Oconomowoc Real Estate Stats
| Average Price | $807K |
|---|---|
| Lowest Price | $230K |
| Highest Price | $4M |
| Total Listings | 91 |
| Avg. Price/SQFT | $339 |
Property Types (active listings)
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Explore Oconomowoc, WI Real Estate Market
Oconomowoc is a city in Waukesha County bordered by Lac La Belle, Summit, Delafield, and Nashotah. It covers 12.43 square miles and has a population of approximately 18,203. Lake living and water sports are a big part of civic life, with boating, water skiing, swimming, kayaking, and fishing.
Oconomowoc features several recreational lakes, including Oconomowoc Lakes, Okauchee Lake, Lac La Belle, Fowler Lake, Silver Lake, Upper and Lower Nashotah Lakes, Upper and Lower Nemahbin Lakes, Ashippun Lake, and Lower, Middle, and Upper Genesee Lakes.
Single-family homes dominate the local market, with the average price for a house going for $779,000. Classic mid-century ranches, split-levels, and traditional Cape Cods tend to range in price between $300,000 to $500,000, with newer builds in master-planned communities going for between $500,000 to $800,000. Lakefront estates go for more than $1,000,000.
Contact Lake Country Listings for more information about beautiful beach real estate and luxurious homes in Oconomowoc.
Oconomowoc Schools
Oconomowoc is served by the Oconomowoc Area School District. The district includes five elementary schools, two middle schools, and one high school.
Schools in Oconomowoc include:
- Greenland Elementary
- Summit Elementary
- Park Lawn Elementary
- Meadow View Elementary
- Ixonia Elementary
- Silver Lake
- Nature Hill Intermediate
- Oconomowoc High
Things to Do in Oconomowoc
Oconomowoc offers residents a range of activities, attractions, and amenities, with most centered on outdoor recreation and lakeside living. Within the city, residents can enjoy the 15.2-mile Lake Country Trail and the Fowler Loop, with Lac La Belle a 10-minute drive from most parts of the city. The historic downtown features boutique shopping, locally owned restaurants, the Wizard of Oz Plaza, and year-round community festivals.
Common Oconomowoc activities include:
- Walking or jogging the Lake Country Trail and Fowler Loop
- Water sports at Lac La Belle
- Shopping and dining in the historic downtown
- Catching a Lake Country DockHounds game
- Exploring the Oconomowoc Historical Museum
Location and Area Access
Oconomowoc is bordered by Lac La Belle, Summit, Dealfield, and Nashotah. The city covers 12.43 square miles and is home to approximately 18,203 residents.
Downtown Milwaukee is a 45-minute drive from most parts of Oconomowoc via WI-16 and I-94 E. The ProHealth Oconomowoc Memorial Hospital is conveniently located in town, with Carroll University a 25-minute drive away in Waukesha. The Milwaukee Mitchell International Airport is a 40-minute drive away.
