Bay View, Milwaukee, WI—53207
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bay View, Milwaukee, WI
As of Oct '25, the median home price in Bay View, Milwaukee, WI is $295,000, with a year-over-year change of 4.0%. This indicates that home prices in Bay View, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 4.0% |
| Single Family | $296,000 | 3.9% |
| Condos | $271,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $227,000 | 3.2% |
2 Bed | $257,000 | 5.3% |
3 Bed | $303,000 | 3.8% |
4 Bed | $341,000 | 4.0% |
| 5 Bed | $383,000 | 4.4% |
% of Housing Stock
Rental Trends — Bay View, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Bay View, Milwaukee, WI is $1,610, with a year-over-year rent change of 8.1%. Per bedroom, the median rent as of July '25 in Bay View, Milwaukee, WI is studios: $1,370, 1-bedrooms: $1,220, 2-bedrooms: $1,460, 3-bedrooms: $1,990, 4-bedrooms: $2,160. The most common rental property sizes in Bay View, Milwaukee, WI are 2-bedroom and 1-bedroom, accounting for 41.6% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,490 | $1,610 |
| Studio Rent | $1,370 | $1,370 |
| 1 Bed Rent | $1,100 | $1,220 |
| 2 Bed Rent | $1,490 | $1,460 |
| 3 Bed Rent | $1,900 | $1,990 |
| 4 Bed Rent | $2,100 | $2,160 |
% of Rental Stock
Property Listings — Bay View, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Bay View, Milwaukee, WI is 30. This is a increase of 18.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $320,000 | 7.0% |
Listing Count | 86 | 34.0% |
| Listings as % of Homes | 0.2% | 34.0% |
Days on Market | 30 | 18.0% |
Demographics — Bay View, Milwaukee, WI
As of the latest ACS Survey released in 2023, Bay View, Milwaukee, WI has a population of 34,500, which has decreased by -7.3% over the past 5 years. Bay View, Milwaukee, WI is a moderately popular place for families, as children make up 17.8% of the population. The area has a highly educated workforce, with 45.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,500 | -7.3% |
% Under 18 | 17.8% | -9.2% |
% Seniors | 15.9% | 28.2% |
% WFH | 15.5% | 318.9% |
% w/ College Degree | 45.1% | 21.9% |
As of the latest ACS Survey released in 2023, Bay View, Milwaukee, WI is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Bay View, Milwaukee, WI is hispanic, making up 16.4% of the population. Foreign-born residents account for 5.4% of the population in Bay View, Milwaukee, WI, and this percentage has decreased by 11.5% 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 | 73.9% | -4.0% |
% Black | 4.6% | 119.0% |
% Hispanic | 16.4% | 2.5% |
% Asian | 1.4% | -22.2% |
% Foreign Born | 5.4% | -11.5% |
Mortgage and Risk — Bay View, Milwaukee, WI
According to HUD data as of 2023, there were 763 mortgage originations in Bay View, Milwaukee, WI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Bay View, Milwaukee, WI. Investor activity is low, as 4.0% 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 | 763 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Bay View, Milwaukee, WI
As of 2024, the percent of homes in Bay View, Milwaukee, WI under the Section 8 program is 3.2%. 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. In Bay View, Milwaukee, WI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 324 |
Total Units Section 8 | 204 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 90.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,100 | $1,060 |
| 2 Bedroom | -$230 | $1,490 | $1,260 |
| 3 Bedroom | -$340 | $1,900 | $1,560 |
| 4 Bedroom | -$390 | $2,100 | $1,710 |
Affordability — Bay View, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $295,000 |
| Median Household Income | $79,600 |