Milwaukee-Waukesha, WI · Wisconsin
Milwaukee County
927,656 residents879 permits TTM$62,118 median HHI36 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$216,500
ACS 5-Year
Cap rate proxy
5.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
20.7%
HUD FMR ÷ ACS HHI
Net migration
+1.52%
IRS SOI
Permits (TTM)
879
Census BPS
Climate risk
98.4
FEMA NRI (0–100)
ZIP code breakdown36 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 53205 | — | — | — | 12.5% | — |
| 53209 | — | — | — | 10.3% | — |
| 53233 | — | — | — | 6.0% | — |
| 53223 | — | — | — | 8.5% | — |
| 53210 | — | — | — | 8.2% | — |
Ranked by composite score
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Demographics
Owner-occupied
49.8%
Census ACS
Vacancy rate
8.2%
Census ACS
Bachelor's degree +
33.9%
Census ACS
Rent burdened
45.6%
Census ACS (>30% income)
Median age
35.4
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026