Market Intelligence · WI / Milwaukee

Milwaukee, WI 53220 Housing Market

Typical home value in Milwaukee's 53220 ZIP is $297,415, up 5.3% over the past year. Homes are selling at a median list price of $317,450 and staying on the market for 28 days.

Updated September 2026Median value$297K

The median home value in Milwaukee, WI 53220 is $297K as of September 2026, up 5.3% 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 53220 range

$274K to $321K

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

+5.3% over 12 months

Sep 2025$282K

Low $282KHigh $297K

Sep 2026$297K

The numbers

What is the 53220 housing market like?

As of September 2026

Typical home value

$297K

5.3%YoY

Median list price

$317K

0.8%MoM

Days on market

16.7%MoM

Homes for sale

21.4%MoM

Price cuts

9.6%

25.8%MoM

New listings

33.3%MoM

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

The outlook

53220 housing market forecast 2027

+3.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 53220 to rise 3.0% by September 2027.

Over the 12 months through September 2026, typical home values in 53220 rose 5.3%, per the Zillow Home Value Index.

Will home prices drop in 53220?

Zillow's forecast does not call for a drop: it expects typical home values in 53220 to rise 3.0% by September 2027, after a 5.3% 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 53220 home prices compare?

53220$297,415
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

September 2026 shows 34 homes for sale in 53220, with 16 new listings added to the market. The median days on market of 28 indicates a reasonably steady pace. At a median list price of $317,450, homes are priced notably above the typical value of $297,415. Price cuts appear on 9.6% of listings, suggesting some sellers are adjusting to market conditions. For homeowners considering a sale, the year-over-year gains are solid, but the current inventory and pricing gap warrant a realistic appraisal before listing.

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Down payment20% · $59,483

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Common questions

What people ask us.

What is the typical home value in 53220?

The typical home value is $297,415, which has increased 5.3% over the past year.

How long do homes stay on the market in 53220?

Homes have a median days on market of 28 days.

What share of listings have price cuts?

9.6% of listings have a price cut as of September 2026.

Discover

Nearby ZIP markets.

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