Rental numbers for the Milwaukee, WI metro
The typical home here runs -$1,561 a month at 7.78% with 25% down. 1 of 44 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.8%.
- Gross yield
- 4.8%
- typical home, Zillow
- Median ZIP yield
- 5.8%
- 44 ZIPs with full data
- Cash flow
- -$1,561/mo
- at 7.78%, 25% down
- Typical price
- $389,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,563/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
79 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% |
| 53122Elm Grove | $697,000 | $3,421 | 5.9% | 2.6% | -$2,257 | n/a |
| 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 |
| 53005Brookfield | $509,000 | $2,268 | 5.3% | 2.3% | -$1,779 | n/a |
| 53221Milwaukee | $293,000 | $1,266 | 5.2% | 1.3% | -$1,272 | n/a |
| 53051Menomonee Falls | $440,000 | $1,895 | 5.2% | 2.1% | -$1,597 | 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 |
| 53151New Berlin | $457,000 | $1,895 | 5.0% | 1.9% | -$1,742 | n/a |
| 53130Hales Corners | $411,000 | $1,695 | 5.0% | 1.2% | -$1,808 | n/a |
| 53024Grafton | $477,000 | $1,961 | 4.9% | 1.8% | -$1,859 | n/a |
| 53045Brookfield | $549,000 | $2,239 | 4.9% | 1.9% | -$2,110 | n/a |
| 53213Wauwatosa | $437,000 | $1,751 | 4.8% | 1.2% | -$1,918 | +5.6% |
| 53007Butler | $303,000 | $1,190* | 4.7% | 1.5% | -$1,252 | n/a |
| 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% |
| 53188Waukesha | $432,000 | $1,657 | 4.6% | 1.5% | -$1,803 | n/a |
| 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 |
| 53090West Bend | $375,000 | $1,350* | 4.3% | 1.2% | -$1,635 | n/a |
| 53186Waukesha | $370,000 | $1,321 | 4.3% | 1.1% | -$1,642 | +5.3% |
| 53033Richfield | $518,000 | $1,800* | 4.2% | 1.5% | -$2,162 | n/a |
| 53022Germantown | $466,000 | $1,580* | 4.1% | 1.0% | -$2,107 | n/a |
| 53092Mequon | $605,000 | $2,010* | 4.0% | 1.1% | -$2,689 | n/a |
| 53217Fox Point | $576,000 | $1,890 | 3.9% | 0.3% | -$2,947 | +2.7% |
| 53037Jackson | $422,000 | $1,380* | 3.9% | 1.0% | -$1,937 | n/a |
| 53074Port Washington | $392,000 | $1,280* | 3.9% | 0.9% | -$1,815 | n/a |
| 53146New Berlin | $450,000 | $1,440* | 3.8% | 0.9% | -$2,106 | n/a |
| 53066Oconomowoc | $585,000 | $1,868 | 3.8% | 1.1% | -$2,636 | +4.4% |
| 53095West Bend | $414,000 | $1,281 | 3.7% | 0.8% | -$1,960 | n/a |
| 53004Belgium | $400,000 | $1,200* | 3.6% | 0.6% | -$1,958 | n/a |
| 53183Wales | $576,000 | $1,710* | 3.6% | 0.8% | -$2,727 | n/a |
| 53046Lannon | $526,000 | $1,540* | 3.5% | 0.6% | -$2,570 | n/a |
| 53040Kewaskum | $404,000 | $1,180* | 3.5% | 0.7% | -$1,938 | n/a |
| 53072Village of Pewaukee | $552,000 | $1,610* | 3.5% | 0.8% | -$2,588 | n/a |
| 53080Saukville | $398,000 | $1,160* | 3.5% | 0.5% | -$1,964 | n/a |
| 53021Fredonia | $424,000 | $1,230* | 3.5% | 0.6% | -$2,067 | n/a |
| 53027Hartford | $420,000 | $1,215 | 3.5% | 0.7% | -$2,005 | n/a |
| 53189Waukesha | $514,000 | $1,460* | 3.4% | 0.7% | -$2,493 | n/a |
| 53150Muskego | $529,000 | $1,500* | 3.4% | 0.7% | -$2,554 | n/a |
| 53089Lisbon | $555,000 | $1,560* | 3.4% | 0.6% | -$2,718 | n/a |
| 53017Richfield | $580,000 | $1,610* | 3.3% | 0.8% | -$2,766 | n/a |
| 53211Shorewood | $522,000 | $1,445 | 3.3% | -0.4% | -$2,989 | +3.7% |
| 53086Slinger | $475,000 | $1,290* | 3.3% | 0.6% | -$2,333 | n/a |
| 53018Delafield | $695,000 | $1,870* | 3.2% | 0.6% | -$3,410 | n/a |
| 53002Addison | $436,000 | $1,140* | 3.1% | 0.7% | -$2,104 | n/a |
| 53149Mukwonago | $524,000 | $1,340* | 3.1% | 0.5% | -$2,614 | n/a |
| 53153Genesee | $517,000 | $1,320* | 3.1% | 0.6% | -$2,547 | n/a |
| 53076Richfield | $601,000 | $1,510* | 3.0% | 0.4% | -$3,016 | n/a |
| 53103Vernon | $514,000 | $1,260* | 2.9% | 0.4% | -$2,618 | n/a |
| 53118Ottawa | $624,000 | $1,520* | 2.9% | 0.3% | -$3,222 | n/a |
| 53097Mequon | $681,000 | $1,610* | 2.8% | 0.2% | -$3,573 | n/a |
| 53012Cedarburg | $546,000 | $1,270* | 2.8% | 0.1% | -$2,904 | n/a |
| 53058Nashotah | $748,000 | $1,720* | 2.8% | 0.4% | -$3,809 | n/a |
| 53119Eagle | $544,000 | $1,170* | 2.6% | 0.1% | -$2,902 | n/a |
| 53069Okauchee | $768,000 | $1,560* | 2.4% | -0.3% | -$4,304 | n/a |
| 53029Hartland | $677,000 | $1,370* | 2.4% | 0.0% | -$3,650 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +5.4%
- Rent, 12 months
- +5.0%
- Rent minus price growth
- -0.3 pts
- Property tax
- 1.28%
- effective rate, ACS 2024
Typical value (Zillow ZHVI) Rent (Zillow ZORI)Indexed to 100 at Aug 2021
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $297,742 | $1,206 |
| Aug 2022 | $317,444 | $1,308 |
| Aug 2023 | $338,731 | $1,378 |
| Aug 2024 | $357,685 | $1,440 |
| Aug 2025 | $369,067 | $1,488 |
| Aug 2026 | $388,845 | $1,563 |
Counties
- Washington County, WI3.6% median yield
- Ozaukee County, WI4.9% median yield
- Waukesha County, WI4.9% median yield
- Milwaukee County, WI6.1% median yield
Tools
Questions
- Is the Milwaukee, WI metro good for rental property?
- The typical home here runs -$1,561 a month at 7.78% with 25% down. 1 of 44 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.8%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Milwaukee, WI metro have the highest rental yield?
- 53206 (Milwaukee) at 13.3%, 53205 (Milwaukee) at 11.4%, 53204 (Milwaukee) at 10.8%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.