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City · 566,973 residents · Milwaukee County, Wisconsin

Milwaukee , Wisconsin

In Milwaukee, a typical home is worth $184,000 and typical rent is $1,059 a month. Compared with all of Milwaukee County, the typical home value is 20% lower, typical household income is 16% lower, and the share of households that own their home is 8 points lower.

Milwaukee in numbers

  • Typical home value

    $184,000

    20% below the county

    31% below Wisconsin

    • Milwaukee
    • County
    • Wisconsin
  • Typical rent

    $1,059a month

    4% below the county

    3% below Wisconsin

    • Milwaukee
    • County
    • Wisconsin
  • Typical household income

    $54,234a year

    16% below the county

    30% below Wisconsin

    • Milwaukee
    • County
    • Wisconsin
  • Households that own their home

    42%

    8 points below the county

    26 points below Wisconsin

    • Milwaukee
    • County
    • Wisconsin

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$223,304
3% more than 12 months ago
Typical home value from Zillow, September 2021 to September 2026: from $164,669 to $223,304.
Typical rent
$1,443 a month
4.8% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,118 to $1,443.

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Milwaukee is in Milwaukee County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Milwaukee County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Milwaukee apart

What this place has that others do not, from public data, most unusual first.

  1. Milwaukee has the 4th lowest homeownership rate of the 156 cities in Wisconsin with more than 5,000 people (42%).

  2. Milwaukee has the 9th lowest typical household income of the 156 cities in Wisconsin with more than 5,000 people ($54,234).

  3. The typical home in Milwaukee is worth $184,000, 20% less than in Milwaukee County as a whole ($230,700).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Milwaukee

What homes there are in Milwaukee, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home
Kind of home: Milwaukee and its comparisons
MeasureMilwaukeeMilwaukee CountyWisconsinUnited States
Detached house 39%45%66%61%
Attached house 4%4%4%6%
Building of 2 to 4 29%22%9%8%
Apartments (5 or more) 27%28%17%19%
Mobile home 0%1%3%6%
Boat, RV and other Unreliable estimateUnreliable estimate0%0%

No kind of home is the majority in Milwaukee; the largest group, detached houses, adds up to 39%, less than in Milwaukee County (45%).

Year built
Year built: Milwaukee and its comparisons
MeasureMilwaukeeMilwaukee CountyWisconsinUnited States
Before 1960 64%56%33%26%
1960–1979 20%23%24%24%
1980–1999 7%11%22%25%
2000–2009 4%5%13%14%
2010 or later 4%5%9%11%

In Milwaukee, half of the homes were built before 1953; in Milwaukee County, before 1957.

In Milwaukee, 21% of homes have 1 bedroom or none (studios); 44% have 3 bedrooms or more, against 48% in Milwaukee County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Value of owner-occupied homes: Milwaukee and its comparisons
MeasureMilwaukee
Under $100K 18%
$100K–$200K 39%
$200K–$300K 29%
$300K–$500K 11%
$500K–$750K 2%
$750K–$1M 1%
$1M or more 1%

The FHA loan limit for Milwaukee County is $541,287, and about 97% of owner-occupied homes in Milwaukee are worth less than that.

Monthly rent with utilities
Monthly rent with utilities: Milwaukee and its comparisons
MeasureMilwaukee
Under $500 7%
$500–$999 37%
$1,000–$1,499 38%
$1,500–$1,999 12%
$2,000–$2,499 3%
$2,500–$2,999 1%
$3,000 or more 1%

Measured against HUD's 2-bedroom fair market rent ($1,263), about 64% of rented homes in Milwaukee cost less.

With a mortgage

$1,533 a month

Milwaukee County: $1,688 a month

Without a mortgage

$673 a month

Milwaukee County: $738 a month

Owners with a mortgage

65%

Milwaukee County: 65%

Owning costs less in Milwaukee: with a mortgage, the typical cost is $1,533 a month; in Milwaukee County, $1,688. Without one, $673.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019
Change since 2015–2019: Milwaukee and its comparisons
MeasureMilwaukeeMilwaukee CountyWisconsinUnited States
Typical home value +51%+46%+48%+53%
Typical rent +23%+25%+27%+33%
Typical household income +30%+27%+26%+29%

The typical home value in Milwaukee rose 51% since 2015–2019, more than in Milwaukee County (46%).

