Milwaukee Home Prices & Values

$95,300 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2% 1-year change
  • 0.1% 1-year forecast

The median home value in Milwaukee is $95,300. Milwaukee home values have gone up 1.2% over the past year and Zillow predicts they will rise 0.1% within the next year. The median list price per square foot in Milwaukee is $90, which is lower than the Milwaukee Metro average of $113. The median price of homes currently listed in Milwaukee is $109,900 while the median price of homes that sold is $120,750. The median rent price in Milwaukee is $850, which is lower than the Milwaukee Metro median of $920.

Foreclosures will be a factor impacting home values in the next several years. In Milwaukee 8.5 homes are foreclosed (per 10,000). This is greater than the Milwaukee Metro value of 3.9 and also greater than the national value of 4.3

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 6.8%, which is lower than the national value of 6.9%. 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 38.2%, which is higher than Milwaukee Metro at 21.2%.

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Relative ZHVI
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Milwaukee Market Overview

Data through Aug 31, 2014
  • $95,300 ZHVI
  • 0.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $109,900 Median listing price
  • $120,750 Median sale price
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Milwaukee Market Health

Data through Aug 31, 2014
  • 0.3/10 Less healthy What's This?  
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    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
  • 38.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

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

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Washington Heights $149,000 Sunset Heights $103,900 Grasslyn Manor $82,500
Saint Joseph $77,800 Uptown $74,400 Sherman Park $60,300
Roosevelt Grove $60,300 Washington Park $57,700 Park West $41,200

Listings & Sales

Data through Aug 31, 2014
  • $90 Median list price / sq ft
  • $98 Median sale price / sq ft
  • 46.2% Listings with price cut
31.9%
Sold below listing
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Milwaukee Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,045 Milwaukee
$1,415 Milwaukee Metro
$1,328 United States
  • 2.1 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $850 Rent list price
  • $0.76 Rent list price / sq ft
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