Clarke Square, Milwaukee, WI—53215
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clarke Square, Milwaukee, WI
As of Oct '25, the median home price in Clarke Square, Milwaukee, WI is $213,000, with a year-over-year change of 5.0%. This indicates that home prices in Clarke Square, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $213,000 | 5.0% |
| Single Family | $213,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $200,000 | 4.2% |
3 Bed | $213,000 | 3.9% |
4 Bed | $219,000 | 4.3% |
| 5 Bed | $228,000 | 6.0% |
% of Housing Stock
Rental Trends — Clarke Square, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Clarke Square, Milwaukee, WI is $1,060, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Clarke Square, Milwaukee, WI is studios: $595, 1-bedrooms: $888, 2-bedrooms: $1,110, 3-bedrooms: $1,260, 4-bedrooms: $1,800. The most common rental property sizes in Clarke Square, Milwaukee, WI are 2-bedroom and 3-bedroom, accounting for 44.6% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,060 |
| Studio Rent | $595 | $595 |
| 1 Bed Rent | $875 | $888 |
| 2 Bed Rent | $995 | $1,110 |
| 3 Bed Rent | $1,150 | $1,260 |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Clarke Square, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Clarke Square, Milwaukee, WI is 34. This is a increase of 10.0% 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 | $230,000 | -4.0% |
Listing Count | 33 | -11.0% |
| Listings as % of Homes | 0.1% | -11.0% |
Days on Market | 34 | 10.0% |
Demographics — Clarke Square, Milwaukee, WI
As of the latest ACS Survey released in 2023, Clarke Square, Milwaukee, WI has a population of 58,400, which has decreased by -4.2% over the past 5 years. Clarke Square, Milwaukee, WI is a popular place for families, as children make up 30.1% of the population. The area has a poorly educated workforce, with 11.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,400 | -4.2% |
% Under 18 | 30.1% | -3.8% |
% Seniors | 9.2% | 13.6% |
% WFH | 6.3% | 250.0% |
% w/ College Degree | 11.1% | 8.8% |
As of the latest ACS Survey released in 2023, Clarke Square, Milwaukee, WI is a predominantly hispanic area, with 69.2% of the population identifying as hispanic. The hispanic population has grown by 5.5% in the last 5 years. The second most common race or ethnicity in Clarke Square, Milwaukee, WI is white, making up 18.0% of the population. Foreign-born residents account for 31.0% of the population in Clarke Square, Milwaukee, WI, and this percentage has increased by 14.8% 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 | 18.0% | -21.1% |
% Black | 6.0% | -1.6% |
% Hispanic | 69.2% | 5.5% |
% Asian | 5.5% | 57.1% |
% Foreign Born | 31.0% | 14.8% |
Mortgage and Risk — Clarke Square, Milwaukee, WI
According to HUD data as of 2023, there were 597 mortgage originations in Clarke Square, Milwaukee, WI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Clarke Square, Milwaukee, WI. Investor activity is low, as 5.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 597 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Clarke Square, Milwaukee, WI
As of 2024, the percent of homes in Clarke Square, Milwaukee, WI under the Section 8 program is 8.9%. 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 Clarke Square, Milwaukee, WI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 891 |
Total Units Section 8 | 860 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $25 | $875 | $900 |
| 2 Bedroom | $75 | $995 | $1,070 |
| 3 Bedroom | $180 | $1,150 | $1,330 |
| 4 Bedroom | -$350 | $1,800 | $1,450 |
Affordability — Clarke Square, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $213,000 |
| Median Household Income | $49,200 |