Home Values

Milwaukee 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

$93,600

  • 0.3% 1-year change
  • 2.3% 1-year forecast

The median home value in Milwaukee is $93,600. Milwaukee home values have gone up 0.3% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in Milwaukee is None. The median rent price in Milwaukee is $924, which is lower than the Milwaukee Metro median of $1,000.

Foreclosures will be a factor impacting home values in the next several years. In Milwaukee 9.4 homes are foreclosed (per 10,000). This is greater than the Milwaukee Metro value of 4.3 and also greater 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 is 6.5%, which is higher 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 homeowners underwater on their mortgage is 38.9%, which is higher than Milwaukee Metro at 22.8%.

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Relative ZHVI
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Milwaukee Market Overview

Data through Apr 30, 2015
  • $93,600 ZHVI
  • 2.3% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $113,175 Median sale price
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Milwaukee Market Health

Data through Apr 30, 2015
  • 0.7/10 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
  • 38.9% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 6.5% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

9.4 homes Milwaukee
4.3 homes Milwaukee Metro
3.9 homes United States
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Neighborhoods in Milwaukee

Name Median ZHVI
Washington Heights $147,400
Sunset Heights $104,800
Grasslyn Manor $82,700
Name Median ZHVI
Saint Joseph $79,600
Uptown $78,500
Washington Park $63,000
Name Median ZHVI
Sherman Park $60,200
Roosevelt Grove $57,800
Park West $47,800

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $94 Median sale price / sq ft
  • No data Listings with price cut
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Milwaukee Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,087 Milwaukee
    $1,437 Milwaukee Metro
    $1,364 United States

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

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $924 Rent list price
  • $0.99 Rent list price / sq ft
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