East Town, Milwaukee, WI—53202
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Town, Milwaukee, WI
As of Oct '25, the median home price in East Town, Milwaukee, WI is $370,000, with a year-over-year change of 1.6%. This indicates that home prices in East Town, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $370,000 | 1.6% |
| Single Family | $382,000 | -2.3% |
| Condos | $367,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $262,000 | 1.9% |
2 Bed | $412,000 | 1.5% |
3 Bed | $557,000 | 1.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East Town, Milwaukee, WI
As of July '25, Rentcast reports the average rent in East Town, Milwaukee, WI is $1,690, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in East Town, Milwaukee, WI is studios: $1,050, 1-bedrooms: $1,370, 2-bedrooms: $2,070, 3-bedrooms: $2,310, 4-bedrooms: $2,890. The most common rental property sizes in East Town, Milwaukee, WI are 1-bedroom and 2-bedroom, accounting for 46.2% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,690 |
| Studio Rent | $850 | $1,050 |
| 1 Bed Rent | $1,250 | $1,370 |
| 2 Bed Rent | $1,800 | $2,070 |
| 3 Bed Rent | $1,900 | $2,310 |
| 4 Bed Rent | $2,800 | $2,890 |
% of Rental Stock
Property Listings — East Town, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in East Town, Milwaukee, WI is 51. This is a increase of 46.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $346,000 | -16.0% |
Listing Count | 124 | 58.0% |
| Listings as % of Homes | 0.3% | 58.0% |
Days on Market | 51 | 46.0% |
Demographics — East Town, Milwaukee, WI
As of the latest ACS Survey released in 2023, East Town, Milwaukee, WI has a population of 26,300, which has increased by 5.7% over the past 5 years. East Town, Milwaukee, WI is a less popular place for families, as children make up 2.9% of the population. The area has a highly educated workforce, with 65.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,300 | 5.7% |
% Under 18 | 2.9% | 26.1% |
% Seniors | 13.6% | 1.5% |
% WFH | 23.3% | 513.2% |
% w/ College Degree | 65.9% | -4.6% |
As of the latest ACS Survey released in 2023, East Town, Milwaukee, WI is a predominantly white area, with 74.7% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in East Town, Milwaukee, WI is black, making up 8.2% of the population. Foreign-born residents account for 10.0% of the population in East Town, Milwaukee, WI, and this percentage has increased by 3.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.7% | -5.2% |
% Black | 8.2% | 9.3% |
% Hispanic | 6.1% | 10.9% |
% Asian | 5.2% | -13.3% |
% Foreign Born | 10.0% | 3.1% |
Mortgage and Risk — East Town, Milwaukee, WI
According to HUD data as of 2023, there were 290 mortgage originations in East Town, Milwaukee, WI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in East Town, Milwaukee, WI. Investor activity is low, as 5.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 290 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 5.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — East Town, Milwaukee, WI
As of 2024, the percent of homes in East Town, Milwaukee, WI under the Section 8 program is 5.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in East Town, Milwaukee, WI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,166 |
Total Units Section 8 | 758 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 91.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,250 | $1,590 |
| 2 Bedroom | $90 | $1,800 | $1,890 |
| 3 Bedroom | $440 | $1,900 | $2,340 |
| 4 Bedroom | -$240 | $2,800 | $2,560 |
Affordability — East Town, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $370,000 |
| Median Household Income | $68,500 |