The typical rent in Milwaukee rose 23% since 2015–2019, about the same as in Milwaukee County (25%).

To compare: typical income in Milwaukee rose 30%; the home, +51%; the rent, +23%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

How people live: Milwaukee and its comparisons
MeasureMilwaukeeMilwaukee CountyWisconsinUnited States
Rental vacancy 6.9%6.1%4.5%5.5%
Homeowner vacancy 1.1%0.7%0.5%0.9%
More than one person per room 3.5%2.5%1.7%3.4%
People per household 2.372.312.332.53
Drive alone 66%69%74%69%
Carpool 10%9%7%9%
Public transit 5%3%1%3%
Walk or bike 5%4%3%3%
Work from home 13%14%13%15%
Other means 1%1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes10 to 19 minutes20 to 29 minutes

Open rentals in Milwaukee look like those in Milwaukee County: the rental vacancy rate is 6.9%.

More households are short on space in Milwaukee: 3.5% have more than one person per room; in Milwaukee County, 2.5%.

By size, households in Milwaukee look like those in Milwaukee County: 2.37 people on average.

In Milwaukee, 66% of workers drive alone to work; in Milwaukee County, 69%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Milwaukee?

A typical home costs more than the typical income allows

We start with a typical home in Milwaukee, worth $184,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Milwaukee, which is $54,234 a year. For that payment to be 28% of income, a household would need to earn about $72,304 a year.

The calculator's FHA and conventional loan limits are those of all of Milwaukee County.

Your numbers

Local data
$

Starts at the typical home value in Milwaukee. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,440 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,687

at 7.18% · 30 years

Loan amount
$180,667
Total interest
$259,938
Paid off in
November 2056

Includes $3,107 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,265 a month

  • Tight

    $1,265 to $1,627 a month

  • Hard

    more than $1,627 a month

    Your payment · 37%

Compared with the typical household income in Milwaukee ($54,234 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,687
Monthly payment breakdown
Principal & interest$1,224
Property tax$305
Home insurance$77
FHA mortgage insurance (MIP)$81

You need at least $6,440 for the down payment, plus closing costs.

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

Total monthly payment $1,687; principal and interest $1,224.

The city and its county

Milwaukee and Milwaukee County

Milwaukee is in Milwaukee County, Wisconsin. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Map of Milwaukee County, Wisconsin, with Milwaukee marked. Around it, the neighboring counties.

Milwaukee's own numbers

Typical home value
$184,000
Typical monthly rent
$1,059
Typical yearly household income
$54,234
Households that own their home
42%
Effective property tax rate
1.99%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Milwaukee County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,263
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
0.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Milwaukee County.

Everything about Milwaukee County

Buying

Buying a home in Milwaukee

A typical home in Milwaukee is worth $184,000: 20% below the county and 31% below Wisconsin. With the typical household income in Milwaukee ($54,234 a year), a typical home costs 3.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Milwaukee 3.4 years
  • County 3.6 years
  • Wisconsin 3.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Milwaukee County

According to FHFA’s house price index, home prices in Milwaukee County rose 96% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Milwaukee County.

