Granville, Milwaukee, WI—53223
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Granville, Milwaukee, WI
As of Oct '25, the median home price in Granville, Milwaukee, WI is $222,000, with a year-over-year change of 5.9%. This indicates that home prices in Granville, Milwaukee, WI are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $222,000 | 6.0% |
| Single Family | $255,000 | 2.8% |
| Condos | $102,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $71,000 | 1.4% |
2 Bed | $107,000 | 3.9% |
3 Bed | $223,000 | 5.2% |
4 Bed | $272,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Granville, Milwaukee, WI
As of July '25, Rentcast reports the average rent in Granville, Milwaukee, WI is $1,210, with a year-over-year rent change of -12.3%. Per bedroom, the median rent as of July '25 in Granville, Milwaukee, WI is studios: $1,070, 1-bedrooms: $908, 2-bedrooms: $1,220, 3-bedrooms: $1,540. The most common rental property sizes in Granville, Milwaukee, WI are 2-bedroom and 1-bedroom, accounting for 45.7% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,210 |
| Studio Rent | $895 | $1,070 |
| 1 Bed Rent | $995 | $908 |
| 2 Bed Rent | $1,200 | $1,220 |
| 3 Bed Rent | $1,500 | $1,540 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Granville, Milwaukee, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Granville, Milwaukee, WI is 29. This is a decrease of -7.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $249,000 | 11.0% |
Listing Count | 75 | -17.0% |
| Listings as % of Homes | 0.4% | -17.0% |
Days on Market | 29 | -7.0% |
Demographics — Granville, Milwaukee, WI
As of the latest ACS Survey released in 2023, Granville, Milwaukee, WI has a population of 29,300, which has increased by 2.4% over the past 5 years. Granville, 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 29.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,300 | 2.4% |
% Under 18 | 26.3% | 8.2% |
% Seniors | 18.4% | 2.2% |
% WFH | 13.0% | 225.0% |
% w/ College Degree | 29.0% | 5.5% |
As of the latest ACS Survey released in 2023, Granville, Milwaukee, WI is a predominantly black area, with 56.7% of the population identifying as black. The black population has grown by 10.7% in the last 5 years. The second most common race or ethnicity in Granville, Milwaukee, WI is white, making up 29.3% of the population. Foreign-born residents account for 7.2% of the population in Granville, Milwaukee, WI, and this percentage has decreased by 2.7% 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 | 29.3% | -13.6% |
% Black | 56.7% | 10.7% |
% Hispanic | 3.6% | -14.3% |
% Asian | 6.5% | -15.6% |
% Foreign Born | 7.2% | -2.7% |
Mortgage and Risk — Granville, Milwaukee, WI
According to HUD data as of 2023, there were 656 mortgage originations in Granville, Milwaukee, WI, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Granville, Milwaukee, WI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 656 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Granville, Milwaukee, WI
Granville, Milwaukee, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,500 |
Total Units Section 8 | 1,413 |
% Rentals under Section 8 | 24.1% |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $135 | $995 | $1,130 |
| 2 Bedroom | $140 | $1,200 | $1,340 |
| 3 Bedroom | $160 | $1,500 | $1,660 |
| 4 Bedroom | N/A | N/A | $1,810 |
Affordability — Granville, Milwaukee, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $222,000 |
| Median Household Income | $60,500 |