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Milwaukee city, WI

ZIP 53209 — 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 53209

Median Home Value
$150,200
Median Rent
$795
Affordability Snapshot
$41,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$965/mo PITI).

21%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

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

15.7 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 53209 in Milwaukee city, WI, a household would need roughly $41,000 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 $965. That is roughly in line with the local median household income ($45,288). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
41.7%-36% vs US avg
x
Vacancy Rate
12.0%+17% vs US avg
x
Broadband Access
82.7%-5% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
16.4%+28% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
31.9%-36% vs US avg
x
Mortgage-Free
42.2%+11% vs US avg
x
$150,200
Home Value
$795
Rent
1954
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached49.3%
  • 1-unit attached4.1%
  • 2-9 units29.0%
  • 10+ units17.5%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$150,200
Median rent$795
Owner-occupied41.7%
Vacant12.0%
Price-to-income3.3x
Est. income to buy$41,000