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

$38,800

  • -21.0% 1-year change
  • -7.2% 1-year forecast

The median home value in 53206 is $38,800. 53206 home values have declined -21.0% over the past year and Zillow predicts they will fall -7.2% within the next year. The median list price per square foot in 53206 is $8, which is lower than the Milwaukee average of $84. The median price of homes currently listed in 53206 is $12,000 while the median price of homes that sold is $78,462. The median rent price in 53206 is $650.

Foreclosures will be a factor impacting home values in the next several years. In 53206 12.3 homes are foreclosed (per 10,000). This is greater than the Milwaukee value of 11.6 and also greater than the national value of 4.2

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 10.5%, which is higher than the national value of 6.4%. 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 48.6%, which is higher than Milwaukee at 37.6%.

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Relative ZHVI
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53206 Market Overview

Data through Nov 30, 2014
  • $38,800 ZHVI
  • -7.2% 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
    (Nov 30, 2015)
  • $12,000 Median listing price
  • No recent data Median sale price
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53206 Market Health

Data through Nov 30, 2014
  • 0.1/10 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
  • 48.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 10.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

12.3 homes 53206
11.6 homes Milwaukee
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
53211 $246,300
53202 $212,300
53208 $109,100
Name Median ZHVI
53212 $95,900
53210 $73,700
53216 $67,000
Name Median ZHVI
53205 $60,000
53209 $56,500
53204 $48,200

Listings & Sales

Data through Nov 30, 2014
  • $8 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
20.0%
Sold below listing
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53206 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $789 53206
    $1,060 Milwaukee
    $1,342 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
  • $0.54 Rent list price / sq ft
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