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  5. /Washington Heights, Milwaukee, WI - 53208

Washington Heights, Milwaukee, WI—53208

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$240,000
3.1% YoY Growth
Household Income
$50,600
55.9% YoY Growth
Days on Market
31
6.0% Shorter YoY
Home Price Forecast
2.2%
Median Rent
$995
9.0% YoY Growth
1-Bed Rent
$849
4.1% YoY Growth
2-Bed Rent
$960
1.8% YoY Growth
3-Bed Rent
$1,300
0.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Washington Heights, Milwaukee, WI

As of May '26, the median home price in Washington Heights, Milwaukee, WI is $240,000, with a year-over-year change of 3.1%. This indicates that home prices in Washington Heights, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$240,0003.1%
Single Family $242,0003.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$225,0007.1%
    3 Bed
    		$247,0002.9%
    4 Bed
    		$253,0003.3%
    5 Bed $240,6644.5%
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    % of Housing Stock

    Studio
    5.0%
    1 Bedroom
    20.6%
    2 Bedrooms
    28.5%
    3 Bedrooms
    30.2%
    4 Bedrooms
    12.0%
    5+ Bedrooms
    3.7%

    Rental Trends — Washington Heights, Milwaukee, WI

    As of July '25, Rentcast reports the average rent in Washington Heights, Milwaukee, WI is $1,210, with a year-over-year rent change of 9.0%. Per bedroom, the median rent as of July '25 in Washington Heights, Milwaukee, WI is studios: $765, 1-bedrooms: $796, 2-bedrooms: $1,110, 3-bedrooms: $1,360, 4-bedrooms: $2,120. The most common rental property sizes in Washington Heights, Milwaukee, WI are 2-bedroom and 1-bedroom, accounting for 32.6% and 32.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$995$1,210
    Studio Rent $695$765
    1 Bed Rent $849$796
    2 Bed Rent $960$1,110
    3 Bed Rent $1,300$1,360
    4 Bed Rent $1,900$2,120
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    % of Rental Stock

    Studio
    5.5%
    1 Bedroom
    32.1%
    2 Bedrooms
    32.6%
    3 Bedrooms
    23.1%
    4 Bedrooms
    5.5%
    5+ Bedrooms
    1.1%

    Property Listings — Washington Heights, Milwaukee, WI

    As of May '26, Realtor.com reports that the median days on market for a home in Washington Heights, Milwaukee, WI is 31. This is a decrease of -6.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$250,000-7.0%
    Listing Count
    		4424.0%
    Listings as % of Homes0.2%24.0%
    Days on Market
    		31-6.0%
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    Demographics — Washington Heights, Milwaukee, WI

    As of the latest ACS Survey released in 2023, Washington Heights, Milwaukee, WI has a population of 27,400, which has decreased by -7.6% over the past 5 years. Washington Heights, Milwaukee, WI is a popular place for families, as children make up 26.3% of the population. The area has a moderately educated workforce, with 31.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		27,400-7.6%
    % Under 18
    		26.3%-8.4%
    % Seniors
    		10.7%27.4%
    % WFH
    		12.0%215.8%
    % w/ College Degree
    		31.2%17.3%
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    As of the latest ACS Survey released in 2023, Washington Heights, Milwaukee, WI is a predominantly black area, with 41.7% of the population identifying as black. The black population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Washington Heights, Milwaukee, WI is white, making up 35.7% of the population. Foreign-born residents account for 9.0% of the population in Washington Heights, Milwaukee, WI, and this percentage has decreased by 3.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		35.7%12.6%
    % Black
    		41.7%-5.7%
    % Hispanic
    		9.7%16.9%
    % Asian
    		9.1%-14.2%
    % Foreign Born
    		9.0%-3.2%
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    Mortgage and Risk — Washington Heights, Milwaukee, WI

    According to HUD data as of 2023, there were 296 mortgage originations in Washington Heights, Milwaukee, WI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Washington Heights, Milwaukee, WI. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		296
    % Conventional Loans
    		88.0%
    % Government Loans
    		12.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Washington Heights, Milwaukee, WI

    As of 2024, the percent of homes in Washington Heights, Milwaukee, WI under the Section 8 program is 9.2%. 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 Washington Heights, Milwaukee, WI, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		905
    Total Units Section 8
    		645
    % Rentals under Section 8
    		9.2%
    % Occupied Section 8
    		82.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$101$849$950
    2 Bedroom$170$960$1,130
    3 Bedroom$100$1,300$1,400
    4 Bedroom-$370$1,900$1,530

    Affordability — Washington Heights, Milwaukee, WI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$240,000
    Median Household Income$50,600

    Washington Heights, Milwaukee, WI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Midtown, Milwaukee, WI

    53210

    West Milwaukee

    53295

    Hillside, Milwaukee, WI

    53205

    Marquette, Milwaukee, WI

    53233

    Wauwatosa, WI

    53213

    Frequently Asked Questions