The story of this market
The typical home in ZIP 53208 sells for about $249,900, or $165 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $936 a month.
ZIP 53208 — Milwaukee
The 53208 housing market is characterized by steady demand for historic, single-family homes, with a median sale price of approximately $249,900. The market remains competitive, as evidenced by a sale-to-list ratio of 101%, indicating that well-priced properties are selling at or above asking price. Growth is supported by the area's proximity to major medical and employment hubs, though the market is tempered by broader urban economic challenges.
This ZIP is ideal for first-time homebuyers seeking historic character at an accessible price point, as well as investors looking for rental opportunities near the city's major employment hubs.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 101% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.9% · poverty 21.6% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 53208, 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.
Crime rates in the 53208 area remain higher than the national average, with property and violent crime trends showing persistent challenges compared to suburban Milwaukee County counterparts.
Public schools serving the area are primarily part of Milwaukee Public Schools, which face ongoing challenges regarding academic performance and resource allocation compared to neighboring suburban districts.
The area is primarily urban with standard risks for structural fire and localized urban flooding; it is not located in a high-risk wildfire zone.
Economic momentum is driven by proximity to downtown Milwaukee and major medical centers like Froedtert and the Medical College of Wisconsin, though large-scale new development is limited by the area's mature, historic urban fabric.
Property taxes are levied by the City of Milwaukee and Milwaukee County, with additional levies for Milwaukee Public Schools and the Milwaukee Area Technical College district.
Residents benefit from excellent access to I-94, providing a direct 10-15 minute commute to downtown Milwaukee, with moderate public transit connectivity via Milwaukee County Transit System bus routes.
The area features historic Washington Park, which includes the Urban Ecology Center and lagoon, alongside proximity to the Miller Park/American Family Field entertainment district.
The rental market is deep and highly active, driven by a mix of long-term residents and students, with steady demand and low vacancy pressure in well-maintained historic properties.
The economy is anchored by healthcare, education, and manufacturing, with significant employment provided by the nearby Milwaukee Regional Medical Center and downtown corporate offices.
The area is well-served by major highway corridors including I-94 and I-41, facilitating regional travel, while local transit is provided by the Milwaukee County Transit System.
Development is primarily focused on the adaptive reuse of historic structures and incremental infill housing to support urban density.
The City of Milwaukee Assessor's Office conducts annual assessments based on market value, with property taxes calculated using the mill rate set by local taxing jurisdictions.
Parcels are subject to Milwaukee Public Schools, Milwaukee Area Technical College, and Milwaukee Metropolitan Sewerage District levies.
Property insurance premiums are influenced by the age of the housing stock and urban density, with standard coverage available for fire and liability.
Data retrieved from data.census.gov ZCTA-level tables.
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™ Caledonia4.315.1 mi
- Slick City Action Park4.44.7 mi
- Urban Air Trampoline and Adventure Park4.410.8 mi
- Dave & Buster's Wauwatosa3.94.4 mi
- Round1 Bowling & Arcade - Greendale3.87.2 mi
- American Family Field4.71.6 mi
- Fiserv Forum4.72.3 mi
- Milwaukee Public Market4.72.9 mi
- Wisconsin State Fair Park4.53.3 mi
- Baird Center4.52.4 mi
- Milwaukee County Zoo4.64.1 mi
- Harley-Davidson Museum®4.72.7 mi
- Milwaukee Art Museum4.83.4 mi
- Mitchell Park Domes Horticulture Conservatory4.71.8 mi
- Lakefront Brewery4.62.9 mi
- Harley-Davidson Museum®4.72.7 mi
- Milwaukee Art Museum4.83.4 mi
- Milwaukee Public Museum4.82.2 mi
- Discovery World4.63.5 mi
- Miller High Life Theatre®4.52.3 mi
- Mitchell Park Domes Horticulture Conservatory4.71.8 mi
- Boerner Botanical Gardens4.78.6 mi
- Seven Bridges4.810.5 mi
- Friends of Firefly Grove Park4.94.7 mi
- Bradford Beach4.64.5 mi
- South Shore Yacht Club4.65.4 mi
- McKinley Marina Central Docks4.63.8 mi
- Milwaukee Yacht Club4.53.9 mi
- South Milwaukee Yacht Club4.511.6 mi
- CenterPointe Marine Milwaukee4.43.4 mi
- Brown Deer Park Golf Course4.57.3 mi
- Dretzka Park Golf Course4.49.4 mi
- Wanaki Golf Course4.411.3 mi
- New Berlin Hills Golf Course4.36.6 mi
- Oakwood Park Golf Course4.412.8 mi
- Mayfair4.24.2 mi
- Milwaukee Public Market4.72.9 mi
- Southridge Mall4.17.3 mi
- 3rd St. Market Hall4.52.6 mi
- Bayshore4.25.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large historic park featuring the Urban Ecology Center and a lagoon.
Home of the Milwaukee Brewers, located just south of the ZIP.
Known for its historic architecture and active community association.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.