Downtown, Milwaukee, WI—53203
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Milwaukee, WI
As of Oct '25, the median home price in Downtown, Milwaukee, WI is $385,000, with a year-over-year change of 2.3%. This indicates that home prices in Downtown, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $385,000 | 2.3% |
| Single Family | N/A | N/A |
| Condos | $385,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $237,000 | 4.4% |
2 Bed | $489,000 | 2.7% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Downtown, Milwaukee, WI is $1,550, with a year-over-year rent change of -25.8%. Per bedroom, the median rent as of July '25 in Downtown, Milwaukee, WI is studios: $1,230, 1-bedrooms: $1,610, 2-bedrooms: $1,780, 3-bedrooms: $2,800. The most common rental property sizes in Downtown, Milwaukee, WI are 2-bedroom and 1-bedroom, accounting for 45.1% and 40.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,330 | $1,550 |
| Studio Rent | $1,200 | $1,230 |
| 1 Bed Rent | $1,540 | $1,610 |
| 2 Bed Rent | $559 | $1,780 |
| 3 Bed Rent | $2,800 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Milwaukee, WI is 79. This is a increase of 90.0% 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 | $600,000 | 11.0% |
Listing Count | 9 | 32.0% |
| Listings as % of Homes | 0.2% | 32.0% |
Days on Market | 79 | 90.0% |
Demographics — Downtown, Milwaukee, WI
As of the latest ACS Survey released in 2023, Downtown, Milwaukee, WI has a population of 2,080, which has increased by 34.0% over the past 5 years. Downtown, Milwaukee, WI is a less popular place for families, as children make up 3.8% of the population. The area has a highly educated workforce, with 73.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,080 | 34.0% |
% Under 18 | 3.8% | -35.6% |
% Seniors | 5.8% | 107.1% |
% WFH | 21.7% | 261.7% |
% w/ College Degree | 73.6% | 11.3% |
As of the latest ACS Survey released in 2023, Downtown, Milwaukee, WI is a predominantly white area, with 66.8% of the population identifying as white. The white population has shrunk by 14.5% in the last 5 years. The second most common race or ethnicity in Downtown, Milwaukee, WI is black, making up 20.1% of the population. Foreign-born residents account for 7.7% of the population in Downtown, Milwaukee, WI, and this percentage has increased by 10.0% 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 | 66.8% | -14.5% |
% Black | 20.1% | 87.9% |
% Hispanic | 8.4% | 121.1% |
% Asian | 3.8% | -9.5% |
% Foreign Born | 7.7% | 10.0% |
Mortgage and Risk — Downtown, Milwaukee, WI
According to HUD data as of 2023, there were 10 mortgage originations in Downtown, Milwaukee, WI, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Downtown, Milwaukee, WI. Investor activity is low, as 10.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 10 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 10.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Downtown, Milwaukee, WI
Downtown, Milwaukee, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,540 | $1,590 |
| 2 Bedroom | $1,331 | $559 | $1,890 |
| 3 Bedroom | -$460 | $2,800 | $2,340 |
| 4 Bedroom | N/A | N/A | $2,560 |
Affordability — Downtown, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $385,000 |
| Median Household Income | $84,000 |