Garden Homes, Milwaukee, WI—53216
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garden Homes, Milwaukee, WI
As of Oct '25, the median home price in Garden Homes, Milwaukee, WI is $169,000, with a year-over-year change of 6.7%. This indicates that home prices in Garden Homes, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | 6.7% |
| Single Family | $169,000 | 7.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $139,000 | 6.9% |
3 Bed | $176,000 | 7.3% |
4 Bed | $191,000 | 6.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Garden Homes, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Garden Homes, Milwaukee, WI is $1,140, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Garden Homes, Milwaukee, WI is studios: $699, 1-bedrooms: $871, 2-bedrooms: $1,060, 3-bedrooms: $1,360, 4-bedrooms: $1,860. The most common rental property sizes in Garden Homes, Milwaukee, WI are 2-bedroom and 3-bedroom, accounting for 46.0% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,140 |
| Studio Rent | $699 | $699 |
| 1 Bed Rent | $895 | $871 |
| 2 Bed Rent | $1,000 | $1,060 |
| 3 Bed Rent | $1,300 | $1,360 |
| 4 Bed Rent | $2,000 | $1,860 |
% of Rental Stock
Property Listings — Garden Homes, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Garden Homes, Milwaukee, WI is 27. This is a decrease of -7.0% 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 | $185,000 | 4.0% |
Listing Count | 62 | -4.0% |
| Listings as % of Homes | 0.4% | -4.0% |
Days on Market | 27 | -7.0% |
Demographics — Garden Homes, Milwaukee, WI
As of the latest ACS Survey released in 2023, Garden Homes, Milwaukee, WI has a population of 29,800, which has decreased by -13.2% over the past 5 years. Garden Homes, Milwaukee, WI is a popular place for families, as children make up 29.6% of the population. The area has a poorly educated workforce, with 18.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,800 | -13.2% |
% Under 18 | 29.6% | 3.5% |
% Seniors | 13.0% | 21.5% |
% WFH | 8.7% | 102.3% |
% w/ College Degree | 18.0% | 1.7% |
As of the latest ACS Survey released in 2023, Garden Homes, Milwaukee, WI is a predominantly black area, with 81.0% of the population identifying as black. The black population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Garden Homes, Milwaukee, WI is white, making up 8.9% of the population. Foreign-born residents account for 3.4% of the population in Garden Homes, Milwaukee, WI, and this percentage has increased by 17.2% 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 | 8.9% | -13.6% |
% Black | 81.0% | -0.9% |
% Hispanic | 5.2% | 15.6% |
% Asian | 3.0% | 100.0% |
% Foreign Born | 3.4% | 17.2% |
Mortgage and Risk — Garden Homes, Milwaukee, WI
According to HUD data as of 2023, there were 504 mortgage originations in Garden Homes, Milwaukee, WI, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Garden Homes, Milwaukee, WI. Investor activity is low, as 6.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 504 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Garden Homes, Milwaukee, WI
As of 2024, the percent of homes in Garden Homes, Milwaukee, WI under the Section 8 program is 14.6%. 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 Garden Homes, Milwaukee, WI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,299 |
Total Units Section 8 | 943 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $25 | $895 | $920 |
| 2 Bedroom | $100 | $1,000 | $1,100 |
| 3 Bedroom | $60 | $1,300 | $1,360 |
| 4 Bedroom | -$510 | $2,000 | $1,490 |
Affordability — Garden Homes, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $169,000 |
| Median Household Income | $43,500 |