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These days, finding an affordable place to live in the Milwaukee area can be challenging. Home prices in Milwaukee are now at a median cost of $298,844, higher than the Pennsylvania average of $288,156.
The average cost of rent is $939/mo in Milwaukee, primarily driven by the current value of real estate in the Milwaukee area. In Milwaukee, 11.60% of households rent, and 56.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milwaukee is $6,243 per month. Households that rent pay about 15.05% of their income on rent here. Milwaukee’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Upper Exeter, PA: less expensive homes
- West Falls, PA: less expensive homes
- Schultzville, PA: equally priced homes
- Ransom, PA: less expensive homes
- Falls, PA: less expensive homes
- Old Forge, PA: less expensive homes
- Taylor, PA: less expensive homes
- Harding, PA: less expensive homes
- Mill City, PA: less expensive homes
- Duryea, PA: less expensive homes
Cities with Similar Populations
- Hopkins Hollow, RI: higher priced homes
- Ireland Corners, NY: higher priced homes
- Indiantown, MD: equally priced homes
- Indian Village, IN: less expensive homes
- Increase, MS: less expensive homes
- Hytop, AL: less expensive homes
- Huron, MO: less expensive homes
- Huddle, VA: less expensive homes
- Howardsville, VA: equally priced homes
- Horn Brook, PA: less expensive homes
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