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Milwaukee city, WI

ZIP 53207 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 53207

Median Home Value
$228,500
Median Rent
$1,011
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,468/mo PITI).

15%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.8 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 53207 in Milwaukee city, WI, a household would need roughly $63,000 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 $1,468. That sits below the local median household income ($79,576), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.1%-8% vs US avg
x
Vacancy Rate
5.6%-45% vs US avg
x
Broadband Access
89.9%+3% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
13.9%+8% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
12.8%-74% vs US avg
x
Mortgage-Free
32.5%-15% vs US avg
x
$228,500
Home Value
$1,011
Rent
1943
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 detached54.9%
  • 1-unit attached2.0%
  • 2-9 units30.5%
  • 10+ units12.5%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$228,500
Median rent$1,011
Owner-occupied60.1%
Vacant5.6%
Price-to-income2.9x
Est. income to buy$63,000