Milwaukee, WI
Milwaukee County · Pop. 569,330
Ranked #49 of 243 cities
52Moderate
Median Home Price
🏠$210K
4.5% YoY
Median Rent
🔑$1,100
3.0% YoY
Median Income
💰$45K
Rent Burden
📊31.5%
% of income to rent
Income to Buy
🏦$60K
annual income needed
Income to Rent
📝$44K
annual income needed
Price-to-Income
⚖️4.7x
Homeownership
🏡42.0%
Rent vs. Buy
Buy
$1,118/mo
Est. mortgage (7%, 20% down)
Need $60K/yr income
Rent
$1,100/mo
Median rent
Need $44K/yr income
How Milwaukee Compares
| Metric | Milwaukee | Wisconsin | National |
|---|---|---|---|
| Home Price | $210K | $273K | $410K |
| Rent | $1,100 | $1,071 | $1,500 |
| Income | $45K | $75K | $75K |
| Rent Burden | 31.5% | 29.0% | 30.0% |
Key Takeaways
- • Home prices in Milwaukee are 49% lower than the national average.
- • Rent is 27% lower than the national average.
- • You need an income of $60K to comfortably buy a home here.
- • The homeownership rate is 42.0%, compared to 65.0% nationally.