Nearby destinations within easy reach include:
- ProHealth Oconomowoc Memorial Hospital (5 minutes)
- Lac La Belle (10 minutes)
- Brookfield Square shopping mall (25 minutes)
- Carroll University (25 minutes)
- Milwaukee Mitchell International Airport (40 minutes)
- Downtown Milwaukee (45 minutes)
Oconomowoc has earned its reputation as the heart of Lake Country, and we've watched the community grow while maintaining its charm over the years. The city sits between Milwaukee and Madison, giving you access to both metro areas while enjoying a walkable downtown with boutique shops, restaurants, and lakefront parks. Education here is strong, with the Oconomowoc Area School District posting nearly 98% graduation rates and test scores above state averages. Fowler Lake and Lac La Belle provide immediate recreation right in town, while over 20 additional lakes lie within a 10-mile radius. The community calendar stays full with the Festival of the Arts, Badgerland Water Ski Shows, farmers' markets, and free summer concerts at the bandshell. Healthcare options include Aurora Summit Hospital and ProHealth Care facilities nearby. We find that buyers relocating here appreciate how Oconomowoc balances natural beauty with practical conveniences for everyday living. Oconomowoc sits about 30-35 miles west of downtown Milwaukee, which translates to a 35-45 minute drive via Interstate 94. The highway runs through the southern portion of the city, making access straightforward for daily commuters. We have many clients who work in Milwaukee and find the commute worth it for the quality of life here. Madison is roughly 50 miles to the west, so residents are positioned almost exactly between Wisconsin's two largest cities. Waukesha is about 15 miles east. What makes Oconomowoc's location appealing is being far enough from urban congestion to feel like a getaway, while keeping major employment centers within reasonable driving distance. Oconomowoc's housing inventory ranges from historic Queen Anne homes near downtown to multi-million dollar lakefront estates. The main streets through the city feature gorgeous restored homes from the 1900-1940 era, many with original architectural details intact. Lakefront properties on Oconomowoc Lake, Lac La Belle, Fowler Lake, and surrounding waters command premium prices, with some exceeding $4 million for estates with private piers and significant shoreline. Established neighborhoods from the 1960s through 1980s offer well-maintained homes at more moderate price points. Newer subdivisions continue developing on the outskirts, providing contemporary construction with open floor plans and modern amenities. The lakes drive recreation here, but Oconomowoc offers far more than water activities. Fowler Lake Park features a renovated boardwalk, fishing pier, boat launch, and playground right downtown. The Badgerland Water Ski Show Team performs free shows on Fowler Lake throughout the summer, and Moonlit Movies concerts draw families to the bandshell weekly. Almost 50 parks are spread across the city, providing sports fields, courts, trails, and picnic areas. The Oconomowoc Arts Center brings live theater, music, and visual arts programming year-round. Shopping downtown includes boutiques, antique stores, and specialty retailers along Wisconsin Avenue. Restaurants range from casual lakeside spots to upscale dining at places like Twisted Fire and Weissgerber's Golden Mast Inn. The annual Festival of the Arts ranks among the nation's best juried art fairs, attracting thousands each August. Parades mark Memorial Day, Independence Day, Halloween, and Christmas, keeping the community engaged throughout every season. The name Oconomowoc comes from the Potawatomi language and translates to "where the waters meet" or "river of falling waters," depending on the interpretation. Either way, the name perfectly describes what you'll find here. The Potawatomi and Winnebago tribes were the first recorded inhabitants, drawn to this area by deep woodlands, clear lakes, abundant wildlife, and the raw materials needed to build permanent settlements. When white settlers arrived in the 1830s, they kept the Native American name as they established the trading post that eventually became the city. By 1865, Oconomowoc had incorporated and started attracting wealthy families from Chicago, Milwaukee, and St. Louis who built summer estates along the lakes. That resort heritage shaped the architecture and character you still see today. We enjoy sharing this history with buyers because it explains why Oconomowoc developed the way it did and why the lakefront lifestyle remains central to life here. The average price for a house in Oconomowoc is $779,000. Classic mid-century ranches, split-levels, and traditional Cape Cods tend to range in price between $300,000 to $500,000 with newer builds in master-planned communities going for between $500,000 to $800,000. Lakefront estates go for more than $1,000,000. Oconomowoc is served by the Oconomowoc Area School District. The district includes five elementary schools (Greenland, Summit, Park Lawn, Meadow View, Ixonia Elementary), two middle schools (Silver Lake, Nature Hill Intermediate), and Oconomowoc High School. Oconomowoc, Delafield, and Nashotah all offer access to Waukesha County’s "Lake Country" lifestyle while catering to different homebuyer preferences. Oconomowoc is the largest community of the three, featuring an arts-focused downtown, regular lakefront festivals, and accessible beaches on Lac La Belle and Fowler Lake. Delafield offers a more historic, boutique-oriented experience; its Williamsburg-style downtown features specialty shopping and fine dining, while outdoor enthusiasts are drawn to the hiking trails and observation tower at the nearby Lapham Peak State Park. The Village of Nashotah is significantly smaller and far more residential, providing residents with a quieter lake-centered community. Yes. Oconomowoc has a well-regarded school system, abundant outdoor recreation, and a year-round calendar of community events. Oconomowoc FAQs
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