Yearly change in FHFA’s price index in Milwaukee County, 2016 to 2025
  1. 2020: +3.8%
  2. 2021: +10.1%
  3. 2022: +13.4%
  4. 2023: +10.8%
  5. 2024: +6.7%
  6. 2025: +5.8%
Change in FHFA’s price index in Milwaukee County, Wisconsin and the United States
Period County Wisconsin U.S.
Last year (2025) +5.8% +5.4% +2.9%
5 years (2020–2025) +56% +57% +47%
10 years (2015–2025) +96% +96% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Milwaukee next to Milwaukee County, Wisconsin and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Milwaukee $184,000
  • County $230,700
  • Wisconsin $266,500
  • United States $332,700
Typical monthly rent
  • Milwaukee $1,059
  • County $1,101
  • Wisconsin $1,087
  • United States $1,413
Typical yearly household income
  • Milwaukee $54,234
  • County $64,435
  • Wisconsin $77,485
  • United States $80,734
See the full table
Milwaukee next to Milwaukee County and Wisconsin
Measure Milwaukee Milwaukee County Wisconsin U.S.
Typical home value $184,000 20% below the county $230,700 $266,500 $332,700
Typical monthly rent $1,059 4% below the county $1,101 $1,087 $1,413
Typical yearly household income $54,234 16% below the county $64,435 $77,485 $80,734
Households that own their home 42% 8 points below the county 50% 68% 65%
Typical yearly property tax $3,668 17% below the county $4,444 $3,792 $3,119
Effective property tax rate 1.99% 0.06 points above the county 1.93% 1.42% 0.94%
Renters with high rent for their income 51% 2 points above the county 48% 44% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Milwaukee County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Milwaukee

For a typical $184,000 home in Milwaukee, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Milwaukee's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,687a month

    Least cash to close
    Down payment
    $6,440
    Cash to close
    $11,960
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $81
  • Conventional, 5% down $1,653a month

    Down payment
    $9,200
    Cash to close
    $14,720
    Rate
    7.18%
    Mortgage insurance
    PMI · $87
  • Conventional, 20% down, no PMI $1,379a month

    Down payment
    $36,800
    Cash to close
    $42,320
    Rate
    7.18%
    Mortgage insurance
    None
  • ITIN, 15% down (example) $1,549a month

    Down payment
    $27,600
    Cash to close
    $33,120
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Milwaukee and for Milwaukee County.

Property tax

Effective rate in Milwaukee

1.99%of the home’s value each year

$3,668 a year for the typical owner in Milwaukee.

  • Milwaukee 1.99%
  • County 1.93%
  • Wisconsin 1.42%

What Wisconsin publishes Lottery and Gaming Credit for your primary residence (Wisconsin Department of Revenue)

Exemptions and deadlines in Wisconsin

Flood risk in Milwaukee County

FEMA does not publish these numbers by city: they are for all of Milwaukee County.

Homes in the high-risk zone
0.3%
519
Of those, with NFIP insurance
76%
Homes in the high-risk zone and with NFIP insurance: Milwaukee County, Wisconsin and the U.S.
Measure County Wisconsin U.S.
Homes in the high-risk zone 0.3% 1.4% 3.5%
Of those, with NFIP insurance 76% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Milwaukee

Typical rent in Milwaukee is $1,059 a month: 4% below the county. In Milwaukee, 51% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Milwaukee County, by unit size. To pay the 2-bedroom one ($1,263 a month) without spending more than 30% of your income, you would need to earn $24.29 an hour working full time.

HUD fair market rent for all of Milwaukee County

What you need to earn to pay it without spending more than 30% of income, working full time.

HUD fair market rent in Milwaukee County (Fiscal year 2027)
Size Fair rent a month Hourly wage Yearly income
Studio $985 $18.94 $39,400
1 bedroom $1,060 $20.38 $42,400
2 bedrooms $1,263 $24.29 $50,520
3 bedrooms $1,553 $29.87 $62,120
4 bedrooms $1,664 $32.00 $66,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Milwaukee

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Milwaukee has 21 ZIP codes with their own.

For 2 bedrooms it runs from $1,210 in 53204 to $1,890 in 53203.

5 of the 21 are above the fair market rent for Milwaukee County ($1,263).

2-bedroom fair market rent in each of the 21 ZIP codes of Milwaukee, beside the one for Milwaukee County. For 2 bedrooms it runs from $1,210 in 53204 to $1,890 in 53203. 5 of the 21 are above the fair market rent for Milwaukee County ($1,263).

