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Milwaukee, Wisconsin

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $64K, +3.2% YoY (ZIP); renters hold 52.8% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +0.9% YoY. inventory, +12.5% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $288,037 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

37 ZIPs in this city:53201 53202 53203 53204 53205 53206 53207 53208 53209 53210 53211 53212 53213 53214 53215 53216 53217 53218 53219 53220 53221 53222 53223 53224 53225 53226 53227 53228 53233 53234 53237 53259 53263 53274 53278 53293 53295

Median Listing Price

$288K

Population

784,130

331,594

Median Days on Market

Active Listings

1,510

New Listings

630

Housing Market

The median listing price is up 0.9% YoY while the median home got down 1.2% bigger, so value per square foot is up 4.4%.

Pricing

Median Listing Price

$288K+0.9% YoY

Average Listing Price

$342K+2.9% YoY

Price per Sq Ft

$198.561+4.4% YoY

Median Sq Ft

1,439-1.2% YoY

Inventory

Active Listings

1,510+8.7% YoY

New Listings

630-13.2% YoY

Total Listings

1,747+12.5% YoY

Buyer Competition

Pending Listings

243+44.6% YoY

Pending Ratio

0.16+34.1% YoY

Median Days on Market

42+36.8% YoY

Price Reduced

19.5%-6.0% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 426,715

427Kunits

Occupied392,39992.0%

Vacant34,3168.0%

2024 Tenure ⓘ

U.S. Census ACS · n = 392,399

392Koccupied

Owner195,76649.9%

Renter196,63350.1%

Renter Share

50.1%-0.2% YoY

Total Housing Units

426,715+0.7% YoY

FY2026 Fair Market Rent

CountyMilwaukee County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,027

/month

1 BR

$1,119

/month

2 BR

$1,338

/month

3 BR

$1,648

/month

4 BR

$1,784

/month

FMR trends · Milwaukee County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 52.8% of this ZIP's 331,594 occupied households, on a median household income of $64K.

Population & Age

Total Population

784,130-0.2% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 784,130

784Kresidents

Under 18189,05924.1%

Adults 18–64485,70461.9%

65 & Over109,36713.9%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

34.64+0.5% YoY

Population Under 18

189,059-1.1% YoY

Population 65 & Over

109,367+1.7% YoY

Households & Mobility

Total Households

331,594+0.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.31-1.1% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house86.6%

Moved (within US)13.0%

Other0.4%

Veterans

4.0%-2.8% YoY

Income & Poverty

Median Household Income

$64K+3.2% YoY

Per-Capita Income

$37K+4.2% YoY

Mean Household Income

$86K+3.5% YoY

Below Poverty Level

19.1%-1.7% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone67.7%

Public transit4.2%

Worked from home14.1%

Other14.0%

Worked From Home

14.1%+15.3% YoY

Mean Commute

22.11-0.2% YoY

Units & Tenure

Total Housing Units

363,667+0.6% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 363,667

364Kunits

Occupied331,59491.2%

Vacant32,0738.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 331,594

332Khouseholds

Owner156,37347.2%

Renter175,22152.8%

Avg Household Size — Owner

2.49-0.7% YoY

Avg Household Size — Renter

2.15-1.4% YoY

County Demographics

County population is down 0.1% to 926,331: residents under 18 are down 1.0% and those 65 and over are up 2.3%.

Median Age

35.52024

Population

Milwaukee County Population

924,740+0.3% YoY

Households

Total Households

392,399+0.9% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.31-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 926,331

926Kresidents

Under 18219,44123.7%

Adults 18–64570,30961.6%

65 & Over136,58114.7%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

219,441-1.0% YoY

Population 65 & Over

136,581+2.3% YoY

Median Age

35.50+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.0%

Moved (within US)12.6%

Other0.4%

Veterans

4.3%-4.4% YoY

County Economy

County median household income is $64K, 17.2% of residents are below the poverty level, 14.4% work from home.

Income

Median Household Income

$64K+3.7% YoY

Per-Capita Income

$38K+3.9% YoY

Mean Household Income

$89K+3.2% YoY

Poverty

Below Poverty Level

17.2%-1.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone68.9%

Public transit3.4%

Worked from home14.4%

Other13.3%

Worked From Home

14.4%+13.4% YoY

Mean Commute

22.20-0.4% YoY

Done with Milwaukee? Put it next to another market.

