Milwaukee, WI housing market
Typical home value
$223K
▲ 3.0% 1 yr
Typical rent
$1,443/mo
▲ 4.7% 1 yr
Gross rent yield
7.8%
U.S. 6.3%
5-year home value change
+36%
U.S. +20%
Key takeaways
- 1The typical home in Milwaukee is worth $223,304, up 3.0% over the past year and up 36% over five years.
- 2Typical rent is $1,443 a month (+4.7% YoY), a gross rent yield of 7.8% (above the Milwaukee, WI metro's 4.8%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,227/mo, $216 less than typical rent.
- 4Zillow forecasts the Milwaukee, WI metro's home values to change +3.5% over the next 12 months.
Market temperature (Milwaukee, WI metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 45/100, #203 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Milwaukee compares
| Measure | Milwaukee | Milwaukee, WI metro | United States |
|---|---|---|---|
| Typical home value | $223,304 | $384,496 | $366,157 |
| Home value, 1-yr change | +3.0% | +5.3% | +1.2% |
| Typical rent | $1,443 | $1,549 | $1,932 |
| Rent, 1-yr change | +4.7% | +5.1% | +2.7% |
| Gross rent yield | 7.8% | 4.8% | 6.3% |
| Price-to-rent ratio | 12.9 | 20.7 | 15.8 |
| Mortgage P&I, typical home | $1,227 | $2,113 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Milwaukee rental, pre-filled.
Rent vs buy in Milwaukee
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $223K home.
Other cities in the Milwaukee, WI metro
Waukesha, WI
$420K home$1,475 rent
▲ 6.4% 1 yr
West Allis, WI
$272K home$1,445 rent
▲ 4.6% 1 yr
Wauwatosa, WI
$420K home$1,680 rent
▲ 4.4% 1 yr
South Milwaukee, WI
$304K home$1,148 rent
▲ 3.9% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.