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Milwaukee city, WI

ZIP 53205 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 53205

Median Home Value
$122,100
Median Rent
$667
Affordability Snapshot
$34,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$784/mo PITI).

26%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

15.3 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 53205 in Milwaukee city, WI, a household would need roughly $34,000 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 $784. That is roughly in line with the local median household income ($30,300). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
27.9%-57% vs US avg
x
Vacancy Rate
15.3%+48% vs US avg
x
Broadband Access
74.5%-14% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
2.4%-81% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
21.2%-57% vs US avg
x
Mortgage-Free
49.1%+29% vs US avg
x
$122,100
Home Value
$667
Rent
1965
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached34.3%
  • 1-unit attached6.3%
  • 2-9 units37.9%
  • 10+ units21.1%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$122,100
Median rent$667
Owner-occupied27.9%
Vacant15.3%
Price-to-income4.0x
Est. income to buy$34,000