ZIP Code · WI

ZIP 53024

Part of Grafton, WI

Pop. 18,982·Ozaukee County·5th most expensive ZIP in Wisconsin

Median rent (all units)

$2,016/mo

Year-over-Year

Stable

Month-over-Month

+2.2%

vs US Median

+$84

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 53024 · $2,016

More expensive than 62% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,010

1 BR

$1,100

2 BR

$1,310

3 BR

$1,610

4 BR+

$1,750

Research median

$1,310/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($92,390) is $2,310 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,750).

Cheaper nearby

ZIP 53080, 6 miles away, rents for 21% less ($1,598/mo), about $5,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 53024. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,192/yr

At $2,016/mo median

Location

CityGrafton

StateWI

CountyOzaukee County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +2.2% MoM), not inventory.

Demographics

Who lives here

ZIP 53024 (Grafton, WI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 47.2% of residents hold a bachelor's degree or higher.

Population

18,982

Median income

$92,390

Median age

41.6

Renters

35.1%

Age distribution

21.4%

19.1%

26.6%

12.9%

20.1%

Under 1821.4%

18–3419.1%

35–5426.6%

55–6412.9%

65+20.1%

Gender

50.6%

49.4%

Male50.6%

Female49.4%

Race & ethnicity

90.9%

White90.9%

Black1.7%

Hispanic3.3%

Asian0.8%

Other3.3%

Education (25+)

22%

29.2%

47.2%

No HS diploma1.6%

HS diploma22%

Some college29.2%

Bachelor's+47.2%

Housing tenure

64.9%

35.1%

Owner64.9%

Renter35.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 53024 in Grafton, WI has changed in 5 years

Income

$82,798 → $92,390

up 11.6%

Population

18,619 → 18,982

up 1.9%

Renter share

29.9% → 35.1%

+5.2 pts

Bachelor's+

46.1% → 47.2%

+1.1 pts

Median age

40 → 41.6

+1.6 yrs

Census figures show median household income at $92,390 today, compared with $82,798 five years earlier. The population has grown by 1.9% since 2021, moving from about 18,619 residents to roughly 18,982. Renters now make up 35.1% of households, compared with 29.9% five years ago.

Community

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Local insights

Tips for renters in ZIP 53024

About renting in ZIP 53024

Last updated: October 17, 2026

ZIP code 53024 covers Grafton, WI. The median rent here is $2,016/mo as of October 2026. A 1-bedroom rents for a median of $1,100/mo. A 2-bedroom rents for a median of $1,310/mo.

At 26% of local median household income ($92,390/yr), ZIP 53024 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 53024?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (about $39/hour full-time) to afford the median rent of $2,016/mo in ZIP 53024. The local median household income is $92,390/yr, so the typical household meets that bar.