The typical owner-occupied home in Brookfield is worth about $443,900, 67% above the Wisconsin median of $266,500 and 33% above the national median of $332,700. Owners pay a median $5,389 a year in property taxes, about 1.21% of their home's value, lower than the Wisconsin rate of 1.42%. The median household earns $129,548 a year, so the median home costs 3.4 times the median income (3.4 times for Wisconsin). 83% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Brookfield at a glance
| Brookfield | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $443,900 | $266,500 | $332,700 |
| Median property tax paid per year | $5,389 | $3,792 | $3,119 |
| Property tax as a share of value | 1.21% | 1.42% | 0.94% |
| Median household income | $129,548 | $77,485 | $80,734 |
| Homes lived in by their owners | 83% | 68% | 65% |
| Owner homes with a mortgage | 59% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,356 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 19.5% | 21.0% |
| Median rent | $1,886 | $1,087 | $1,413 |
| Rent as a share of renters' income | 24.3% | 27.2% | 30.6% |
| Median year homes were built | 1975 | 1975 | 1980 |
| Vacant homes | 3.2% | 10.8% | 10.1% |
| Population | 41,273 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Brookfield
At this week's average 30-year rate of 7.11%, buying the median Brookfield home of $443,900 with 20% down costs about $3,021 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,761, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $129,492 for the 20%-down payment. That payment is 28% of the median Brookfield household income of $129,548; at that income and 20% down, the 28% guideline points to a home of about $444,000.
The median rent here is $1,886 a month, so owning the median home costs about $1,135 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $88,780 |
|---|---|
| Loan amount | $355,120 |
| Principal and interest | $2,389 |
| Property taxes (1.21% a year) | $448 |
| Homeowners insurance (our estimate, 0.5% a year) | $185 |
| PMI | $0 |
| Total per month | $3,021 |
Change the numbers in the calculator
| Down payment | $15,536 |
|---|---|
| Loan amount | $435,860 |
| Principal and interest | $2,932 |
| Property taxes (1.21% a year) | $448 |
| Homeowners insurance (our estimate, 0.5% a year) | $185 |
| FHA mortgage insurance | $196 |
| Total per month | $3,761 |
Change the numbers in the calculator
Questions about home buying in Brookfield
What is the median home value in Brookfield?
About $443,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Brookfield?
Homeowners pay a median $5,389 a year, which is about 1.21% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Brookfield?
For the median home with 20% down at 7.11%, the payment is about $3,021 a month. Keeping that under 28% of gross income takes about $129,492 a year.
More about Brookfield
- Mortgage Refinance in Brookfield
- Debt Relief in Brookfield
- Home Equity Loans in Brookfield
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data