Market Intelligence · WI / Milwaukee

Milwaukee, WI 53206 Housing Market

Typical home value in Milwaukee's 53206 ZIP code reached $92,447 as of September 2026, up 13.0% over the past year. The median list price sits at $109,950, with homes spending a median of 85 days on the market.

Updated September 2026Median value$92K

The median home value in Milwaukee, WI 53206 is $92K as of September 2026, up 13.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 53206 range

$85K to $100K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+13.0% over 12 months

Sep 2025$82K

Low $82KHigh $92K

Sep 2026$92K

The numbers

What is the 53206 housing market like?

As of September 2026

Typical home value

$92K

13.0%YoY

Median list price

$110K

4.7%MoM

Days on market

32.8%MoM

Homes for sale

3.0%MoM

Price cuts

11.0%

42.3%MoM

New listings

12.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

53206 housing market forecast 2027

+4.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 53206 to rise 4.4% by September 2027.

Over the 12 months through September 2026, typical home values in 53206 rose 13.0%, per the Zillow Home Value Index.

Will home prices drop in 53206?

Zillow's forecast does not call for a drop: it expects typical home values in 53206 to rise 4.4% by September 2027, after a 13.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 53206 home prices compare?

53206$92,447
Milwaukee$249,849
Wisconsin$310,474
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Milwaukee: 28 ZIPs; Wisconsin: 679 ZIPs; United States: 26,262 ZIPs).

Context

The 53206 area shows a modest but steady market. With 64 homes for sale and 18 new listings as of September 2026, inventory remains limited. The median asking price of $109,950 exceeds the typical home value of $92,447, suggesting some overpricing relative to actual market values. About 11.0% of listings have already seen price reductions. Sellers should expect a slower pace: homes take time to move, and the gap between asking price and real value is a real factor to weigh.

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Down payment20% · $18,489

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Common questions

What people ask us.

What is a typical home worth in 53206?

Typical home value in this ZIP code is $92,447 as of September 2026, reflecting a 13.0% gain over the past year.

How long do homes stay on the market here?

The median time on market is 85 days as of September 2026.

How many homes are currently for sale?

As of September 2026, there are 64 homes for sale in 53206, with 18 new listings.

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