Rental numbers for Milwaukee County, WI
The typical home here runs -$1,037 a month at 7.78% with 25% down. 1 of 33 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.1%.
- Gross yield
- 6.3%
- typical home, Zillow
- Median ZIP yield
- 6.1%
- 33 ZIPs with full data
- Cash flow
- -$1,037/mo
- at 7.78%, 25% down
- Typical price
- $291,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,521/mo
- Zillow ZORI, Aug 2026
ZIP codes in Milwaukee County
35 with published figures
| 53206Milwaukee | $91,000 | $1,011 | 13.3% | 7.8% | +$101 | +4.1% |
| 53205Milwaukee | $160,000 | $1,521 | 11.4% | 6.2% | -$41 | n/a |
| 53204Milwaukee | $164,000 | $1,477 | 10.8% | 6.1% | -$50 | +6.4% |
| 53209Milwaukee | $167,000 | $1,434 | 10.3% | 5.6% | -$124 | +4.3% |
| 53218Milwaukee | $169,000 | $1,387 | 9.9% | 5.1% | -$190 | +7.0% |
| 53223Milwaukee | $233,000 | $1,698 | 8.7% | 4.2% | -$439 | n/a |
| 53210Milwaukee | $169,000 | $1,215 | 8.6% | 3.9% | -$361 | +8.0% |
| 53216Milwaukee | $177,000 | $1,250 | 8.5% | 3.9% | -$373 | +4.6% |
| 53224Milwaukee | $247,000 | $1,449 | 7.0% | 2.8% | -$752 | +4.3% |
| 53212Milwaukee | $215,000 | $1,244 | 6.9% | 2.5% | -$714 | +8.1% |
| 53233Milwaukee | $192,000 | $1,083 | 6.8% | 2.4% | -$650 | +4.9% |
| 53208Milwaukee | $240,000 | $1,337 | 6.7% | 2.4% | -$810 | +6.9% |
| 53214West Allis | $263,000 | $1,435 | 6.5% | 2.3% | -$907 | +6.6% |
| 53207Milwaukee | $310,000 | $1,683 | 6.5% | 2.3% | -$1,067 | +6.6% |
| 53222Milwaukee | $268,000 | $1,458 | 6.5% | 2.4% | -$919 | +3.1% |
| 53202Milwaukee | $363,000 | $1,907 | 6.3% | 2.1% | -$1,324 | +3.9% |
| 53110Cudahy | $291,000 | $1,485 | 6.1% | 1.9% | -$1,100 | n/a |
| 53225Milwaukee | $240,000 | $1,214 | 6.1% | 1.9% | -$916 | +3.1% |
| 53235Saint Francis | $286,000 | $1,444 | 6.1% | 1.9% | -$1,078 | +4.6% |
| 53215Milwaukee | $225,000 | $1,119 | 6.0% | 1.7% | -$897 | +6.3% |
| 53220Greenfield | $302,000 | $1,460 | 5.8% | 1.8% | -$1,171 | n/a |
| 53219Milwaukee | $274,000 | $1,307 | 5.7% | 1.6% | -$1,114 | +5.4% |
| 53227West Allis | $298,000 | $1,354 | 5.5% | 1.5% | -$1,234 | n/a |
| 53221Milwaukee | $293,000 | $1,266 | 5.2% | 1.3% | -$1,272 | n/a |
| 53154Oak Creek | $415,000 | $1,765 | 5.1% | 1.4% | -$1,737 | +3.7% |
| 53132Franklin | $447,000 | $1,865 | 5.0% | 1.4% | -$1,892 | n/a |
| 53228Greenfield | $363,000 | $1,510* | 5.0% | 1.2% | -$1,584 | n/a |
| 53130Hales Corners | $411,000 | $1,695 | 5.0% | 1.2% | -$1,808 | n/a |
| 53213Wauwatosa | $437,000 | $1,751 | 4.8% | 1.2% | -$1,918 | +5.6% |
| 53203Milwaukee | $381,000 | $1,486 | 4.7% | 0.9% | -$1,772 | +1.4% |
| 53226Wauwatosa | $415,000 | $1,621 | 4.7% | 1.1% | -$1,862 | +4.2% |
| 53172South Milwaukee | $307,000 | $1,148 | 4.5% | 0.7% | -$1,481 | +6.6% |
| 53129Greendale | $390,000 | $1,410* | 4.3% | 0.6% | -$1,910 | n/a |
| 53217Fox Point | $576,000 | $1,890 | 3.9% | 0.3% | -$2,947 | +2.7% |
| 53211Shorewood | $522,000 | $1,445 | 3.3% | -0.4% | -$2,989 | +3.7% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.7%
- Rent, 12 months
- +4.9%
- Rent minus price growth
- +1.2 pts
- Property tax
- 1.93%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $219,909 | $1,174 |
| Aug 2022 | $236,244 | $1,275 |
| Aug 2023 | $254,521 | $1,343 |
| Aug 2024 | $270,521 | $1,403 |
| Aug 2025 | $280,147 | $1,450 |
| Aug 2026 | $290,594 | $1,521 |
HUD Fair Market Rent
FY2027, Milwaukee-Waukesha, WI MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $985 | $1,060 | $1,263 | $1,553 | $1,664 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 2.0
- 776 units, last 12 months
- National percentile
- 26th
- among US counties
Tools
Test a listing in Milwaukee County against today's rate.
Open the calculatorPart of the Milwaukee, WI metro.
Questions
- Is Milwaukee County good for rental property?
- The typical home here runs -$1,037 a month at 7.78% with 25% down. 1 of 33 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.1%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Milwaukee County?
- About 1.93% of value, from Census ACS median taxes paid over median home value. On a $291,000 home that is about $5,597 a year.
- What is Fair Market Rent in Milwaukee County?
- HUD's FY2027 Fair Market Rent here is $1,060 for a 1-bedroom, $1,263 for a 2-bedroom and $1,553 for a 3-bedroom. Typical cash flow at today's rate is -$1,037 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.