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

$94,200

  • 0.9% 1-year change
  • 2.7% 1-year forecast

The median home value in Milwaukee is $94,200. Milwaukee home values have gone up 0.9% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in Milwaukee is None. The median rent price in Milwaukee is $922, which is lower than the Milwaukee Metro median of $999.

Foreclosures will be a factor impacting home values in the next several years. In Milwaukee 8.8 homes are foreclosed (per 10,000). This is greater than the Milwaukee Metro value of 2.9 and also greater than the national value of 3.5

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 6.4%, which is higher than the national value of 6.0%. 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 Milwaukee homeowners underwater on their mortgage is 36.5%, which is higher than Milwaukee Metro at 21.0%.

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Relative ZHVI
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Milwaukee Market Overview

Data through May 31, 2015
  • $94,200 ZHVI
  • 2.7% 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
  • $119,175 Median sale price
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Milwaukee Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 36.5% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 6.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

8.8 homes Milwaukee
2.9 homes Milwaukee Metro
3.5 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 May 31, 2015
  • No recent data Median list price / sq ft
  • $98 Median sale price / sq ft
  • No data Listings with price cut
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Milwaukee Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,076 Milwaukee
    $1,424 Milwaukee Metro
    $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

  • 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)
  • $922 Rent list price
  • $0.99 Rent list price / sq ft
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