Home Values

53224 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

$111,400

  • 7.3% 1-year change
  • 4.3% 1-year forecast

The median home value in 53224 is $111,400. 53224 home values have gone up 7.3% over the past year and Zillow predicts they will rise 4.3% within the next year. The median list price per square foot in 53224 is None. The median rent price in 53224 is $875, which is the same as the Milwaukee median of $875.

Foreclosures will be a factor impacting home values in the next several years. In 53224 7.7 homes are foreclosed (per 10,000). This is greater than the Milwaukee value of 6.9 and also greater than the national value of 3.0

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 53224 homeowners underwater on their mortgage is 37.6%, which is lower than Milwaukee at 38.9%.

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Relative ZHVI
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53224 Market Overview

Data through Mar 31, 2015
  • $111,400 ZHVI
  • 4.3% 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
    (Mar 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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53224 Market Health

Data through Mar 31, 2015
  • 2.4/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 37.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

7.7 homes(Feb 28, 2015) 53224
6.9 homes Milwaukee
3 homes United States
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Nearby Zip Codes

Name Median ZHVI
53022 $233,000
53051 $201,000
53007 $150,300
Name Median ZHVI
53222 $107,600
53225 $87,200
53223 $80,300
Name Median ZHVI
53216 $65,300
53218 $61,400
53209 $56,700

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
30.9%
Sold below listing
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53224 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,217 53224
    $1,087 Milwaukee
    $1,362 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $875 Rent list price
  • No data Rent list price / sq ft
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