The story of this market
The typical home in ZIP 53233 sells for about $289,900, or $165 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $853 a month.
ZIP 53233 — Milwaukee
The 53233 housing market is characterized by high renter density and a younger demographic driven by the university presence. Sales activity is limited, with prices reflecting the urban core's affordability relative to the broader Milwaukee metro area. Market conditions remain stable, supported by institutional demand rather than traditional family home-buying trends.
This ZIP is primarily suited for students, young professionals, and urban renters who prioritize proximity to university campuses and downtown employment hubs over traditional family-oriented suburban amenities.
Median prices moved up 3.2% year over year.
Homes spend a median of 45 days on market with 4.0 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.4% · poverty 58.2% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 53233, 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.
Crime rates in the 53233 ZIP code are significantly higher than the national average, with property and violent crime being primary concerns in this urban core area.
Public schools in this area are part of Milwaukee Public Schools, which generally face significant challenges in academic performance and resource allocation compared to suburban districts.
The area is primarily urban with low wildfire risk, though localized urban flooding can occur during heavy rain events due to aging infrastructure.
The area benefits from proximity to Marquette University and the Near West Side development initiatives, which focus on institutional anchor growth and urban revitalization.
Property taxes are levied by the City of Milwaukee and Milwaukee County, with additional levies for Milwaukee Public Schools and the Milwaukee Area Technical College district.
Residents have excellent access to downtown Milwaukee via I-94 and local transit corridors, making it a highly accessible location for urban commuters.
The area features proximity to urban parks and is within a short distance of the Milwaukee Public Museum and the dining/entertainment districts of Westown.
The rental market is highly active due to the large student population and proximity to downtown, with consistent demand and moderate vacancy pressure.
The economy is heavily influenced by the education and healthcare sectors, anchored by Marquette University and nearby medical facilities.
The area is well-served by Milwaukee County Transit System bus routes and provides immediate access to the I-94 highway corridor.
Ongoing urban infill projects and institutional expansions by Marquette University continue to shape the local development pipeline.
The City of Milwaukee Assessor's Office manages property valuations, typically conducting revaluations to reflect market shifts.
Parcels are subject to Milwaukee Public Schools, Milwaukee Area Technical College, and Milwaukee Metropolitan Sewerage District taxes.
Property insurance premiums are influenced by urban density and the age of housing stock, with standard coverage available.
Data retrieved from US Census Bureau ZCTA profiles.
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™ Caledonia4.313.9 mi
- Slick City Action Park4.46 mi
- Urban Air Trampoline and Adventure Park4.412 mi
- Dave & Buster's Wauwatosa3.95.8 mi
- Round1 Bowling & Arcade - Greendale3.86.8 mi
- American Family Field4.71.7 mi
- Fiserv Forum4.71.3 mi
- Milwaukee Public Market4.71.5 mi
- Wisconsin State Fair Park4.53.9 mi
- Baird Center4.51.1 mi
- Milwaukee County Zoo4.65.2 mi
- Harley-Davidson Museum®4.71.1 mi
- Milwaukee Art Museum4.82.1 mi
- Mitchell Park Domes Horticulture Conservatory4.70.7 mi
- Lakefront Brewery4.62.2 mi
- Harley-Davidson Museum®4.71.1 mi
- Milwaukee Art Museum4.82.1 mi
- Milwaukee Public Museum4.81 mi
- Discovery World4.62.2 mi
- Miller High Life Theatre®4.51.1 mi
- Mitchell Park Domes Horticulture Conservatory4.70.7 mi
- Boerner Botanical Gardens4.78.3 mi
- Seven Bridges4.89 mi
- Friends of Firefly Grove Park4.96.1 mi
- Bradford Beach4.63.7 mi
- South Shore Yacht Club4.63.8 mi
- McKinley Marina Central Docks4.62.7 mi
- Milwaukee Yacht Club4.52.9 mi
- South Milwaukee Yacht Club4.510.1 mi
- CenterPointe Marine Milwaukee4.41.8 mi
- Brown Deer Park Golf Course4.58.3 mi
- Dretzka Park Golf Course4.411 mi
- Wanaki Golf Course4.412.8 mi
- Oakwood Park Golf Course4.411.9 mi
- New Berlin Hills Golf Course4.37.3 mi
- Mayfair4.25.7 mi
- Milwaukee Public Market4.71.5 mi
- Southridge Mall4.16.8 mi
- 3rd St. Market Hall4.51.2 mi
- Bayshore4.26.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major anchor institution and cultural hub for the area.
Regional landmark located nearby in the downtown area.
Urban commercial corridor with diverse dining and entertainment options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.