Milwaukee, WI home prices
Typical home $384,496 · +5.3% in a year · income needed $123,400
The Milwaukee, WI metro area ranks 175 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.3% in a year and +31.4% over five years. With 20% down at 7.11%, the typical home costs about $2,879 a month including 1.93% property tax (Milwaukee County rate).
Mortgage on the typical Milwaukee home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $76,899 | $307,597 | $2,069 | $0 | $809 | $2,879 | $123,400 |
| 10% down | $38,450 | $346,047 | $2,328 | $144 | $809 | $3,282 | $140,600 |
| 5% down | $19,225 | $365,272 | $2,457 | $152 | $809 | $3,419 | $146,500 |
| 3.5% down (FHA) | $13,457 | $377,532 | $2,540 | $170 | $809 | $3,519 | $150,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.93% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Milwaukee area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Milwaukee County, WI | $286,344 | +3.7% | 1.93% |
| Waukesha County, WI | $502,911 | +6.0% | 1.14% |
| Washington County, WI | $427,931 | +6.2% | 1.1% |
| Ozaukee County, WI | $508,113 | +6.5% | 1.19% |
What can you afford in Wisconsin on your salary? · Wisconsin home prices · Salaries in Wisconsin
Frequently asked questions
How much is a house in Milwaukee?
The typical home in the Milwaukee, WI metro area is worth $384,496 (Zillow, September 2026).
What salary do you need to buy a house in Milwaukee?
About $123,400 a year for the typical home with 20% down at 7.11%.