Home Values

53221 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

$121,000

  • -1.7% 1-year change
  • 1.7% 1-year forecast

The median home value in 53221 is $121,000. 53221 home values have declined -1.7% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in 53221 is None. The median rent price in 53221 is $750, which is lower than the Milwaukee median of $922.

Foreclosures will be a factor impacting home values in the next several years. In 53221 3.2 homes are foreclosed (per 10,000). This is lower than the Milwaukee value of 8.8 and also lower than the national value of 3.5

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 53221 homeowners underwater on their mortgage is 25.0%, which is lower than Milwaukee at 36.5%.

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Relative ZHVI
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53221 Market Overview

Data through May 31, 2015
  • $121,000 ZHVI
  • 1.7% 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
    (May 31, 2016)
  • No data Median listing price
  • $116,660 Median sale price
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53221 Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 25.0% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

3.2 homes 53221
8.8 homes Milwaukee
3.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
53207 $132,600
53110 $129,200
53154 $120,500
Name Median ZHVI
53220 $118,500
53219 $116,000
53215 $86,800
Name Median ZHVI
53204 $48,400
 
 

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $105 Median sale price / sq ft
  • No data Listings with price cut
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53221 Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,195 53221
    $1,076 Milwaukee
    $1,367 United States

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

  • 2.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $750 Rent list price
  • No data Rent list price / sq ft
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