here, you want to live here,” says Realtor Bonnie Lewis-Tschannen, who has been a resident for 20 years and sells homes with Stapleton Realty. “The first thing we noticed was the quaint downtown and that people were friendly right away. It felt like we had always lived here.”

The number of seasonal residents has increased in recent years, similar to how things were a century ago. “Short-term rentals have gained a lot in popularity over the past five years,” Lewis-Tschannen says. “Since more people work remotely now, if they want to spend the month of August here with family, they can do that.”

Today, the city has roughly 9,000 full-time residents, with the population expanding by almost 20% since 1990. “There has been a substantial amount of sprawl outside of the downtown as Oconomowoc has grown,” says Realtor Liz Tobolt, who sells homes with First Weber Real Estate. “It still has a nice hometown feel.”

There has been a substantial amount of sprawl outside of downtown as Oconomowoc has grown.
There has been a substantial amount of sprawl outside of downtown as Oconomowoc has grown.
Downtown Oconomowoc is quaint and lively during any season.
Downtown Oconomowoc is quaint and lively during any season.
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Suburban contemporaries and lodges on the lake

The median single-family home price is $540,000, more than double Milwaukee’s median price and more than the national median around $400,000. Since 2020, home prices increased by more than 30%, consistent with national trends. Most of the city’s suburban blocks are made up of early 2000s split-levels, ranch-style and contemporary-style homes priced from $240,000 to $600,000. On the southeast corner of town, newly built contemporaries are priced from $520,000 to $780,000. Along the lakes, most of the houses were built as vacation homes between the 1910s and ‘40s. These lodge-style homes are priced from $800,000 to $2.6 million. The city’s condos and townhouses are priced from $220,000 to $360,000.

Since Oconomowoc was built in Wisconsin’s Lake Country lowlands, some residential parts of the city are highly prone to flooding.

Split level homes are popular in Oconomowoc.
Split level homes are popular in Oconomowoc.
Lodge-style, lake homes were built in the 1940's and add to Oconomowoc's charm.
Lodge-style, lake homes were built in the 1940's and add to Oconomowoc's charm.
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Spending time on the water

The area’s key recreational feature is its lake access. Overlooking Fowler Lake, Fowler Lake Park has grills, a basketball court, tennis courts and a fishing pier. Some residents join the Oconomowoc Yacht Club, which has a kitchen, a ballroom and motorboat docks overlooking Oconomowoc Lake. In the summer, the city holds free Friday night concerts at the Rhodee Memorial Bandshell, which overlooks the beach. During Memorial Day and the Fourth of July, residents watch fireworks shows from the beaches or their boats.

The city experiences harsh winters and nighttime temperatures often sink below zero degrees Fahrenheit. “Since the lakes freeze over in the winter, people can skate and ice fish,” Tobolt says.

There are several public greenspaces within walking distance of residents. The city is home to Oconomowoc Golf Club, a private club that has been open since 1916. Other golf clubs and parks are connected by Lake County Trail, a 15-mile-long paved bike path. Its trailhead is located at Roosevelt Park, which has an ADA-compliant playground and a skate park. Oconomowoc Historical Museum is next to the park and tells the city’s story using model train sets and miniature landscapes.

Winter does not stop the residents of Oconomowoc from enjoying their lakes.
Winter does not stop the residents of Oconomowoc from enjoying their lakes.
Oconomowoc Golf Club is a private club that has been open since 1916.
Oconomowoc Golf Club is a private club that has been open since 1916.
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The downtown where The Wizard of Oz premiered

Oconomowoc has a flourishing downtown area called East Wisconsin Avenue, where boutique shops, cafés, wine bars and international dining options are based out of connected brick buildings from the late 19th century. There are also multiple lakeside restaurants within a 2-mile drive of the city. Twisted Fire serves craft beer and prime steak in a rustic environment. Weissgerber's Golden Mast Inn serves fine surf and turf dishes in an atmosphere modeled after the dining quarters of an old sailing ship. Various produce markets and grocery stores are within a mile of most residents.

The classic film "The Wizard of Oz" premiered at Oconomowoc’s Strand Theatre in 1939, and the city celebrates the anniversary every year. “People gather downtown for "The Wizard of Oz" festival, which always features an outdoor showing of the movie,” Tobolt says. The downtown also has a swirling yellow brick design and life-sized sculptures of the film’s characters.

The Wizard of Oz premiered at Oconomowoc's Strand Theater in 1939.
The Wizard of Oz premiered at Oconomowoc's Strand Theater in 1939.
The food and the hospitality at Twisted Fire in Oconomowoc will keep you coming back again and again.
The food and the hospitality at Twisted Fire in Oconomowoc will keep you coming back again and again.
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Highly rated public schools

The Oconomowoc Area School District has an A-minus Niche rating and a 97% graduation rate. The district’s reading and math proficiencies are well above the state and national averages.

