The story of this market
The typical home in ZIP 53202 sells for about $333,000, or $257 per square foot.
Prices are down 16.4% from a year ago, which gives buyers more room to negotiate. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,259 a month.
ZIP 53202 — Milwaukee
The 53202 housing market is currently experiencing a significant correction with median sale prices declining year-over-year. While demand remains present, the market is shifting as price appreciation cools and inventory dynamics adjust in the downtown Milwaukee core.
This ZIP is ideal for young professionals, students, and urban-dwelling downsizers who prioritize walkability, proximity to downtown employment, and access to lakefront amenities.
Median prices moved down 16.4% year over year.
Homes spend a median of 49 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 15.9% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 53202, Milwaukee County WI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area features significant educational and institutional anchors including the Milwaukee School of Engineering and the Milwaukee Institute of Art & Design.
The ZIP is centrally located in downtown Milwaukee, providing high accessibility to the city's primary employment core via local transit and major street grids.
The area is highly walkable and features proximity to the Milwaukee lakefront, numerous downtown parks, and the vibrant shopping and dining districts of the Lower East Side and Juneau Town.
The area maintains a high renter share with significant demand driven by the local university student population and downtown professionals.
The economy is anchored by higher education, arts institutions, and the broader downtown Milwaukee professional services sector.
The area is served by a dense grid of city streets and public transit corridors, facilitating easy access to the greater Milwaukee metropolitan area.
Data sourced from Data Commons and City-Data.com; specific ACS table breakdowns not fully populated in source.
- Jellystone Park™ Caledonia4.314.5 mi
- Slick City Action Park4.47.9 mi
- Urban Air Trampoline and Adventure Park4.414 mi
- Dave & Buster's Wauwatosa3.97.6 mi
- Round1 Bowling & Arcade - Greendale3.88.4 mi
- American Family Field4.73.8 mi
- Fiserv Forum4.70.9 mi
- Milwaukee Public Market4.70.8 mi
- Wisconsin State Fair Park4.56 mi
- Baird Center4.51 mi
- Milwaukee County Zoo4.67.2 mi
- Harley-Davidson Museum®4.71.2 mi
- Milwaukee Art Museum4.80.3 mi
- Mitchell Park Domes Horticulture Conservatory4.72.7 mi
- Lakefront Brewery4.60.8 mi
- Harley-Davidson Museum®4.71.2 mi
- Milwaukee Art Museum4.80.3 mi
- Milwaukee Public Museum4.81.1 mi
- Discovery World4.60.5 mi
- Miller High Life Theatre®4.51 mi
- Mitchell Park Domes Horticulture Conservatory4.72.7 mi
- Boerner Botanical Gardens4.710 mi
- Seven Bridges4.88.7 mi
- Friends of Firefly Grove Park4.98 mi
- Bradford Beach4.61.7 mi
- South Shore Yacht Club4.63.3 mi
- McKinley Marina Central Docks4.60.7 mi
- Milwaukee Yacht Club4.50.9 mi
- South Milwaukee Yacht Club4.59.9 mi
- CenterPointe Marine Milwaukee4.41.4 mi
- Brown Deer Park Golf Course4.58.1 mi
- Dretzka Park Golf Course4.411.7 mi
- New Berlin Hills Golf Course4.39.4 mi
- Oakwood Park Golf Course4.412.9 mi
- Whitnall Park Golf Course4.210.7 mi
- Mayfair4.27.5 mi
- Milwaukee Public Market4.70.8 mi
- Southridge Mall4.18.4 mi
- 3rd St. Market Hall4.50.9 mi
- Bayshore4.25.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major educational anchor located in the heart of the ZIP.
A prominent arts institution serving the downtown area.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).