Markets/Wisconsin/Milwaukee-Waukesha

Milwaukee-Waukesha, WI Real Estate Market 2026

Investor-grade market analytics for Milwaukee-Waukesha, Wisconsin. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$363,139

+4.7% year-over-year

Est. Rental Yield

4.8%

gross annual

12-Month Forecast

-6.1%

base case (Zillow ZHVF)

-6.1% year-over-year

Market Momentum

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Warm
2.9mo supply ยท Score +3/7

Migration: Top 97% nationally

Income Migration

๐Ÿ“‰ Wealth Drain0.83x

In-migrants avg $63,363 AGI vs out-migrants $76,105

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Opportunity Zone Market

21 ZIP codes in Milwaukee-Waukesha are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Milwaukee-Waukesha Market Summary

Milwaukee-Waukesha, WI shows steady growth at 4.7% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 4.75x, below the national average of 4.8x. Net negative migration (-1,489 returns/year) is reducing housing demand pressure. Climate risk is moderate (42/100) with manageable exposure. Rental yield of 4.82% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score75/100
Price-to-Income Ratio4.8x (national avg 4.8x)
Median Household Income$76,404

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-9.2%
Base Case-6.1%
Bull Case-3.1%

Climate & Natural Hazard Risk

Milwaukee-Waukesha, WI's primary climate exposure is tornadoes (59/100). The composite climate risk score of 42/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Milwaukee-Waukesha dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.