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.


Housing Size

Housing Units by Size
Studio Type3.90%
One Bedroom16.90%
Two Bedrooms35.40%
Three Bedrooms32.20%
Four Bedrooms9%
Five Bedrooms or more2.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1950
Median Value of occupied units$80,400
Median Price asked for vacant units$57,600

Rented Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1954
Median Monthly Rent asked for vacant units$435

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage8.40%
Home Equity Loan10.20%
Simple Mortgage49.50%
Debt Free31.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.4%