Home Values

Milwaukee Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$183,500

  • 0.7% 1-year change
  • 1.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in Milwaukee Metro is $183,500. Milwaukee Metro home values have gone up 0.7% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Milwaukee Metro is $111, which is higher than the Wisconsin average of $105. The median price of homes currently listed in Milwaukee Metro is $184,800 while the median price of homes that sold is $174,725. The median rent price in Milwaukee Metro is $943, which is lower than the Wisconsin median of $950.

Foreclosures will be a factor impacting home values in the next several years. In Milwaukee Metro 3.0 homes are foreclosed (per 10,000). This is greater than the Wisconsin value of 1.7 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Milwaukee Metro is 5.4%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Milwaukee Metro homeowners underwater on their mortgage is 22.8%, which is higher than Wisconsin at 17.9%.

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Relative ZHVI
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Milwaukee Metro Market Overview

Data through Feb 28, 2015
  • $183,500 ZHVI
  • 1.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $184,800 Median listing price
  • $174,725 Median sale price
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Milwaukee Metro Market Health

Data through Feb 28, 2015
  • 3.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 22.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3 homes Milwaukee Metro
1.7 homes Wisconsin
3.9 homes United States
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Cities in Milwaukee Metro

Name Median ZHVI
Brookfield $263,300
New Berlin $210,100
Menomonee Falls $200,300
Name Median ZHVI
Waukesha $174,100
Franklin $137,000
Oak Creek $120,600
Name Median ZHVI
Greenfield $97,600
Milwaukee $92,700
West Allis $83,100

Listings & Sales

Data through Feb 28, 2015
  • $111 Median list price / sq ft
  • $108 Median sale price / sq ft
  • 14.0% Listings with price cut
30.2%
Sold below listing
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Milwaukee Metro Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,430 Milwaukee Metro
    $1,159 Wisconsin
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $943 Rent list price
  • $0.96 Rent list price / sq ft
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