Milwaukee, WI Real Estate
According to census data in the year 2000 there were 249,215 housing units in Milwaukee.
This represents a 2% decline from 254,204 in 1990.
Of those housing units, 249,215 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Milwaukee is about 45.3%.
Milwaukee's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Milwaukee were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.90% |
| One Bedroom | 16.90% |
| Two Bedrooms | 35.40% |
| Three Bedrooms | 32.20% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $80,400 |
| Median Price asked for vacant units | $57,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $435 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.40% |
| Home Equity Loan | 10.20% |
| Simple Mortgage | 49.50% |
| Debt Free | 31.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
