According to the Waunakee Area Chamber of Commerce, two early settlers owned land along the Chicago and Northwestern Railroad line and plotted a village on their property. The settlers, Baker and Fish, paid for the right of way from the railroad in order to build their village.
The name Waunakee was chosen over the alternative, Lester. The word is Native American in origin and means, among other things, “the fair and pleasant valley.”
Waunakee’s schools get a stellar rating from Niche, ranking #2 among the best school districts in the Madison area. The district’s overall rating is A+, with A ratings in academics, teachers, clubs and activities, college prep, and health and safety.
Real estate resource Redfin labels Waunakee’s real estate market as “somewhat competitive” based on homes receiving multiple offers and hot homes selling at list price. The average home price is around $360K.