South Milwaukee, WI housing market
Typical home value
$304K
▲ 3.9% 1 yr
Typical rent
$1,148/mo
▲ 9.9% 1 yr
Gross rent yield
4.5%
U.S. 6.3%
5-year home value change
+24%
U.S. +20%
Key takeaways
- 1The typical home in South Milwaukee is worth $304,489, up 3.9% over the past year and up 24% over five years.
- 2Typical rent is $1,148 a month (+9.9% YoY), a gross rent yield of 4.5% (below the Milwaukee, WI metro's 4.8%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,673/mo, $525 more 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 South Milwaukee compares
| Measure | South Milwaukee | Milwaukee, WI metro | United States |
|---|---|---|---|
| Typical home value | $304,489 | $384,496 | $366,157 |
| Home value, 1-yr change | +3.9% | +5.3% | +1.2% |
| Typical rent | $1,148 | $1,549 | $1,932 |
| Rent, 1-yr change | +9.9% | +5.1% | +2.7% |
| Gross rent yield | 4.5% | 4.8% | 6.3% |
| Price-to-rent ratio | 22.1 | 20.7 | 15.8 |
| Mortgage P&I, typical home | $1,673 | $2,113 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical South Milwaukee rental, pre-filled.
Rent vs buy in South Milwaukee
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $304K home.
Other cities in the Milwaukee, WI metro
Milwaukee, WI
$223K home$1,443 rent
▲ 3.0% 1 yr
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
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.