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Milwaukee city, WI

ZIP 53216 — 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 53216

Median Home Value
$122,800
Median Rent
$790
Affordability Snapshot
$34,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$789/mo PITI).

22%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.0 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 53216 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 $789. That sits below the local median household income ($43,466), 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

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics

Historic housing stock (22% built before 1939)

Owner Occupied
45.3%-31% vs US avg
x
Vacancy Rate
12.3%+19% vs US avg
x
Broadband Access
82.5%-5% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
21.9%+71% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
34.1%-31% vs US avg
x
Mortgage-Free
35.5%-7% vs US avg
x
$122,800
Home Value
$790
Rent
1950
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached50.4%
  • 1-unit attached3.4%
  • 2-9 units40.3%
  • 10+ units5.7%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$122,800
Median rent$790
Owner-occupied45.3%
Vacant12.3%
Price-to-income2.8x
Est. income to buy$34,000