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Milwaukee

Learn about the people, housing, costs and businesses in Milwaukee, Wisconsin

Median Home$178,681
Median Rent$1,080/month
Population567,032
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services14% healthcare
Home Value Growth⬆⬆+19.6% over 2 years
Young Adults36% of residentstop 5% nationally
Renters58% of occupied units
NotableAmenity Score78/100 · highly walkable area
NotableTransit83/100 · excellent transit access
Milwaukee
WI

Frequently Asked Questions

What are today's mortgage rates in Milwaukee?

As of today, the 30-year fixed mortgage rate for Milwaukee is approximately 6.839% (6.893% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Milwaukee?

The median home value in Milwaukee is $179k. The median monthly rent is $1,080. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Milwaukee?

Home values in Milwaukee have increased 19.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Milwaukee?

Based on a typical all-in ownership cost of $1,117/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Milwaukee is $54k/year.

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What industries drive the economy in Milwaukee?

The largest employment sectors in Milwaukee are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.