Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$286,344+3.7% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$62,073About 0.9× the local median income ($66,339): affordable for a typical household
Days on market37 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.5%Zillow expects prices to rise slightly
The typical home in Milwaukee County, WI is worth $286,344, up 3.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $247,116, so the area is 15.9% overvalued. It is a buyer's market: homes take about 37 days to sell, listings are up 13% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 3.5% over the next year. A household needs about $62,073 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,339. Typical rent is $1,507 a month, or $1,775 for a house. In the latest IRS figures, 5,909 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$286,344
Change in 1 year
+3.7%
Overvalued %
+15.9%
Show 7 more
Fair home value
$247,116
Change in 5 years
+33.0%
Zillow forecast, next 12 months
+3.5%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$1,552
Income needed to afford it
$62,073
Property tax rate
1.93%
Rent and investing
Typical rent
$1,507
Typical rent for houses
$1,775
Price-to-rent ratio
15.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,263
Gross rental yield
6.32%
Cap rate (estimate)
4.11%
Market activity
Listings vs a year ago
+12.7%
Days on market
37
Listings with a price cut
17.2%
Show 3 more
Homes for sale
1,901
Pending sales per 100 listings
11
Asking price per sq ft
$202
People and jobs
Median household income
$66,339
Population change (1 year)
−0.0%
Unemployment rate
4.8%
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Population
924,216
Income adjusted for cost of living
$68,461
Net moves in (IRS)
−5,909
Cost of living (US = 100)
96.9
Schools, risk and environment
School rating (1 to 10)
3.5
FEMA hazard risk score (0 to 100)
98.4
Unhealthy air days a year
16
Show 4 more
Flood risk score
97.0
Wildfire risk score
29.5
Walkability (1 to 20)
13.4
Road, rail and air noise
53 dB
Questions people ask
Is Milwaukee County, WI overvalued?
Home prices in Milwaukee County, WI are well above what local incomes have historically supported: fair value is about $247,116, so the area is 15.9% overvalued.
Is Milwaukee County, WI a buyer's or seller's market?
Milwaukee County, WI is a buyer's market: homes take about 37 days to sell, listings are up 13% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Milwaukee County, WI?
Home values in Milwaukee County, WI are up 3.7% over the last year. Zillow's forecast for the next 12 months is +3.5%.
How much do you need to earn to buy a home in Milwaukee County, WI?
A household needs about $62,073 a year to afford the typical home in Milwaukee County, WI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,339.