Milwaukee
Wisconsin · Ranked #23 of 102 metros
62Moderate
Median Home Price
🏠$270K
Need $78K income
Median Rent
🔑$1K
Need $44K income
Housing Shortage
📉18,000
units needed
Building Permits
🔨5,500
annual
Median Income
💰$58K
Pop: 1,574,731
Rent Burden
⚠️31.5%
of renters paying >30%
Price Change (YoY)
📈+5%
Homeownership
🏡60.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Milwaukee | National |
|---|---|---|
| Price-to-Income Ratio | 4.6x | 6.1x |
| Rent Burden | 31.5% | 31.5% |
| Homeownership Rate | 60.0% | 65.5% |
| YoY Price Change | +5% | +3.5% |
| YoY Rent Change | +3.8% | +2.8% |
| Mortgage Denial Rate | 15.5% | 13.5% |
| Eviction Rate | 6.5% | 3.6% |