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Milwaukee city, WI

ZIP 53233 — 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 53233

Median Home Value
$132,900
Median Rent
$759
Affordability Snapshot
$37,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$854/mo PITI).

45%
Rent-to-Income Ratio

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

6.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

14.6 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 53233 in Milwaukee city, WI, a household would need roughly $37,000 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 $854. That is about 82% above the local median household income ($20,306), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
3.3%-95% vs US avg
x
Vacancy Rate
18.8%+83% vs US avg
x
Broadband Access
82.7%-5% vs US avg
x
4+ Bedrooms
1.6%-90% vs US avg
x
Built Pre-1939
8.3%-35% vs US avg
x
Built Post-2014
0.7%-91% vs US avg
x
Rent Burden >30%
37.1%-25% vs US avg
x
Mortgage-Free
58.1%+52% vs US avg
x
$132,900
Home Value
$759
Rent
1962
Year Built
2020
Moved In

Residents have lived here since ~2020 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached5.0%
  • 1-unit attached1.1%
  • 2-9 units14.0%
  • 10+ units79.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$132,900
Median rent$759
Owner-occupied3.3%
Vacant18.8%
Price-to-income6.5x
Est. income to buy$37,000