Home Values

53206 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

$41,900

  • -11.2% 1-year change
  • -4.9% 1-year forecast

The median home value in 53206 is $41,900. 53206 home values have declined -11.2% over the past year and Zillow predicts they will fall -4.9% within the next year. The median list price per square foot in 53206 is $16, which is lower than the Milwaukee average of $90. The median price of homes currently listed in 53206 is $22,500 while the median price of homes that sold is $78,462. The median rent price in 53206 is $650, which is lower than the Milwaukee median of $850.

Foreclosures will be a factor impacting home values in the next several years. In 53206 11.8 homes are foreclosed (per 10,000). This is greater than the Milwaukee value of 7.9 and also greater than the national value of 4.0

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 53206 is 11.6%, which is higher than the national value of 6.9%. 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 53206 homeowners underwater on their mortgage is 42.4%, which is higher than Milwaukee at 38.2%.

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Relative ZHVI
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53206 Market Overview

Data through Sep 30, 2014
  • $41,900 ZHVI
  • -4.9% 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
    (Sep 30, 2015)
  • $22,500 Median listing price
  • No recent data Median sale price
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53206 Market Health

Data through Sep 30, 2014
  • 3.0/10 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
  • 42.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 11.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

11.8 homes 53206
7.9 homes Milwaukee
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
53211 $248,500
53202 $214,000
53208 $107,800
Name Median ZHVI
53212 $93,800
53210 $73,700
53216 $67,500
Name Median ZHVI
53205 $61,400
53209 $58,100
53204 $47,700

Listings & Sales

Data through Sep 30, 2014
  • $16 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 23.9% Listings with price cut
22.1%
Sold below listing
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53206 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $799 53206
    $1,051 Milwaukee
    $1,335 United States

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

  • 0.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $650 Rent list price
  • $0.48 Rent list price / sq ft
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