Milwaukee-Waukesha, WI · Wisconsin
Milwaukee County
ZIP 53223
927,656 residents879 permits TTM$62,118 median HHI36 ZIP codesUpdated April 16, 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 53223
Median home value
—
Gross yield
—
Buy Box score
0.9
Section 8 gap
—
Affordability
P/I: 3.6R/I: 30.4%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown36 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 53206 | — | — | — | 13.4% | — |
| 53205 | — | — | — | 12.5% | — |
| 53204 | — | — | — | 11.1% | — |
| 53209 | — | — | — | 10.3% | — |
| 53218 | — | — | — | 10.1% | — |
| 53223 | — | — | — | 8.5% | — |
| 53210 | — | — | — | 8.2% | — |
| 53224 | — | — | — | 7.5% | — |
| 53216 | — | — | — | 7.4% | — |
| 53235 | — | — | — | 7.4% | — |
| 53222 | — | — | — | 7.3% | — |
| 53212 | — | — | — | 7.2% | — |
| 53214 | — | — | — | 6.5% | — |
| 53207 | — | — | — | 6.4% | — |
| 53225 | — | — | — | 6.3% | — |
| 53221 | — | — | — | 6.2% | — |
| 53233 | — | — | — | 6.0% | — |
| 53295 | — | — | — | 5.9% | — |
| 53208 | — | — | — | 5.7% | — |
| 53219 | — | — | — | 5.7% | — |
| 53202 | — | — | — | 5.4% | — |
| 53215 | — | — | — | 5.4% | — |
| 53220 | — | — | — | 5.4% | — |
| 53154 | — | — | — | 5.3% | — |
| 53110 | — | — | — | 5.3% | — |
| 53203 | — | — | — | 5.2% | — |
| 53226 | — | — | — | 5.0% | — |
| 53213 | — | — | — | 5.0% | — |
| 53132 | — | — | — | 4.8% | — |
| 53172 | — | — | — | 4.8% | — |
| 53227 | — | — | — | 4.5% | — |
| 53217 | — | — | — | 4.2% | — |
| 53211 | — | — | — | 4.0% | — |
| 53228 | — | — | — | 3.7% | — |
| 53129 | — | — | — | 3.4% | — |
| 53130 | — | — | — | 3.3% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
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 16, 2026