Much like its nearby areas, it's somewhat more expensive compared to the rest of the country. It is close to average compared to the city of Chicago.
Home prices
Germantown's median home value is $264,100. This is approximately $8,980 (3%) lower in comparison to other places in this area.It is roughly $46,600 (21%) higher in comparison to the entire country, and is approximately $6,100 (2%) higher in comparison to the city of Chicago.
Rents
In Germantown the median monthly rent is $1,064. This is about $27 (2%) lower in comparison to its nearby areas.In comparison to the United States as a whole it is is very similar, and it is approximately $48 (4%) lower in comparison to the city of Chicago.
Nearby places
Richfield
Richfield is Germantown's neighbor to the west. Its housing prices are a little more expensive. The cost of the median home in Richfield is $323,700, which is $59,600 (18%) higher than Germantown. Its rents are pretty similar. Richfield's median monthly rent is $1,038, which comes out to $26 (2%) lower than Germantown.
Menomonee Falls
Menomonee Falls is Germantown's neighbor to the south. Its housing prices are a bit less expensive. The median home in Menomonee Falls costs $247,300, which works out to $16,800 (6%) lower than Germantown. Rent there is similar. In Menomonee Falls the median monthly rent is $1,052, which works out to $12 (1%) lower than Germantown.
Mequon
Mequon is Germantown's neighbor to the east. Its housing prices are substantially more expensive. The median home in Mequon is valued at $407,000, which is $142,900 (35%) higher than Germantown. Rent there is somewhat more expensive. Mequon's median monthly rent is $1,561, which is $497 (31%) higher than Germantown.
Lannon
Lannon is roughly 5 miles south of Germantown. Housing prices there are substantially less expensive. Lannon's median home cost is $177,600, which comes out to $86,500 (48%) lower than Germantown. Rents there are significantly less expensive. The median monthly rent in Lannon is $804, which comes out to $260 (32%) lower than Germantown.
Jackson
Jackson is approximately 6 miles north of Germantown. Its housing prices are somewhat less expensive. The value of the median home in Jackson is $209,800, which works out to $54,300 (25%) lower than Germantown. The rent there is a bit less expensive. Jackson's median rent is $1,000 a month, which works out to $64 (6%) lower than Germantown.
