Marquette, Milwaukee, WI—53233
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marquette, Milwaukee, WI
As of Oct '25, the median home price in Marquette, Milwaukee, WI is $175,000, with a year-over-year change of 10.5%. This indicates that home prices in Marquette, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $175,000 | 10.5% |
| Single Family | $178,000 | 10.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Marquette, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Marquette, Milwaukee, WI is $1,200, with a year-over-year rent change of 16.5%. Per bedroom, the median rent as of July '25 in Marquette, Milwaukee, WI is studios: $757, 1-bedrooms: $1,020, 2-bedrooms: $1,480, 3-bedrooms: $1,410, 4-bedrooms: $1,750. The most common rental property sizes in Marquette, Milwaukee, WI are 1-bedroom and studio, accounting for 41.7% and 20.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $939 | $1,200 |
| Studio Rent | $725 | $757 |
| 1 Bed Rent | $885 | $1,020 |
| 2 Bed Rent | $1,550 | $1,480 |
| 3 Bed Rent | $1,300 | $1,410 |
| 4 Bed Rent | $1,750 | $1,750 |
% of Rental Stock
Property Listings — Marquette, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Marquette, Milwaukee, WI is 45. This is a increase of 51.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $199,000 | 31.0% |
Listing Count | 4 | 100.0% |
| Listings as % of Homes | 0.0% | 100.0% |
Days on Market | 45 | 51.0% |
Demographics — Marquette, Milwaukee, WI
As of the latest ACS Survey released in 2023, Marquette, Milwaukee, WI has a population of 14,400, which has decreased by -3.8% over the past 5 years. Marquette, Milwaukee, WI is a less popular place for families, as children make up 7.7% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,400 | -3.8% |
% Under 18 | 7.7% | -1.3% |
% Seniors | 3.0% | -21.1% |
% WFH | 9.2% | 162.9% |
% w/ College Degree | 16.7% | -22.3% |
As of the latest ACS Survey released in 2023, Marquette, Milwaukee, WI is a predominantly white area, with 44.1% of the population identifying as white. The white population has shrunk by 9.8% in the last 5 years. The second most common race or ethnicity in Marquette, Milwaukee, WI is black, making up 33.0% of the population. Foreign-born residents account for 8.8% of the population in Marquette, Milwaukee, WI, and this percentage has increased by 3.5% 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 | 44.1% | -9.8% |
% Black | 33.0% | 5.1% |
% Hispanic | 11.2% | 13.1% |
% Asian | 6.1% | 1.7% |
% Foreign Born | 8.8% | 3.5% |
Mortgage and Risk — Marquette, Milwaukee, WI
According to HUD data as of 2023, there were 11 mortgage originations in Marquette, Milwaukee, WI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Marquette, Milwaukee, WI. Investor activity is high, as 27.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 11 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 27.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Marquette, Milwaukee, WI
As of 2024, the percent of homes in Marquette, Milwaukee, WI under the Section 8 program is 19.3%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Marquette, Milwaukee, WI, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 832 |
Total Units Section 8 | 825 |
% Rentals under Section 8 | 19.3% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $25 | $885 | $910 |
| 2 Bedroom | -$470 | $1,550 | $1,080 |
| 3 Bedroom | $40 | $1,300 | $1,340 |
| 4 Bedroom | -$290 | $1,750 | $1,460 |
Affordability — Marquette, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $175,000 |
| Median Household Income | $20,300 |