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Area data

Milwaukee, WI — ZIP 53223

Population: 28,793 (Census ACS)

Home values & appreciation

Median home value
$237,960
1-year appreciation
+4.6%
3-year appreciation
+22.5%
5-year appreciation
+41.7%
10-year appreciation
+134.7%
All-time peak (2026-07)
$237,960
House Price Index
459.9 (+5.7% YoY)

Market activity

Median sale price
$260,000
Median list price
$279,900
Median days on market
38 days
Sale-to-list ratio
101.4%
Active listings
23
1-year forecast
+2.7%
New listings (monthly)
39

Rents

Typical rent
$1,745/mo
1BR fair-market rent
$978/mo
3BR fair-market rent
$1,599/mo

Affordability

Cost of living index (Below Average)
93.0 (100 = US avg)
Electricity rate (state-level)
18.2¢/kWh
Natural gas rate (state-level)
$10.70/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
7
Elementary schools
4
Middle schools
1
High schools
2
Charter schools
1

Natural hazards & flood risk

Overall hazard risk
Relatively High
Top hazards
coldWave, tornado, winterWeather, heatWave, inlandFlooding
FEMA flood zone
A09
Flood risk level
High

Climate (30-year normals)

Average annual temperature
50.0°F
Average high
57.0°F
Average low
42.0°F
Annual precipitation
38.3 in
Annual snowfall
45.1 in

Air quality

Air quality rating
Moderate
Median AQI (annual)
52
Days with Good air quality
166
Days with Unhealthy air quality
2

Walkability & transit

Walkability index
11.3 / 20
Transit service frequency
705

Amenities

Nearest airport
Lawrence J Timmerman Airport (MWC) (4 mi)
Nearest major airport
General Mitchell International Airport (MKE) (16 mi)
Hospitals nearby (~15 mi)
14
Avg hospital rating
4.1 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Migration

Net migration
-4,168 tax filers

Housing stock

Median year housing built
1,969
Median annual property tax
$3,968
Mean commute to work
20 min
Households with broadband internet
77.2%

Employment & development

Total county employment
415,844
Average weekly wage
$1,276
Top industries (by employment)
Health Care, Accommodation & Food, Administrative Services
Annual residential building permits (county)
187

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents