Tippecanoe, Milwaukee, WI—53221
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tippecanoe, Milwaukee, WI
As of Oct '25, the median home price in Tippecanoe, Milwaukee, WI is $280,000, with a year-over-year change of 3.6%. This indicates that home prices in Tippecanoe, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $280,000 | 3.6% |
| Single Family | $292,000 | 3.5% |
| Condos | $207,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $228,000 | 3.6% |
3 Bed | $287,000 | 3.6% |
4 Bed | $326,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tippecanoe, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Tippecanoe, Milwaukee, WI is $1,300, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Tippecanoe, Milwaukee, WI is 1-bedrooms: $1,030, 2-bedrooms: $1,220, 3-bedrooms: $1,690, 4-bedrooms: $2,300. The most common rental property sizes in Tippecanoe, Milwaukee, WI are 2-bedroom and 1-bedroom, accounting for 43.9% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $1,030 |
| 2 Bed Rent | $1,070 | $1,220 |
| 3 Bed Rent | $1,500 | $1,690 |
| 4 Bed Rent | $2,300 | $2,300 |
% of Rental Stock
Property Listings — Tippecanoe, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Tippecanoe, Milwaukee, WI is 24. This is a decrease of -17.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | 1.0% |
Listing Count | 63 | -20.0% |
| Listings as % of Homes | 0.1% | -20.0% |
Days on Market | 24 | -17.0% |
Demographics — Tippecanoe, Milwaukee, WI
As of the latest ACS Survey released in 2023, Tippecanoe, Milwaukee, WI has a population of 38,400, which has decreased by -4.4% over the past 5 years. Tippecanoe, Milwaukee, WI is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,400 | -4.4% |
% Under 18 | 22.4% | -7.4% |
% Seniors | 16.4% | 1.9% |
% WFH | 9.3% | 190.6% |
% w/ College Degree | 24.6% | 14.4% |
As of the latest ACS Survey released in 2023, Tippecanoe, Milwaukee, WI is a predominantly white area, with 54.4% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in Tippecanoe, Milwaukee, WI is hispanic, making up 24.9% of the population. Foreign-born residents account for 17.8% of the population in Tippecanoe, Milwaukee, WI, and this percentage has increased by 17.9% 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 | 54.4% | -12.7% |
% Black | 6.5% | 12.1% |
% Hispanic | 24.9% | 17.5% |
% Asian | 8.0% | 15.9% |
% Foreign Born | 17.8% | 17.9% |
Mortgage and Risk — Tippecanoe, Milwaukee, WI
According to HUD data as of 2023, there were 754 mortgage originations in Tippecanoe, Milwaukee, WI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Tippecanoe, Milwaukee, WI. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 754 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Tippecanoe, Milwaukee, WI
As of 2024, the percent of homes in Tippecanoe, Milwaukee, WI under the Section 8 program is 11.2%. 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 Tippecanoe, Milwaukee, WI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 799 |
Total Units Section 8 | 772 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 91.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $950 | $1,070 |
| 2 Bedroom | $200 | $1,070 | $1,270 |
| 3 Bedroom | $70 | $1,500 | $1,570 |
| 4 Bedroom | -$580 | $2,300 | $1,720 |
Affordability — Tippecanoe, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $280,000 |
| Median Household Income | $61,600 |