Zip Code 53215

Milwaukee, WIMilwaukee County

Real Estate Market Analysis

Q3 2025 Report
$201,620 (Feb 2025)
Median Home Value
~62,000 (2024 est.)
Population
$46,000 (est. 2024)
Median Income
2/10 (GreatSchools, below state avg.)
School District Rating

Market Statistics

Property Values

$201,620 (Feb 2025)
Median Home Value
$1,150 (est. 2025, 2-3 bed units)
Median Rent
$197 (Milwaukee County, Jun 2025)
Price per Sq Ft

Market Performance

Home Appreciation+11.3% (past year, 53215)
Market VelocitySeller's market; inventory up 15% MoM in Milwaukee, homes selling quickly[1][2][3]
Foreclosure RateLow, below national average (Milwaukee County, 2025)

Area Information

Area SizeApprox. 4.5 sq mi
CountyMilwaukee
Primary CityMilwaukee

Housing Profile

Housing Statistics

Total Housing Units~16,000 (est.)
Owner Occupied38% (est.)
Rental Properties62% (est.)
Vacant Units~8% (est.)
New ConstructionLimited; most stock pre-1970, some infill/renovation

Housing Types

Single-family homesDuplexesSmall multifamily (2-4 units)Apartments

Demographics

~62,000 (2024 est.)
Population
31
Median Age
$46,000 (est. 2024)
Median Income
~94% (unemployment ~6%)
Employment Rate
High school grad or higher: 71%; Bachelor's or higher: 13%
Education Levels
Large Hispanic/Latino families, multi-generational households common
Family Composition

Education Quality

School District Performance

2/10 (GreatSchools, below state avg.)
District Rating
School DistrictMilwaukee Public Schools (MPS)
Test ScoresBelow state average; reading and math proficiency 20-30%
Graduation Rates~70% (MPS avg.)

Schools in Area

  • Allen-Field Elementary
  • Hayes Bilingual School
  • Pulaski High School
  • St. Anthony School (private)

Economic Factors

Employment & Business

Job Growth+1.2% (2024-2025, Milwaukee metro)
Unemployment Rate6% (53215 est.)
Business EnvironmentActive small business corridor (Lincoln Ave, Cesar Chavez Dr.)
Commercial ActivityRetail, restaurants, service businesses; some light industrial

Major Employers

  • Aurora Health Care
  • Froedtert Health
  • Milwaukee Public Schools
  • Manufacturing/Logistics firms

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-94, I-43 access
  • MCTS bus lines 19, 27, 53, GreenLine

Utilities & Services

  • We Energies (electric/gas)
  • Milwaukee Water Works
  • City sanitation

Quality of Life

Safety & Environment

Above city average; property and violent crime higher than state avg. but trending down since 2023

Urban; some air/noise pollution, but green spaces present

Healthcare Access

  • Aurora St. Luke’s Medical Center
  • Sixteenth Street Community Health Centers

Development Trends

Planned Developments

  • Lincoln Avenue corridor revitalization
  • Affordable housing infill projects

Infrastructure Projects

  • Street resurfacing (2025-2026)
  • Bus Rapid Transit expansion

Investment Outlook

Growth Outlook

Stable to moderate growth; strong demand for affordable housing

Investment Opportunities

  • Small multifamily rehab
  • Retail storefronts
  • Affordable rental housing

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Investors (multifamily)
  • Hispanic/Latino families
  • Renters seeking ownership

Competitive Advantages

  • Lower price point than East Side/Bay View
  • Strong rental demand
  • Diverse, vibrant community

Pricing Strategies

Price slightly below county median to attract value-seeking buyers

Common Objections & Response Strategies

Objection: Concerns about crime rates

Response Strategy:

Provide recent data showing downward trend, highlight neighborhood watch and police initiatives

Objection: School quality concerns

Response Strategy:

Emphasize school choice, local charter/private options, and after-school programs

Objection: Older housing stock

Response Strategy:

Highlight recent renovations, energy efficiency upgrades, and value-add potential

Objection: Urban density/parking

Response Strategy:

Showcase off-street parking options, walkability, and transit access

Professional Recommendations

1

Leverage Spanish-speaking agents and materials

2

Network with local community organizations

3

Highlight recent appreciation and rental demand in marketing

4

Educate buyers on renovation loans and down payment programs

5

Monitor city development plans for new investment opportunities

Competitive Analysis

Comparable Markets

  • 53204 (Walker’s Point)
  • 53207 (Bay View)
  • 53221 (Southwest Milwaukee)

Market Positioning

Affordable, high-demand urban neighborhood with strong rental market

Competitive Advantages

  • Lower entry price
  • Higher rental yields
  • Large, stable renter pool

Price Comparison

~25% below Bay View (53207), ~10% below city median

Investment Metrics

6.5-7.5% (multifamily, 2025 est.)
Cap Rates
7-8% gross yield (median rent/median price)
Rental Yields
~14.6 (201,620/13,800 annual rent)
Price-to-Rent
Strong for well-managed duplexes and small multis
Cash Flow
5-7% annual (2025-2026, barring economic downturn)
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability, may need education on renovation/financing; down payment assistance available

Move-Up Buyers

Less common; may seek larger homes in nearby zip codes

Downsizers

Rare, but some interest in condos/apartments

Investors

Active; focus on duplexes, triplexes, and value-add

Relocators

Often drawn by family ties or job proximity; may need orientation to local amenities

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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