The story of this market
The typical home in ZIP 53216 sells for about $191,000, or $105 per square foot.
Prices are up +19.5% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $990 a month.
ZIP 53216 — Milwaukee
The 53216 housing market is experiencing significant price appreciation, with a 19.5% year-over-year increase in median sale prices. Despite this growth, the area remains one of the most affordable in the Milwaukee market, attracting interest from both local buyers and investors. Inventory remains tight, contributing to a competitive environment for available listings.
This ZIP is well-suited for budget-conscious buyers and investors seeking affordability and potential appreciation in a dense urban environment.
Median prices moved up 19.5% year over year.
Homes spend a median of 44 days on market with 0.0 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.0% · poverty 22.0% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 53216, Milwaukee County WI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Milwaukee Public Schools and local charter options like Central City Cyberschool, with performance metrics varying significantly across the district.
The area benefits from proximity to Milwaukee's central employment hubs, with ongoing redevelopment efforts led by the City of Milwaukee's Redevelopment Authority.
Property taxes are assessed at the municipal and county level in Wisconsin, with rates determined by local school district and city budget requirements.
Residents have direct access to major Milwaukee thoroughfares, providing a standard urban commute to the downtown employment core.
The area features local neighborhood parks and is within a short drive of Milwaukee's broader park system, cultural museums, and shopping districts.
The rental market is characterized by a high share of renter-occupied households, with 2-bedroom units being the most common inventory.
The local economy is tied to the broader Milwaukee metropolitan area, which features a diverse mix of manufacturing, healthcare, and service-sector employers.
The area is served by the Milwaukee County Transit System, providing bus connectivity to the wider metropolitan region.
The City of Milwaukee's Redevelopment Authority actively manages various residential and commercial projects within the area.
Parcels are subject to Milwaukee Public Schools district levies and municipal service taxes.
Data aggregated from Census ZCTA profiles and BestPlaces housing reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Jellystone Park™ Caledonia4.317.5 mi
- Slick City Action Park4.44.6 mi
- Urban Air Trampoline and Adventure Park4.410.6 mi
- Dave & Buster's Wauwatosa3.94 mi
- Round1 Bowling & Arcade - Greendale3.89.4 mi
- American Family Field4.73.9 mi
- Fiserv Forum4.74.1 mi
- Milwaukee Public Market4.74.9 mi
- Wisconsin State Fair Park4.54.7 mi
- Baird Center4.54.3 mi
- Milwaukee County Zoo4.64.8 mi
- Harley-Davidson Museum®4.74.8 mi
- Milwaukee Art Museum4.85.1 mi
- Mitchell Park Domes Horticulture Conservatory4.74.3 mi
- Lakefront Brewery4.64.2 mi
- Harley-Davidson Museum®4.74.8 mi
- Milwaukee Art Museum4.85.1 mi
- Milwaukee Public Museum4.84.2 mi
- Discovery World4.65.3 mi
- Miller High Life Theatre®4.54.2 mi
- Mitchell Park Domes Horticulture Conservatory4.74.3 mi
- Boerner Botanical Gardens4.710.6 mi
- Friends of Firefly Grove Park4.94.4 mi
- Seven Bridges4.812.9 mi
- Bradford Beach4.65.4 mi
- South Shore Yacht Club4.67.7 mi
- McKinley Marina Central Docks4.65.1 mi
- Milwaukee Yacht Club4.55.2 mi
- South Milwaukee Yacht Club4.514 mi
- CenterPointe Marine Milwaukee4.45.5 mi
- Brown Deer Park Golf Course4.55.1 mi
- Wanaki Golf Course4.49.9 mi
- Dretzka Park Golf Course4.47 mi
- New Berlin Hills Golf Course4.37.5 mi
- Whitnall Park Golf Course4.211.4 mi
- Mayfair4.23.7 mi
- Milwaukee Public Market4.74.9 mi
- Southridge Mall4.19.5 mi
- 3rd St. Market Hall4.54.5 mi
- Bayshore4.24.1 mi
- Milwaukee Mitchell International Airport4.510.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local charter school serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.