West Allis, WI—53214
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 Nov '25, the median home price in West Allis, WI is $246,000, with a year-over-year change of 1.7%. This indicates that home prices in West Allis, WI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $246,000 | 1.7% |
| Single Family | $248,000 | 2.1% |
| Condos | $171,000 | 7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $212,000 | 3.4% |
3 Bed | $251,000 | 2.0% |
4 Bed | $265,000 | 2.7% |
| 5 Bed | $282,949 | 2.2% |
% of Housing Stock
Rental Trends — West Allis, WI
As of July '25, Rentcast reports the average rent in West Allis, WI is $1,210, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in West Allis, WI is studios: $809, 1-bedrooms: $990, 2-bedrooms: $1,250, 3-bedrooms: $1,670, 4-bedrooms: $2,700. The most common rental property sizes in West Allis, WI are 2-bedroom and 1-bedroom, accounting for 38.2% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,210 |
| Studio Rent | $795 | $809 |
| 1 Bed Rent | $975 | $990 |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | $1,700 | $1,670 |
| 4 Bed Rent | $2,700 | $2,700 |
% of Rental Stock
Property Listings — West Allis, WI
As of Nov '25, Realtor.com reports that the median days on market for a home in West Allis, WI is 37. This is a increase of 23.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | 7.0% |
Listing Count | 47 | 16.0% |
| Listings as % of Homes | 0.2% | 16.0% |
Days on Market | 37 | 23.0% |
Demographics — West Allis, WI
As of the latest ACS Survey released in 2023, West Allis, WI has a population of 35,000, which has decreased by -1.3% over the past 5 years. West Allis, WI is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,000 | -1.3% |
% Under 18 | 20.7% | -1.4% |
% Seniors | 15.6% | 23.8% |
% WFH | 8.7% | 295.5% |
% w/ College Degree | 28.1% | 21.1% |
As of the latest ACS Survey released in 2023, West Allis, WI is a predominantly white area, with 66.0% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in West Allis, WI is hispanic, making up 18.2% of the population. Foreign-born residents account for 7.0% of the population in West Allis, WI, and this percentage has decreased by 6.7% 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 | 66.0% | -5.0% |
% Black | 7.8% | 13.0% |
% Hispanic | 18.2% | 0.0% |
% Asian | 2.9% | 20.8% |
% Foreign Born | 7.0% | -6.7% |
Mortgage and Risk — West Allis, WI
According to HUD data as of 2023, there were 696 mortgage originations in West Allis, WI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in West Allis, WI. Investor activity is low, as 4.0% 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 | 696 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — West Allis, WI
As of 2024, the percent of homes in West Allis, WI under the Section 8 program is 7.6%. 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 units appear to be good home sizes to consider for Section 8 housing in West Allis, WI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 639 |
Total Units Section 8 | 549 |
% Rentals under Section 8 | 7.6% |
% Occupied Section 8 | 85.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $45 | $975 | $1,020 |
| 2 Bedroom | -$30 | $1,250 | $1,220 |
| 3 Bedroom | -$190 | $1,700 | $1,510 |
| 4 Bedroom | -$1,050 | $2,700 | $1,650 |
Affordability — West Allis, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $246,000 |
| Median Household Income | $62,700 |