Market report · WI

Milwaukee, WI

Balanced's market

Cash-flow-friendly fundamentals: 7.7% gross rent yield and 47% of sales closing below list make Milwaukee a steady BRRRR and rental market.

DATA · Zillow Research (via scrape.do) · AS OF APRIL 2026

$226k
Typical home value
↑19.9%
+3.6%
YoY change
$1,461
Median rent
↑13.5%
7.74%
Gross yield
22
Median DOM
69/100
MDR score
Detail Value Detail Value
Median list price $226,600 Median sale price $214,833
Sale-to-list ratio 0.992 % sold below list +47.3%
Active inventory 1,303 New listings 479
Trends · 36-month series

How Milwaukee has moved.

Typical home value $189k → $226k · ↑19.9% (36mo)
$189k $201k $214k $226k May 23Nov 24Apr 26
Median rent (ZORI) $1k → $1k · ↑13.5% (36mo)
$1k $1k $1k $1k May 23Nov 24Apr 26
Median days on market 34d → 22d · ↓36.4% (36mo)
22d 26d 30d 34d Feb 26Mar 26Apr 26
Sale-to-list ratio 0.987 → 0.992 · ↑0.5% (36mo)
0.987 0.988 0.990 0.992 Jan 26Feb 26Mar 26

Milwaukee sits at a median home value of $226,456 as of the latest Zillow read, up 3.6% year-over-year — still in appreciation mode, which favors flippers willing to compete on speed.

The sale-to-list ratio of 0.992 signals a balanced market — neither bid wars nor fire sales dominate. 47.3% of closings land below list, leaving room to negotiate on the right deal but no broad discount across the board.

Rents tell a stronger story. The Zillow Observed Rent Index for Milwaukee is $1,461/mo against a $226k median — that’s a 7.74% gross annual rent yield, well above the national 4-5% baseline. BRRRR and long-term rental strategies have real cushion here.

Median days-on-market is running around 22 days against 1,303.333 active listings — that’s a fast-moving market. Speed is the moat; pre-arranged proof of funds and a tight buyers list are the difference between getting under contract and getting outbid.

MDR’s composite investor score for Milwaukee is 69/100 based on rent yield, sale-to-list discount, motivated-seller proxies, and DOM. Solid mid-tier. A disciplined operator can build a real book here; a tourist will get hurt.

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FAQ

Milwaukee for investors.

Is Milwaukee a good market for real estate investors in 2026?

Metro Deal Report's composite investor score for Milwaukee is 69/100, based on rent yield, sale-to-list ratio, motivated-seller proxies, and days on market. Milwaukee is a solid mid-tier market — workable for disciplined operators but not a top-of-list pick.

What is the median home price in Milwaukee?

The typical home value in Milwaukee as of the most recent Zillow read is $226,456. Median list price is $226,600 and median sale price is $214,833. Year-over-year change: +3.6%.

What can a landlord expect to rent a property for in Milwaukee?

Zillow's Observed Rent Index for Milwaukee is $1,461/mo. Against the typical home value of $226k, that produces a gross annual rent yield of 7.74% — above the national 4-5% baseline, supportive of BRRRR and long-term rental strategies.

Is Milwaukee a buyer's or seller's market?

Milwaukee's current sale-to-list ratio is 0.992 with 47.3% of homes closing below list. That's a balanced market — neither side dominates. Median days on market: 22 days. Active inventory: 1,303 listings.

Which investment strategy works best in Milwaukee?

Milwaukee's data favors BRRRR and long-term rentals — strong gross yield with stable to appreciating prices. See the per-strategy breakdowns at /wholesaling/milwaukee, /brrrr/milwaukee, and /flipping/milwaukee.

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