Milwaukee housing market: home prices, trends and forecast
Milwaukee home prices: in September 2026 the Zillow Home Value Index put a typical home in Milwaukee, Wisconsin at $223,304, up 3.0% from a year earlier and the highest monthly reading on record.
- Typical value of a home
- $223,304September 2026, Zillow ZHVI
- Change over 12 months
- +3.0%. Movement since September 2025.
Milwaukee home prices since 2000
Milwaukee appears as the steel line, the United States as the grey line. From January 2000 to now, the typical Milwaukee home has climbed from $67,000 to $223,304, ×3.33, while the US reached ×2.99 over those same months. The high of the boom arrived in June 2007 at $118,804; the low came in March 2012 at $73,439, −38.2%.
Milwaukee median home price by year
Each yearly figure averages the twelve monthly values; for 2026 the latest month is shown.
| Year | Milwaukee | Change on the year | United States |
|---|---|---|---|
| 2000 | $68,178 | $125,745 | |
| 2001 | $73,389 | +7.6% | $134,899 |
| 2002 | $78,774 | +7.3% | $144,276 |
| 2003 | $86,064 | +9.3% | $155,308 |
| 2004 | $95,874 | +11.4% | $169,891 |
| 2005 | $107,996 | +12.6% | $189,732 |
| 2006 | $116,302 | +7.7% | $206,531 |
| 2007 | $118,155 | +1.6% | $208,449 |
| 2008 | $112,270 | −5.0% | $195,574 |
| 2009 | $99,466 | −11.4% | $177,542 |
| 2010 | $93,465 | −6.0% | $171,462 |
| 2011 | $79,852 | −14.6% | $162,508 |
| 2012 | $75,439 | −5.5% | $161,137 |
| 2013 | $77,898 | +3.3% | $171,420 |
| 2014 | $83,913 | +7.7% | $182,996 |
| 2015 | $88,823 | +5.9% | $192,738 |
| 2016 | $94,957 | +6.9% | $204,509 |
| 2017 | $102,863 | +8.3% | $216,767 |
| 2018 | $112,082 | +9.0% | $230,541 |
| 2019 | $123,930 | +10.6% | $242,088 |
| 2020 | $135,749 | +9.5% | $257,151 |
| 2021 | $160,439 | +18.2% | $295,959 |
| 2022 | $174,868 | +9.0% | $340,014 |
| 2023 | $187,532 | +7.2% | $348,160 |
| 2024 | $203,271 | +8.4% | $359,751 |
| 2025 | $215,692 | +6.1% | $362,959 |
| September 2026 | $223,304 | +3.0% | $366,157 |
What a home bought in Milwaukee in any year is worth now
An index-based estimate of a typical home, not an appraisal.
Each year's figure averages its twelve monthly index values; the current value comes from September 2026. Other options: home appreciation calculator.
Are you thinking of selling? Compare local agents at Realtor.com. Advertising disclosure: the site may earn a fee from links like this one, but it never changes a number. Disclosure.
Milwaukee housing market forecast
Milwaukee, WI metro: Zillow's forecast points to +3.5% across the 12 months beginning September 2026, and +1.5% for the three months ahead. Milwaukee's typical value of $223,304 would then sit near $231,100 a year on.
This forecast restates Zillow's central estimate for the metro; the site does not publish a forecast of its own. Forecasts of this kind over 12 months have typically been off by several percentage points from the realised change, in both directions. This is not investment advice.
Every metro forecast is in one table: housing market forecast table.
Milwaukee housing market crash risk score
17 out of 100, low
Milwaukee is ranked against 292 cities using five conditions that were high before earlier price falls. Each input is compared with the other cities and placed from 0 to 100; the five results then carry the same weight in the average. Current conditions are what it shows; a crash is not something it predicts.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −31.0% | 11 | 20% |
| Days on the market vs 2019 | −11.9% | 19 | 20% |
| Price-to-rent ratio | 12.9 | 11 | 20% |
| Price-to-income ratio | 3.9 | 24 | 20% |
| 12-month price change | +3.0% | 20 | 20% |
Nothing here is investment advice. How each input gets its score: methodology. The full ranking of 292 cities: crash risk by city.
Milwaukee inventory and days on market
In September 2026 the Milwaukee, WI metro counted 3,593 homes for sale, +9.9% more than a year earlier and −31.0% compared with the same month of 2019. Selling took a median of 37 days (−11.9% against 2019), and a price cut appeared on 17.0% of listings.
| Milwaukee, WI metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 3,593 | +9.9% |
| New listings | 1,528 | |
| Median days on market | 37 | +13.9% |
| Median list price | $399,450 | +0.1% |
| Share with a price cut | 17.0% |
Metro inventory figures: Realtor.com® Economic Research. Realtor.com data Days on market for every metro: days on market by city.
Living costs in Milwaukee
By the Zillow Observed Rent Index, the typical asking rent in Milwaukee comes to $1,443 a month, +4.8% on a year. Buying a typical home takes 12.9 years of that rent. Median household income stands at $56,792 (Census ACS 2024), which puts a typical home at 3.9 times a year's income. According to BEA, prices in the metro stand at 96.9 versus a US average of 100, while housing costs sit at 97.1.
The rent, the prices, and the salary that moving there requires: cost of living in Milwaukee.
Other Wisconsin housing markets
For the whole state: Wisconsin housing market.
Reading the chart
Each point plots the Zillow Home Value Index for Milwaukee, which values a typical home from the middle third of the market, with the series smoothed and seasonally adjusted, in that month's dollars. The hollow dot shows which month the slider sits on, while the terracotta dot shows the latest month. No inflation adjustment applies to these figures, and the index follows a typical home rather than any one house: the card above or the home appreciation calculator gives a value for one home based on what it sold for.