Menomonee River Hills, Milwaukee, WI—53224
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Menomonee River Hills, Milwaukee, WI
As of Oct '25, the median home price in Menomonee River Hills, Milwaukee, WI is $230,000, with a year-over-year change of 5.4%. This indicates that home prices in Menomonee River Hills, 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 | $230,000 | 5.4% |
| Single Family | $270,000 | 4.2% |
| Condos | $87,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | 3.2% |
3 Bed | $231,000 | 5.0% |
4 Bed | $323,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Menomonee River Hills, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Menomonee River Hills, Milwaukee, WI is $1,270, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Menomonee River Hills, Milwaukee, WI is 1-bedrooms: $1,170, 2-bedrooms: $1,130, 3-bedrooms: $1,520, 4-bedrooms: $1,450. The most common rental property sizes in Menomonee River Hills, Milwaukee, WI are 2-bedroom and 3-bedroom, accounting for 47.4% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,280 | $1,170 |
| 2 Bed Rent | $1,120 | $1,130 |
| 3 Bed Rent | $1,500 | $1,520 |
| 4 Bed Rent | $1,400 | $1,450 |
% of Rental Stock
Property Listings — Menomonee River Hills, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Menomonee River Hills, Milwaukee, WI is 32. This is a decrease of -3.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | 22.0% |
Listing Count | 48 | 8.0% |
| Listings as % of Homes | 0.3% | 8.0% |
Days on Market | 32 | -3.0% |
Demographics — Menomonee River Hills, Milwaukee, WI
As of the latest ACS Survey released in 2023, Menomonee River Hills, Milwaukee, WI has a population of 21,400, which has decreased by -4.3% over the past 5 years. Menomonee River Hills, Milwaukee, WI is a popular place for families, as children make up 37.3% of the population. The area has a moderately educated workforce, with 27.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,400 | -4.3% |
% Under 18 | 37.3% | 18.0% |
% Seniors | 9.5% | -3.1% |
% WFH | 13.5% | 229.3% |
% w/ College Degree | 27.2% | 17.7% |
As of the latest ACS Survey released in 2023, Menomonee River Hills, Milwaukee, WI is a predominantly black area, with 57.0% of the population identifying as black. The black population has grown by 4.6% in the last 5 years. The second most common race or ethnicity in Menomonee River Hills, Milwaukee, WI is white, making up 18.3% of the population. Foreign-born residents account for 7.4% of the population in Menomonee River Hills, Milwaukee, WI, and this percentage has decreased by 6.3% 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 | 18.3% | -30.7% |
% Black | 57.0% | 4.6% |
% Hispanic | 7.1% | -28.3% |
% Asian | 12.7% | 101.6% |
% Foreign Born | 7.4% | -6.3% |
Mortgage and Risk — Menomonee River Hills, Milwaukee, WI
According to HUD data as of 2023, there were 287 mortgage originations in Menomonee River Hills, Milwaukee, WI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Menomonee River Hills, Milwaukee, WI. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 287 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Menomonee River Hills, Milwaukee, WI
As of 2024, the percent of homes in Menomonee River Hills, Milwaukee, WI under the Section 8 program is 10.9%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Menomonee River Hills, Milwaukee, WI, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 441 |
Total Units Section 8 | 399 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 85.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,280 | $1,130 |
| 2 Bedroom | $230 | $1,120 | $1,350 |
| 3 Bedroom | $170 | $1,500 | $1,670 |
| 4 Bedroom | $430 | $1,400 | $1,830 |
Affordability — Menomonee River Hills, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $230,000 |
| Median Household Income | $69,700 |