For after-school study time or socialization, Oconomowoc Public Library holds writing workshops, fiber arts circles and book clubs.

The Oconomowoc Library is a popular place at all times of day.
The Oconomowoc Library is a popular place at all times of day.
Oconomowoc has highly-rated public schools.
Oconomowoc has highly-rated public schools.
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Getting around Wisconsin

Wisconsin Highway 16 and Interstate 94 take commuters 34 miles east to Milwaukee, while Interstate 94 takes them 50 miles west to Madison. Top employers in Milwaukee include Northwestern Mutual, Harley-Davidson and several not-for-profit healthcare companies. Madison’s top employers include General Electric, Cummins and Promega. Wisconsin Highway 67 runs through the city. The nearest major airport is Milwaukee Mitchell International.

Residents have access to ProHealth Oconomowoc Memorial Hospital.

The closest airport to Oconomowoc is Milwaukee's Mitchell Airport about an hour away.
The closest airport to Oconomowoc is Milwaukee's Mitchell Airport about an hour away.
Residents have access to ProHealth Oconomowoc Memorial Hospital.
Residents have access to ProHealth Oconomowoc Memorial Hospital.
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Crime

According to FBI data, the city’s violent and nonviolent crime rates are below the state and national averages.

William Palicia
Written By
William Palicia
Hayley McCormick
Photography Contributed By
Hayley McCormick
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Video By
David Fritzson

Interested in learning more about homes in this area? Reach out to Tonya Thomsen, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Oconomowoc Housing Trends

Housing Trends

Median List Price
$568,950
Median Sale Price
$551,700
Median Single Family Sale Price
$555,000
Median 2 Bedroom Sale Price
$499,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
449
Median Home Sale Price YoY Change
$6
Average Price Per Sq Ft
$290

Neighborhood Facts

Number of Homes for Sale
111
Months of Supply
3.00

Open Houses

  • Sunday, Jun 15
    12am - 2pm

    495 N Waterville Rd, Oconomowoc, WI 53066

    $950,000

    • 4 Beds
    • 3.5 Baths
    • 4,170 Sq Ft
    • 495 N Waterville Rd
    • New 3 days ago

    Trustway-built home on 5 private, marvelous wooded acres in Summit with a pond, mature trees, and water views. Enjoy peace, privacy, and abundant wildlife just minutes from Oconomowoc and Delafield. This light-filled colonial home features a granite kitchen w/ oak cabinetry, hardwood floors, stainless appliances, island, and breakfast nook. Main level offers formal dining, living and great room

    Agent Photo
    William Lauer
    Keller Williams Realty-Milwaukee North Shore
    (262) 999-6898
  • Saturday, Jun 14
    12 - 4pm

    1320 Prairie Creek Cir Unit 2, Oconomowoc, WI 53066

    $599,900

    • 3 Beds
    • 2 Baths
    • 1,760 Sq Ft
    • 1320 Prairie Creek Cir
    • Unit 2
    • New 13 days ago

    Experience easy, elegant living in this stunning new construction ranch condo ready for immediate move-in! Featuring 3 bedrooms, 2 baths, & a spacious open layout, this home impresses w/it's quality & unique architectural details. The chef's kitchen offers quartz counters, SS appliances & a large island. It flows seamlessly into the dining area & great room, complete w/a GFP that creates an

    Jessica Dunn Shorewest Realtors, Inc.

  • Sunday, Jun 15
    12 - 4pm

    1626 Belmont Ln Unit 27, Oconomowoc, WI 53066

    $604,900

    • 2 Beds
    • 2 Baths
    • 1,571 Sq Ft
    • 1626 Belmont Ln
    • Unit 27
    • New 16 days ago

    Breton model - New Construction - Occupancy March 2026 ~ Planned community in Village Crossing II Condominiums. Luxury finishes are standard. 10' high ceilings, real wood floors, granite kitchen countertops, Corian countertops in baths, kitchen appliances, full basements w/egress window, under-floor rough plumbing for future full bath & wet bar, concrete patio. Includes 1 year membership to YMCA

    Danielle Weise Kings Way Realty, LLC

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Oconomowoc Has More Owners

Demographics

Total Population
20,234
Median Age
43
Population under 18
22.8%
On par with the national average
23.8%
Population over 65
21.5%
On par with the national average
19.1%

Finances

Median Household Income
$97,724
Significantly above the national average
$71,702
Average Household Income
$116,583

Education and Workforce

High School Graduates
96.3%
Above the national average
89.1%
College Graduates
45.7%
Above the national average
34.1%
Advanced Degrees
12.9%
% Population in Labor Force
71.1%

Weather

Annual Precipitation
38''
Average Winter Low Temperature
11°F
Average Summer High Temperature
81°F
Annual Snowfall
34''
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Oconomowoc
Tonya Thomsen
Modern Realty Partners LLC