South Milwaukee, WI—53172
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Milwaukee, WI
As of Oct '25, the median home price in South Milwaukee, WI is $290,000, with a year-over-year change of 1.3%. This indicates that home prices in South Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 1.3% |
| Single Family | $293,000 | 1.0% |
| Condos | $229,000 | 8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $238,000 | 4.4% |
3 Bed | $298,000 | 3.1% |
4 Bed | $317,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Milwaukee, WI
As of July '25, Rentcast reports the average rent in South Milwaukee, WI is $1,060, with a year-over-year rent change of -13.1%. Per bedroom, the median rent as of July '25 in South Milwaukee, WI is studios: $867, 1-bedrooms: $960, 2-bedrooms: $1,160, 4-bedrooms: $1,400. The most common rental property sizes in South Milwaukee, WI are 2-bedroom and 1-bedroom, accounting for 44.8% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,060 |
| Studio Rent | $800 | $867 |
| 1 Bed Rent | $899 | $960 |
| 2 Bed Rent | $1,200 | $1,160 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,400 | $1,400 |
% of Rental Stock
Property Listings — South Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in South Milwaukee, WI is 30. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $269,000 | -2.0% |
Listing Count | 20 | 4.0% |
| Listings as % of Homes | 0.1% | 4.0% |
Days on Market | 30 | 4.0% |
Demographics — South Milwaukee, WI
As of the latest ACS Survey released in 2023, South Milwaukee, WI has a population of 20,500, which has decreased by -2.6% over the past 5 years. South Milwaukee, WI is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,500 | -2.6% |
% Under 18 | 21.4% | 1.4% |
% Seniors | 19.6% | 18.8% |
% WFH | 11.4% | 267.7% |
% w/ College Degree | 27.7% | 31.9% |
As of the latest ACS Survey released in 2023, South Milwaukee, WI is a predominantly white area, with 78.4% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in South Milwaukee, WI is hispanic, making up 13.1% of the population. Foreign-born residents account for 5.1% of the population in South Milwaukee, WI, and this percentage has decreased by 26.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.4% | -3.3% |
% Black | 2.4% | -33.3% |
% Hispanic | 13.1% | 15.9% |
% Asian | 0.4% | -50.0% |
% Foreign Born | 5.1% | -26.1% |
Mortgage and Risk — South Milwaukee, WI
According to HUD data as of 2023, there were 398 mortgage originations in South Milwaukee, WI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in South Milwaukee, WI. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 398 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — South Milwaukee, WI
South Milwaukee, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 250 |
Total Units Section 8 | 190 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $111 | $899 | $1,010 |
| 2 Bedroom | $0 | $1,200 | $1,200 |
| 3 Bedroom | N/A | N/A | $1,490 |
| 4 Bedroom | $220 | $1,400 | $1,620 |
Affordability — South Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $290,000 |
| Median Household Income | $70,100 |