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Milwaukee city, WI

ZIP 53206 — 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 53206

Median Home Value
$70,800
Median Rent
$743
Affordability Snapshot
$19,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$455/mo PITI).

31%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

7.9 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 53206 in Milwaukee city, WI, a household would need roughly $19,000 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 $455. That sits below the local median household income ($28,995), 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 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
32.7%-50% vs US avg
x
Vacancy Rate
24.5%+138% vs US avg
x
Broadband Access
75.9%-13% vs US avg
x
4+ Bedrooms
5.9%-60% vs US avg
x
Built Pre-1939
11.5%-10% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
37.1%-25% vs US avg
x
Mortgage-Free
62.9%+65% vs US avg
x
$70,800
Home Value
$743
Rent
1938
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 detached43.4%
  • 1-unit attached4.2%
  • 2-9 units47.3%
  • 10+ units5.0%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$70,800
Median rent$743
Owner-occupied32.7%
Vacant24.5%
Price-to-income2.4x
Est. income to buy$19,000