West Allis, WI—53227
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in West Allis, WI
Home Price Trends — West Allis, WI
As of Oct '25, the median home price in West Allis, WI is $280,000, with a year-over-year change of 2.9%. This indicates that home prices in West Allis, WI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $280,000 | 2.9% |
| Single Family | $282,000 | 2.9% |
| Condos | $199,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $236,000 | 3.1% |
3 Bed | $283,000 | 2.9% |
4 Bed | $308,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Allis, WI
As of July '25, Rentcast reports the average rent in West Allis, WI is $1,290, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in West Allis, WI is studios: $1,120, 1-bedrooms: $993, 2-bedrooms: $1,340, 3-bedrooms: $1,920. The most common rental property sizes in West Allis, WI are 2-bedroom and 1-bedroom, accounting for 42.9% and 38.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,290 |
| Studio Rent | $1,200 | $1,120 |
| 1 Bed Rent | $950 | $993 |
| 2 Bed Rent | $1,200 | $1,340 |
| 3 Bed Rent | $2,000 | $1,920 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Allis, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in West Allis, WI is 27. This is a increase of 12.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | -3.0% |
Listing Count | 39 | 22.0% |
| Listings as % of Homes | 0.1% | 22.0% |
Days on Market | 27 | 12.0% |
Demographics — West Allis, WI
As of the latest ACS Survey released in 2023, West Allis, WI has a population of 23,000, which has decreased by -3.8% over the past 5 years. West Allis, WI is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,000 | -3.8% |
% Under 18 | 19.8% | 4.2% |
% Seniors | 17.4% | 3.6% |
% WFH | 8.6% | 145.7% |
% w/ College Degree | 28.7% | 6.7% |
As of the latest ACS Survey released in 2023, West Allis, WI is a predominantly white area, with 71.8% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in West Allis, WI is hispanic, making up 12.4% of the population. Foreign-born residents account for 5.4% of the population in West Allis, WI, and this percentage has decreased by 11.5% 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 | 71.8% | -7.1% |
% Black | 4.8% | -23.8% |
% Hispanic | 12.4% | 20.4% |
% Asian | 4.0% | 17.6% |
% Foreign Born | 5.4% | -11.5% |
Mortgage and Risk — West Allis, WI
According to HUD data as of 2023, there were 491 mortgage originations in West Allis, WI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in West Allis, WI. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 491 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — West Allis, WI
West Allis, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 580 |
Total Units Section 8 | 532 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $950 | $1,070 |
| 2 Bedroom | $70 | $1,200 | $1,270 |
| 3 Bedroom | -$430 | $2,000 | $1,570 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — West Allis, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $280,000 |
| Median Household Income | $71,600 |