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Milwaukee city, WI

ZIP 53221 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 53221

Median Home Value
$205,500
Median Rent
$948
Affordability Snapshot
$57,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,320/mo PITI).

18%
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.

18.1 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 53221 in Milwaukee city, WI, a household would need roughly $57,000 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 $1,320. That is roughly in line with the local median household income ($61,640). 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
57.4%-12% vs US avg
x
Vacancy Rate
4.3%-58% vs US avg
x
Broadband Access
89.3%+3% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
7.9%-38% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.4%-55% vs US avg
x
Mortgage-Free
36.8%-4% vs US avg
x
$205,500
Home Value
$948
Rent
1966
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 detached48.1%
  • 1-unit attached8.9%
  • 2-9 units25.5%
  • 10+ units15.0%
  • Mobile home & other2.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$205,500
Median rent$948
Owner-occupied57.4%
Vacant4.3%
Price-to-income3.3x
Est. income to buy$57,000