The story of this market
The typical home in ZIP 53185 sells for about $504,000, or $231 per square foot.
Prices are up +38.1% from a year ago, so sellers still have some momentum. Homes take about 73 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,212 a month.
ZIP 53185 — Waterford
The 53185 housing market is highly competitive, characterized by low inventory and significant year-over-year price appreciation. Demand remains strong for lakefront and rural residential properties, though the limited supply continues to constrain sales volume.
This ZIP is ideal for family buyers and those seeking a quiet, lake-oriented lifestyle who are willing to commute to nearby employment centers.
Median prices moved up 38.1% year over year.
Homes spend a median of 73 days on market with 3.2 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 4.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 53185, Racine County WI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by local districts including Waterford and Norway, generally characterized by stable community-focused educational environments.
The area includes significant waterfront property around Wind Lake, necessitating awareness of flood-plain management and shoreline zoning regulations.
Economic momentum is driven by its proximity to the Racine-Mount Pleasant metro area, with development focused on residential expansion and lakefront management.
Property taxes are assessed at the municipal level in the Town of Norway, with additional levies from the Wind Lake Management District for lake-specific maintenance.
Residents primarily commute by car toward the Racine and Milwaukee employment hubs, with typical travel times averaging approximately 28.5 minutes.
The area is defined by Wind Lake, offering extensive water-based recreation, fishing, and boating, alongside local parks and rural trail networks.
The rental market is limited, with a high owner-occupancy rate and low vacancy pressure, often dominated by single-family home rentals.
The local economy is integrated into the broader Racine-Mount Pleasant metro area, with a mix of manufacturing, healthcare, and service-sector employment.
Transportation is heavily reliant on private vehicle use, with access to regional highway corridors connecting to Milwaukee and Racine.
Development is primarily focused on residential infill and the maintenance of existing lakefront infrastructure.
The Racine County assessor manages property valuations, with assessments typically reflecting market value trends in the region.
Parcels are subject to local school district taxes and the Wind Lake Management District, which oversees lake health and association activities.
Property insurance premiums are influenced by the area's rural nature and proximity to water bodies, requiring standard hazard and potential flood coverage.
Data retrieved from Census Reporter and data.census.gov profiles for ZCTA 53185.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Jellystone Park™ Caledonia4.314.2 mi
- Slick City Action Park4.419.1 mi
- Urban Air Trampoline and Adventure Park4.416.8 mi
- Round1 Bowling & Arcade - Greendale3.814.4 mi
- Dave & Buster's Wauwatosa3.919.8 mi
- American Family Field4.719.7 mi
- Wisconsin State Fair Park4.518.2 mi
- Boerner Botanical Gardens4.712.8 mi
- Alpine Valley Music Theatre4.113 mi
- Apple Holler4.314.3 mi
- Boerner Botanical Gardens4.712.8 mi
- Marcus Ridge Cinema4.511.7 mi
- Green Meadows Petting Farm4.84.6 mi
- Kidcadia Play Café - Franklin4.611.7 mi
- Malone Park4.813 mi
- Walworth County Fairgrounds and Campgrounds- Elkhorn, Wisconsin4.519.4 mi
- Old World Wisconsin4.716.4 mi
- Sharon Lynne Wilson Center for the Arts4.820 mi
- Kids in Motion4.416.3 mi
- East Troy Railroad Museum4.711 mi
- Boerner Botanical Gardens4.712.8 mi
- Richard Bong State Recreation Area4.510.9 mi
- Whitnall Park4.712.2 mi
- Malone Park4.813 mi
- Oakwood Park Golf Course4.412.3 mi
- Lake Geneva Cruise Line4.818.8 mi
- South Milwaukee Yacht Club4.519.2 mi
- The Boat House Lauderdale Lakes4.318.7 mi
- Alpine Valley Resort4.412.8 mi
- Brighton Dale Links4.210.4 mi
- Morningstar Golfers Club4.38.9 mi
- Muskego Lakes Country Club4.37.2 mi
- Edgewood Golf Course45.3 mi
- 7 Mile Fair4.212.1 mi
- Fleet Farm4.69.6 mi
- Kohl's4.29.9 mi
- Pick 'n Save48.7 mi
- Pick 'n Save3.912.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major recreational anchor for the community, supporting boating, fishing, and seasonal activities.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).