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Milwaukee city, WI

ZIP 53204 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 53204

Median Home Value
$106,000
Median Rent
$765
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$681/mo PITI).

21%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

11.5 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 53204 in Milwaukee city, WI, a household would need roughly $29,000 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 $681. That sits below the local median household income ($43,645), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
26.4%-60% vs US avg
x
Vacancy Rate
7.6%-26% vs US avg
x
Broadband Access
82.4%-5% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
8.4%-34% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
21.2%-57% vs US avg
x
Mortgage-Free
42.8%+12% vs US avg
x
$106,000
Home Value
$765
Rent
1938
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached28.6%
  • 1-unit attached2.7%
  • 2-9 units48.1%
  • 10+ units20.7%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$106,000
Median rent$765
Owner-occupied26.4%
Vacant7.6%
Price-to-income2.4x
Est. income to buy$29,000