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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +2.8% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +7.1% YoY, is the number to watch.
The median listing price is up 2.8% YoY while the median home got down 0.7% bigger, so value per square foot is up 2.5%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $272K purchase rents for $1,350/mo: 0.50% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 1 BR (rent only, no matching sale price), 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent).
Sales here take about 4 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Townhouse (rented here, not sold).
U.S. Census ACS characteristics for ZIP 53214 itself, not its parent county.
Renters hold 45.1% of this ZIP's 16,192 occupied households, on a median household income of $61K.
| Measure | ZIP 53214 | Milwaukee County | Difference |
|---|---|---|---|
| Median Household Income | $61K | $64K | -$3K |
| Below Poverty Level | 15.6% | 17.2% | -1.6% |
| Median Age | 38.40 | 35.50 | +2.90 |
| Total Population | 34,480 | 926,331 | -- |
| Avg Household Size | 2.10 | 2.31 | -0.21 |
| Owner-Occupied | 54.9% | 49.9% | +5.0% |
| Worked From Home | 10.2% | 14.4% | -4.2% |
| Mean Commute | 20.40 | 22.20 | -1.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
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%.
County median household income is $64K, 17.2% of residents are below the poverty level, 14.4% work from home.