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Milwaukee city, WI

ZIP 53208 — 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 53208

Median Home Value
$196,300
Median Rent
$764
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,261/mo PITI).

18%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

21.4 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 53208 in Milwaukee city, WI, a household would need roughly $54,000 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 $1,261. That is roughly in line with the local median household income ($50,585). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
39.7%-39% vs US avg
x
Vacancy Rate
15.2%+48% vs US avg
x
Broadband Access
82.3%-5% vs US avg
x
4+ Bedrooms
3.7%-75% vs US avg
x
Built Pre-1939
10.6%-17% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
27.7%-44% vs US avg
x
Mortgage-Free
32.8%-14% vs US avg
x
$196,300
Home Value
$764
Rent
1938
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 detached32.4%
  • 1-unit attached2.3%
  • 2-9 units41.0%
  • 10+ units24.1%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$196,300
Median rent$764
Owner-occupied39.7%
Vacant15.2%
Price-to-income3.9x
Est. income to buy$54,000