8 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Milwaukee when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) (external site) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file (external site)

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Milwaukee

HUD lists 253 buildings with rents for lower incomes in Milwaukee. These are the largest.

  • Hillside Terrace 1545 N 7th St, Milwaukee 53205 470 low-income homes · Run by Housing Authority of the City of Milwaukee · Average payment: $422 a month · Average wait: 47 months · Homes at several sites (414) 286-5678
  • Parklawn 4612 W Rice St, Milwaukee 53216 380 homes, 379 low-income · Run by Housing Authority of the City of Milwaukee · Average payment: $376 a month · Average wait: 45 months · Homes at several sites (414) 286-5678
  • White Birch Apartments Phase 1 & 2 9235 N 75th St, Milwaukee 53223 356 homes, 339 low-income · For families
  • 3700 Green Tree Corp. 3744 W Green Tree Rd, Milwaukee 53209 264 low-income homes · For families (414) 352-7120
  • College Court 3334 W Highland Blvd, Milwaukee 53208 251 homes, 248 low-income · Run by Housing Authority of the City of Milwaukee · Average payment: $320 a month · Average wait: 30 months (414) 286-5678

See all 330 buildings in Milwaukee County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Milwaukee

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 5 HUD-approved agencies with an office in Milwaukee County; 4 say they serve in Spanish.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Milwaukee

No down payment, repair or rent-help program on our list is for Milwaukee or Milwaukee County. The ones below are statewide in Wisconsin: they work in Milwaukee the same as in the rest of the state.

  • WHEDA Easy Close Advantage DPA

    Statewide in Wisconsin

    Wisconsin state agency second mortgage for the down payment: up to 6% of the price, over 10 years with a monthly payment and the same rate as the WHEDA first mortgage. Offered by Wisconsin Housing and Economic Development Authority (WHEDA).

  • WHEDA Capital Access DPA

    Statewide in Wisconsin

    Limited funds remain, per the source

    $7,500 loan from the Wisconsin state agency for the down payment and closing costs, over 30 years, at 0% and with no monthly payments, alongside a WHEDA mortgage; limited funds, first come, first served. Offered by Wisconsin Housing and Economic Development Authority (WHEDA).

Housing counselors near Milwaukee

The HUD-approved agencies closest to the center of Milwaukee, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Housing Resources, Incorporated

    7830 W Burleigh St, Milwaukee · 2 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 3 more
  • Acts Housing

    270 E Kilbourn Ave Ste 5, Milwaukee · 3 miles away · Spanish

    Also serves in Hmong.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
  • United Community Center

    1028 S. 9th Street, Milwaukee · 4 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more

Every agency in Milwaukee County All counseling agencies in Wisconsin

Help in Spanish near Milwaukee

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Milwaukee

HUD’s record names them for Milwaukee or Milwaukee County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the City of Milwaukee Public housing and Section 8 vouchers (414) 286-5678
  • Milwaukee Co DHHS - Housing Division Section 8 vouchers (414) 289-6542

2 other authorities have an office in Milwaukee County: see the list Source: HUD

Cities

Other cities in Milwaukee County

These cities are also in Milwaukee County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

See 3 more cities in Milwaukee County, with prices and rents

Questions

Housing questions about Milwaukee

Short answers with the numbers for Milwaukee and all of Milwaukee County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Milwaukee?

The typical home value in Milwaukee is $184,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Milwaukee County it is $230,700.

How much does it cost to rent in Milwaukee?

Typical rent in Milwaukee is $1,059 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Milwaukee County is $1,263.

What is the FHA loan limit in Milwaukee?

Milwaukee uses the FHA limit for all of Milwaukee County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Milwaukee?

The typical homeowner in Milwaukee pays $3,668 a year, according to the U.S. Census Bureau. That is 1.99% of the home’s value; in Milwaukee County, the rate is 1.93%.

Where can I find free help to buy or rent in Milwaukee?

There are 5 HUD-approved counseling agencies with an office in Milwaukee County. 4 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).