Havenwoods, Milwaukee, WI—53218
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Havenwoods, Milwaukee, WI
As of Oct '25, the median home price in Havenwoods, Milwaukee, WI is $160,000, with a year-over-year change of 3.7%. This indicates that home prices in Havenwoods, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $160,000 | 3.7% |
| Single Family | $161,000 | 3.2% |
| Condos | $56,000 | -8.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $123,000 | 2.5% |
3 Bed | $168,000 | 3.7% |
4 Bed | $173,000 | 3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Havenwoods, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Havenwoods, Milwaukee, WI is $1,370, with a year-over-year rent change of 14.2%. Per bedroom, the median rent as of July '25 in Havenwoods, Milwaukee, WI is 1-bedrooms: $775, 2-bedrooms: $1,060, 3-bedrooms: $1,450, 4-bedrooms: $2,060. The most common rental property sizes in Havenwoods, Milwaukee, WI are 3-bedroom and 2-bedroom, accounting for 40.8% and 38.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $775 |
| 2 Bed Rent | $999 | $1,060 |
| 3 Bed Rent | $1,350 | $1,450 |
| 4 Bed Rent | $1,900 | $2,060 |
% of Rental Stock
Property Listings — Havenwoods, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Havenwoods, Milwaukee, WI is 23. This is a decrease of -19.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $169,000 | 22.0% |
Listing Count | 102 | -14.0% |
| Listings as % of Homes | 0.4% | -14.0% |
Days on Market | 23 | -19.0% |
Demographics — Havenwoods, Milwaukee, WI
As of the latest ACS Survey released in 2023, Havenwoods, Milwaukee, WI has a population of 40,600, which has decreased by -5.1% over the past 5 years. Havenwoods, Milwaukee, WI is a popular place for families, as children make up 31.9% of the population. The area has a poorly educated workforce, with 10.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,600 | -5.1% |
% Under 18 | 31.9% | -6.2% |
% Seniors | 9.5% | 6.7% |
% WFH | 8.8% | 151.4% |
% w/ College Degree | 10.1% | -22.9% |
As of the latest ACS Survey released in 2023, Havenwoods, Milwaukee, WI is a predominantly black area, with 73.0% of the population identifying as black. The black population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Havenwoods, Milwaukee, WI is asian, making up 10.0% of the population. Foreign-born residents account for 6.3% of the population in Havenwoods, Milwaukee, WI, and this percentage has decreased by 12.5% 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 | 9.6% | -14.3% |
% Black | 73.0% | 1.8% |
% Hispanic | 4.7% | -14.5% |
% Asian | 10.0% | 3.1% |
% Foreign Born | 6.3% | -12.5% |
Mortgage and Risk — Havenwoods, Milwaukee, WI
According to HUD data as of 2023, there were 438 mortgage originations in Havenwoods, Milwaukee, WI, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Havenwoods, Milwaukee, WI. Investor activity is low, as 8.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 438 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Havenwoods, Milwaukee, WI
As of 2024, the percent of homes in Havenwoods, Milwaukee, WI under the Section 8 program is 15.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Havenwoods, Milwaukee, WI, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,413 |
Total Units Section 8 | 1,349 |
% Rentals under Section 8 | 15.3% |
% Occupied Section 8 | 82.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $750 | $920 |
| 2 Bedroom | $91 | $999 | $1,090 |
| 3 Bedroom | $0 | $1,350 | $1,350 |
| 4 Bedroom | -$420 | $1,900 | $1,480 |
Affordability — Havenwoods, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $160,000 |
| Median Household Income | $42,200 |