The story of this market
The typical home in ZIP 53206 sells for about $92,500, or $111 per square foot.
Prices are up +23.3% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,000 a month.
ZIP 53206 — Milwaukee
The 53206 housing market shows signs of price appreciation, with a 23.3% year-over-year increase in median sale price to $92,500. While the market remains affordable compared to the broader Milwaukee area, high vacancy rates and a renter-heavy demographic continue to shape the investment landscape. Market activity is driven by value-seeking investors and local buyers, though the inventory remains constrained.
This ZIP is primarily suited for investors looking for value-add opportunities in older housing stock and budget-conscious renters seeking proximity to the Milwaukee urban core.
Median prices moved up 23.3% year over year.
Homes spend a median of 48 days on market with 4.9 months of supply — a fast-moving market.
9% of listings have cut prices · homes sell at 93.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.1% · poverty 40.5% — elevated distress and economic pressure.
versus the prior ACS vintage
ZCTA 53206, Milwaukee County, WI
The area experiences higher rates of violent and property crime compared to the broader Milwaukee regional average, with public safety remaining a primary concern for local stakeholders.
Public schools serving the area generally face significant challenges, with many institutions receiving lower performance ratings compared to state and district averages.
The area is primarily urban with standard risks associated with aging infrastructure; flood and wildfire risks are generally low, though urban heat island effects are a noted environmental factor.
Economic momentum is driven by local community development initiatives and small-scale urban revitalization efforts, though the area lacks large-scale corporate headquarters or major new infrastructure projects.
Property taxes are assessed by the City of Milwaukee and Milwaukee County, with rates reflecting the city's reliance on property tax revenue to fund municipal services and public schools.
Residents have access to Milwaukee County Transit System bus routes, providing connectivity to downtown Milwaukee and major employment hubs within the city.
The area features several neighborhood parks and community centers, with proximity to larger regional amenities and shopping districts located in adjacent Milwaukee neighborhoods.
The rental market is characterized by high demand for affordable units, with a significant portion of the housing stock managed by individual investors and small-scale landlords.
The local economy is largely service-oriented, with many residents commuting to employment centers in downtown Milwaukee and the surrounding industrial corridors.
The area is served by a dense grid of city streets and public bus transit, facilitating access to the wider Milwaukee metropolitan transportation network.
Development efforts are currently focused on neighborhood stabilization and the rehabilitation of vacant residential properties.
The Milwaukee County assessment regime utilizes annual market-based valuations to determine property tax liabilities across all residential parcels.
Parcels are subject to Milwaukee Public Schools district taxes and municipal levies for city services, including police, fire, and sanitation.
Property insurance premiums in the area are influenced by the age of the housing stock and regional urban risk factors, with availability generally stable but costs rising.
Wisconsin is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically includes a redemption period for homeowners.
Wisconsin law requires sellers to provide a Real Estate Condition Report disclosing known defects in the property to potential buyers.
Data retrieved from data.census.gov ZCTA 53206 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Jellystone Park™ Caledonia4.316.6 mi
- Slick City Action Park4.46.1 mi
- Urban Air Trampoline and Adventure Park4.412.3 mi
- Dave & Buster's Wauwatosa3.95.7 mi
- Round1 Bowling & Arcade - Greendale3.89.2 mi
- American Family Field4.73.6 mi
- Fiserv Forum4.72.2 mi
- Milwaukee Public Market4.73.1 mi
- Wisconsin State Fair Park4.55.3 mi
- Baird Center4.52.6 mi
- Milwaukee County Zoo4.65.9 mi
- Harley-Davidson Museum®4.73.1 mi
- Milwaukee Art Museum4.83.1 mi
- Mitchell Park Domes Horticulture Conservatory4.73.3 mi
- Lakefront Brewery4.62.1 mi
- Harley-Davidson Museum®4.73.1 mi
- Milwaukee Art Museum4.83.1 mi
- Milwaukee Public Museum4.82.5 mi
- Discovery World4.63.3 mi
- Miller High Life Theatre®4.52.4 mi
- Mitchell Park Domes Horticulture Conservatory4.73.3 mi
- Boerner Botanical Gardens4.710.6 mi
- Seven Bridges4.811.4 mi
- Friends of Firefly Grove Park4.96.1 mi
- Bradford Beach4.63.3 mi
- South Shore Yacht Club4.66 mi
- McKinley Marina Central Docks4.63 mi
- Milwaukee Yacht Club4.53.1 mi
- South Milwaukee Yacht Club4.512.5 mi
- CenterPointe Marine Milwaukee4.43.8 mi
- Brown Deer Park Golf Course4.55.7 mi
- Dretzka Park Golf Course4.48.8 mi
- Wanaki Golf Course4.412 mi
- New Berlin Hills Golf Course4.38.5 mi
- Whitnall Park Golf Course4.211.4 mi
- Mayfair4.25.4 mi
- Milwaukee Public Market4.73.1 mi
- Southridge Mall4.19.3 mi
- 3rd St. Market Hall4.52.7 mi
- Bayshore4.23.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A central community park providing green space and recreational facilities for local residents.
A notable urban agriculture project that serves as a community hub and educational space.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).