Sherman Park, Milwaukee, WI—53206
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sherman Park, Milwaukee, WI
As of Oct '25, the median home price in Sherman Park, Milwaukee, WI is $84,000, with a year-over-year change of 10.6%. This indicates that home prices in Sherman Park, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $84,000 | 10.6% |
| Single Family | $84,000 | 10.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $75,000 | 13.6% |
3 Bed | $83,000 | 9.2% |
4 Bed | $88,000 | 10.0% |
| 5 Bed | $89,000 | 9.9% |
% of Housing Stock
Rental Trends — Sherman Park, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Sherman Park, Milwaukee, WI is $1,080, with a year-over-year rent change of 20.0%. Per bedroom, the median rent as of July '25 in Sherman Park, Milwaukee, WI is 1-bedrooms: $709, 2-bedrooms: $950, 3-bedrooms: $1,180, 4-bedrooms: $1,540. The most common rental property sizes in Sherman Park, Milwaukee, WI are 3-bedroom and 2-bedroom, accounting for 36.2% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $685 | $709 |
| 2 Bed Rent | $900 | $950 |
| 3 Bed Rent | $1,150 | $1,180 |
| 4 Bed Rent | $1,600 | $1,540 |
% of Rental Stock
Property Listings — Sherman Park, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Sherman Park, Milwaukee, WI is 42. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $97,900 | 12.0% |
Listing Count | 57 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 42 | 4.0% |
Demographics — Sherman Park, Milwaukee, WI
As of the latest ACS Survey released in 2023, Sherman Park, Milwaukee, WI has a population of 20,200, which has decreased by -11.2% over the past 5 years. Sherman Park, Milwaukee, WI is a popular place for families, as children make up 32.6% of the population. The area has a poorly educated workforce, with 7.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,200 | -11.2% |
% Under 18 | 32.6% | 3.8% |
% Seniors | 11.5% | 3.6% |
% WFH | 7.6% | 81.0% |
% w/ College Degree | 7.2% | -1.4% |
As of the latest ACS Survey released in 2023, Sherman Park, Milwaukee, WI is a predominantly black area, with 91.1% of the population identifying as black. The black population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Sherman Park, Milwaukee, WI is white, making up 2.7% of the population. Foreign-born residents account for 0.8% of the population in Sherman Park, Milwaukee, WI, and this percentage has decreased by 55.6% 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 | 2.7% | 107.7% |
% Black | 91.1% | -3.6% |
% Hispanic | 2.7% | 68.8% |
% Asian | 0.1% | -88.9% |
% Foreign Born | 0.8% | -55.6% |
Mortgage and Risk — Sherman Park, Milwaukee, WI
According to HUD data as of 2023, there were 144 mortgage originations in Sherman Park, Milwaukee, WI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Sherman Park, Milwaukee, WI. Investor activity is high, as 20.0% 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 | 144 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 20.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Sherman Park, Milwaukee, WI
As of 2024, the percent of homes in Sherman Park, Milwaukee, WI under the Section 8 program is 12.6%. 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 Sherman Park, Milwaukee, WI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 785 |
Total Units Section 8 | 718 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 82.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $215 | $685 | $900 |
| 2 Bedroom | $170 | $900 | $1,070 |
| 3 Bedroom | $180 | $1,150 | $1,330 |
| 4 Bedroom | -$150 | $1,600 | $1,450 |
Affordability — Sherman Park, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $84,000 |
| Median Household Income | $29,000 |