Midtown, Milwaukee, WI—53210
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midtown, Milwaukee, WI
As of Oct '25, the median home price in Midtown, Milwaukee, WI is $161,000, with a year-over-year change of 4.3%. This indicates that home prices in Midtown, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $161,000 | 4.3% |
| Single Family | $163,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | 2.2% |
3 Bed | $170,000 | 3.0% |
4 Bed | $169,000 | 5.6% |
| 5 Bed | $167,000 | 7.1% |
% of Housing Stock
Rental Trends — Midtown, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Midtown, Milwaukee, WI is $1,170, with a year-over-year rent change of 14.7%. Per bedroom, the median rent as of July '25 in Midtown, Milwaukee, WI is studios: $695, 1-bedrooms: $861, 2-bedrooms: $1,100, 3-bedrooms: $1,320, 4-bedrooms: $1,930. The most common rental property sizes in Midtown, Milwaukee, WI are 2-bedroom and 3-bedroom, accounting for 47.7% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,170 |
| Studio Rent | $695 | $695 |
| 1 Bed Rent | $850 | $861 |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | $1,300 | $1,320 |
| 4 Bed Rent | $1,550 | $1,930 |
% of Rental Stock
Property Listings — Midtown, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Midtown, Milwaukee, WI is 34. This is a decrease of -5.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 7.0% |
Listing Count | 45 | -18.0% |
| Listings as % of Homes | 0.3% | -18.0% |
Days on Market | 34 | -5.0% |
Demographics — Midtown, Milwaukee, WI
As of the latest ACS Survey released in 2023, Midtown, Milwaukee, WI has a population of 24,600, which has decreased by -9.5% over the past 5 years. Midtown, Milwaukee, WI is a popular place for families, as children make up 31.3% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,600 | -9.5% |
% Under 18 | 31.3% | -6.8% |
% Seniors | 11.0% | 57.1% |
% WFH | 10.0% | 244.8% |
% w/ College Degree | 22.6% | 9.2% |
As of the latest ACS Survey released in 2023, Midtown, Milwaukee, WI is a predominantly black area, with 71.9% of the population identifying as black. The black population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Midtown, Milwaukee, WI is white, making up 17.0% of the population. Foreign-born residents account for 3.0% of the population in Midtown, Milwaukee, WI, and this percentage has increased by 30.4% 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 | 17.0% | -5.6% |
% Black | 71.9% | 0.4% |
% Hispanic | 5.7% | 11.8% |
% Asian | 2.0% | -13.0% |
% Foreign Born | 3.0% | 30.4% |
Mortgage and Risk — Midtown, Milwaukee, WI
According to HUD data as of 2023, there were 301 mortgage originations in Midtown, Milwaukee, WI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Midtown, Milwaukee, WI. Investor activity is low, as 9.0% 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 | 301 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Midtown, Milwaukee, WI
As of 2024, the percent of homes in Midtown, Milwaukee, WI under the Section 8 program is 12.4%. 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 Midtown, Milwaukee, WI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 815 |
Total Units Section 8 | 728 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 83.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $850 | $960 |
| 2 Bedroom | $40 | $1,100 | $1,140 |
| 3 Bedroom | $110 | $1,300 | $1,410 |
| 4 Bedroom | -$10 | $1,550 | $1,540 |
Affordability — Midtown, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $161,000 |
| Median Household Income | $45,300 |