Washington Heights, Milwaukee, WI—53208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Washington Heights, Milwaukee, WI
As of Oct '25, the median home price in Washington Heights, Milwaukee, WI is $224,000, with a year-over-year change of 4.7%. This indicates that home prices in Washington Heights, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $224,000 | 4.7% |
| Single Family | $225,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | 6.7% |
3 Bed | $230,000 | 4.5% |
4 Bed | $237,000 | 5.8% |
| 5 Bed | $224,000 | 7.7% |
% of Housing Stock
Rental Trends — Washington Heights, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Washington Heights, Milwaukee, WI is $1,210, with a year-over-year rent change of 9.0%. Per bedroom, the median rent as of July '25 in Washington Heights, Milwaukee, WI is studios: $765, 1-bedrooms: $796, 2-bedrooms: $1,110, 3-bedrooms: $1,360, 4-bedrooms: $2,120. The most common rental property sizes in Washington Heights, Milwaukee, WI are 2-bedroom and 1-bedroom, accounting for 32.6% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,210 |
| Studio Rent | $695 | $765 |
| 1 Bed Rent | $849 | $796 |
| 2 Bed Rent | $960 | $1,110 |
| 3 Bed Rent | $1,300 | $1,360 |
| 4 Bed Rent | $1,900 | $2,120 |
% of Rental Stock
Property Listings — Washington Heights, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Washington Heights, Milwaukee, WI is 30. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | 7.0% |
Listing Count | 41 | 13.0% |
| Listings as % of Homes | 0.2% | 13.0% |
Days on Market | 30 | -14.0% |
Demographics — Washington Heights, Milwaukee, WI
As of the latest ACS Survey released in 2023, Washington Heights, Milwaukee, WI has a population of 27,400, which has decreased by -7.6% over the past 5 years. Washington Heights, Milwaukee, WI is a popular place for families, as children make up 26.3% of the population. The area has a moderately educated workforce, with 31.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | -7.6% |
% Under 18 | 26.3% | -8.4% |
% Seniors | 10.7% | 27.4% |
% WFH | 12.0% | 215.8% |
% w/ College Degree | 31.2% | 17.3% |
As of the latest ACS Survey released in 2023, Washington Heights, Milwaukee, WI is a predominantly black area, with 41.7% of the population identifying as black. The black population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Washington Heights, Milwaukee, WI is white, making up 35.7% of the population. Foreign-born residents account for 9.0% of the population in Washington Heights, Milwaukee, WI, and this percentage has decreased by 3.2% 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 | 35.7% | 12.6% |
% Black | 41.7% | -5.7% |
% Hispanic | 9.7% | 16.9% |
% Asian | 9.1% | -14.2% |
% Foreign Born | 9.0% | -3.2% |
Mortgage and Risk — Washington Heights, Milwaukee, WI
According to HUD data as of 2023, there were 296 mortgage originations in Washington Heights, Milwaukee, WI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Washington Heights, Milwaukee, WI. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 296 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Washington Heights, Milwaukee, WI
As of 2024, the percent of homes in Washington Heights, Milwaukee, WI under the Section 8 program is 9.2%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Washington Heights, Milwaukee, WI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 905 |
Total Units Section 8 | 645 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 82.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $101 | $849 | $950 |
| 2 Bedroom | $170 | $960 | $1,130 |
| 3 Bedroom | $100 | $1,300 | $1,400 |
| 4 Bedroom | -$370 | $1,900 | $1,530 |
Affordability — Washington Heights, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $224,000 |
| Median Household Income | $50,600 |