Rent to own Homes in Brookfield, WI
Brookfield is located in Waukesha County, Wisconsin. Since the first log cabin was placed on this territory back in 1836, Brookfield has grown rapidly. What was once a sleepy little farming village was incorporated in 1954, and has become a busy little suburb of nearly 38,000 people. With plenty of shopping, parks and colorful local history for residents and visitors alike to check out, many home buyers are discovering that Brookfield is a perfect place to live.
Brookfield, WI is a great place for affordable rent-to-own homes! With a median household income of over $107,380 and a median rent of $1,495, the Brookfield, WI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Brookfield, WI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Brookfield, WI Property Resources
Rent to own Homes in Cities Near Brookfield, WI
- Ashippun
- Big Bend
- Brookfield
- Brown Deer
- Browns Lake
- Burlington
- Butler
- Chenequa
- Delafield
- Dousman
- Eagle
- Eagle Lake
- East Troy
- Elm Grove
- Franklin
- Franksville
- Germantown
- Glendale
- Hales Corners
- Hartford
- Jackson
- Kansasville
- Lac La Belle
- Menomonee Falls
- Mequon
- Mukwonago
- Muskego
- Nashotah
- New Berlin
- North Lake
- Oconomowoc
- Okauchee
- Pewaukee
- Potter Lake
- Raymond
- River Hills
- Rochester
- Rubicon
- Slinger
- Sullivan
- Sussex
- Tichigan
- Wales
- Waterford
- Waukesha
- Waukesha Village
- Wauwatosa
- West Milwaukee
- Wind Lake
- Yorksville
Neighborhoods in Brookfield, WI
Capitol Drive Garden Acres rent to own homes Glen Kerry rent to own homes Imperial Estates rent to own homes Kinseys Garvendale rent to own homes River Heights rent to own homes The Sanctuary rent to own homes Weston Hills rent to own homes Willaura rent to own homesPopular Zip Codes in Brookfield, WI
53008 rent to own homes 53005 rent to own homes 53045 rent to own homesBuying a Home in Brookfield, WI
Brookfield, WI is seeing rapid growth and Brookfield, WI's' housing market remains not optimal with an average home price that is 52% above the 2024 national average. Brookfield, WI is part of Waukesha county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Waukesha is 1.51% which is above the national average, which is 0.99%.
Median Home Price in Brookfield, WI
Median Rent in Brookfield, WI
Top 4 Reasons to Live in Brookfield, WI
Plenty of shopping! The community of Brookfield is only a few miles outside Milwaukee, so it's a bustling town filled with many shopping options. The Brookfield Square Mall located on the southern end of town has been described as one of Wisconsin's best shopping malls. Mayfair Mall located just outside the town's eastern edge also offers extensive shopping options and plenty of fun.
High property values! Whether you're buying a property or you want to rent to own, getting a house in Brookfield is a great way to make sure that you get a return on your investment. The median price per square foot for a house in Brookfield was $147 as of November 2014. Property values continue to creep up at a steady rate of 0.6 percent per year, and are predicted to keep on rising, meaning that buying in Brookfield is a reliable long-term investment.
Ample parks! No matter what you love to do, Brookfield has many parks and other facilities to enjoy. Rolling Meadows Park, tucked into a little neighborhood called The Hideaway, offers 63 acres of lush, scenic land, including many wetlands that are home to birds and other local fauna. If you enjoy watching or playing sports, the Voigt Soccer Field offers one well-lit soccer stadium near the Fox River. If you're looking for something out of the ordinary, the Milwaukee County Zoo is less than a mile from the town, and 330 different species of animals call it home.
Buyer's market! As of November 2014, real estate experts say this little town is a buyer's market for residential real estate. This means that most houses have been on the market for a while and sellers may agree to close for substantially less than their asking price. Whereas the median asking price in Brookfield is $289,000, the median final sale price is only $255,735. With the real estate market strengthening around the country, it's not clear how much longer this will be the case, so anybody looking to purchase a home in this community should do so sooner rather than later.