Milwaukee
Wisconsin · Ranked #266 of 373 metros
62Moderate
💡
Housing in Milwaukee costs 4× the median income, below the national average of 4.5×. The median home price is $308K and median rent is $1,122/month. Milwaukee ranks #266 of 373 metros for affordability.
Median Home Price
🏠$308K
Need $78K income
Median Rent
🔑$1,122
Need $44K income
Housing Shortage
📉18,000
units needed
Building Permits
🔨5,500
annual
Median Income
💰$77K
Pop: 1,574,731
Rent Burden
⚠️31.5%
of renters paying >30%
Price Change (YoY)
📈+5%
Homeownership
🏡61.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Milwaukee | National |
|---|---|---|
| Price-to-Income Ratio | 4x | 6.1x |
| Rent Burden | 31.5% | 31.5% |
| Homeownership Rate | 61.0% | 65.5% |
| YoY Price Change | +5% | +3.5% |
| YoY Rent Change | +3.8% | +2.8% |
| Mortgage Denial Rate | 15.5% | 13.5% |
| Eviction Rate | 6.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +64%Since 2000: +159.5%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,027/mo
1 Bedroom$1,119/mo
2 Bedroom$1,338/mo
3 Bedroom$1,648/mo
4 Bedroom$1,784/mo
Zillow Market Data
Home Value (ZHVI)
$370K
1yr: +5.0%5yr: +36.5%
Rent (ZORI)
$1,484/mo
1yr: +3.3%5yr: +31.2%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$407K
Active Inventory
2,208
Days on Market
43
Sold Above List
52.3%
Price Drops
19.2%