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Milwaukee city, WI

ZIP 53215 — Housing & Real Estate

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

Working ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 53215

Median Home Value
$148,400
Median Rent
$764
Affordability Snapshot
$41,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$953/mo PITI).

19%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

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

16.2 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 53215 in Milwaukee city, WI, a household would need roughly $41,000 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 $953. That sits below the local median household income ($49,207), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
47.2%-28% vs US avg
x
Vacancy Rate
8.7%-15% vs US avg
x
Broadband Access
83.1%-5% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
12.1%-6% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
22.3%-55% vs US avg
x
Mortgage-Free
33.6%-12% vs US avg
x
$148,400
Home Value
$764
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 detached40.9%
  • 1-unit attached5.0%
  • 2-9 units44.3%
  • 10+ units9.2%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$148,400
Median rent$764
Owner-occupied47.2%
Vacant8.7%
Price-to-income3.0x
Est. income to buy$41,000