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Milwaukee city, WI

ZIP 53202 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 53202

Median Home Value
$298,000
Median Rent
$1,167
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,914/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 53202 in Milwaukee city, WI, a household would need roughly $82,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,914. That is about 20% above the local median household income ($68,482), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
20.9%-68% vs US avg
x
Vacancy Rate
10.4%+1% vs US avg
x
Broadband Access
91.1%+5% vs US avg
x
4+ Bedrooms
0.9%-94% vs US avg
x
Built Pre-1939
4.8%-63% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
20.3%-59% vs US avg
x
Mortgage-Free
32.0%-16% vs US avg
x
$298,000
Home Value
$1,167
Rent
1967
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached4.4%
  • 1-unit attached2.1%
  • 2-9 units12.8%
  • 10+ units80.3%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$298,000
Median rent$1,167
Owner-occupied20.9%
Vacant10.4%
Price-to-income4.4x
Est. income to buy$82,000