State

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Compare with

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City

ZIP codes

Milwaukee, Wisconsin

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $64K, +3.2% YoY (ZIP); renters hold 52.8% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +0.9% YoY. inventory, +12.5% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

$288K

Population

784,130

331,594

Median Days on Market

Active Listings

1,510

New Listings

630

Housing Market

The median listing price is up 0.9% YoY while the median home got down 1.2% bigger, so value per square foot is up 4.4%.

Pricing

Median Listing Price

$288K+0.9% YoY

Average Listing Price

$342K+2.9% YoY

Price per Sq Ft

$198.561+4.4% YoY

Median Sq Ft

1,439-1.2% YoY

Inventory

Active Listings

1,510+8.7% YoY

New Listings

630-13.2% YoY

Total Listings

1,747+12.5% YoY

Buyer Competition

Pending Listings

243+44.6% YoY

Pending Ratio

0.16+34.1% YoY

Median Days on Market

42+36.8% YoY

Price Reduced

19.5%-6.0% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 426,715

427Kunits

Occupied392,39992.0%

Vacant34,3168.0%

2024 Tenure ⓘ

U.S. Census ACS · n = 392,399

392Koccupied

Owner195,76649.9%

Renter196,63350.1%

Renter Share

50.1%-0.2% YoY

Total Housing Units

426,715+0.7% YoY

FY2026 Fair Market Rent

CountyMilwaukee County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,027

/month

1 BR

$1,119

/month

2 BR

$1,338

/month

3 BR

$1,648

/month

4 BR

$1,784

/month

FMR trends · Milwaukee County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 52.8% of this ZIP's 331,594 occupied households, on a median household income of $64K.

Population & Age

Total Population

784,130-0.2% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 784,130

784Kresidents

Under 18189,05924.1%

Adults 18–64485,70461.9%

65 & Over109,36713.9%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

34.64+0.5% YoY

Population Under 18

189,059-1.1% YoY

Population 65 & Over

109,367+1.7% YoY

Households & Mobility

Total Households

331,594+0.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.31-1.1% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house86.6%

Moved (within US)13.0%

Other0.4%

Veterans

4.0%-2.8% YoY

Income & Poverty

Median Household Income

$64K+3.2% YoY

Per-Capita Income

$37K+4.2% YoY

Mean Household Income

$86K+3.5% YoY

Below Poverty Level

19.1%-1.7% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone67.7%

Public transit4.2%

Worked from home14.1%

Other14.0%

Worked From Home

14.1%+15.3% YoY

Mean Commute

22.11-0.2% YoY

Units & Tenure

Total Housing Units

363,667+0.6% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 363,667

364Kunits

Occupied331,59491.2%

Vacant32,0738.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 331,594

332Khouseholds

Owner156,37347.2%

Renter175,22152.8%

Avg Household Size — Owner

2.49-0.7% YoY

Avg Household Size — Renter

2.15-1.4% YoY

County Demographics

County population is down 0.1% to 926,331: residents under 18 are down 1.0% and those 65 and over are up 2.3%.

Median Age

35.52024

Population

Milwaukee County Population

924,740+0.3% YoY

Households

Total Households

392,399+0.9% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.31-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 926,331

926Kresidents

Under 18219,44123.7%

Adults 18–64570,30961.6%

65 & Over136,58114.7%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

219,441-1.0% YoY

Population 65 & Over

136,581+2.3% YoY

Median Age

35.50+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.0%

Moved (within US)12.6%

Other0.4%

Veterans

4.3%-4.4% YoY

County Economy

County median household income is $64K, 17.2% of residents are below the poverty level, 14.4% work from home.

Income

Median Household Income

$64K+3.7% YoY

Per-Capita Income

$38K+3.9% YoY

Mean Household Income

$89K+3.2% YoY

Poverty

Below Poverty Level

17.2%-1.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone68.9%

Public transit3.4%

Worked from home14.4%

Other13.3%

Worked From Home

14.4%+13.4% YoY

Mean Commute

22.20-0.4% YoY

Done with Milwaukee? Put it next to another market.