FIPS 55079 · population 926,331 · part of Milwaukee, WI
The latest county-level Zillow ZORI is $1,520 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.
| Bedrooms | HUD monthly FMR | Geography | Measurement boundary |
|---|---|---|---|
| Studio | $1,027 | Milwaukee County, WI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 1 bedroom | $1,119 | Milwaukee County, WI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 2 bedrooms | $1,338 | Milwaukee County, WI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 3 bedrooms | $1,648 | Milwaukee County, WI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 4 bedrooms | $1,784 | Milwaukee County, WI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26
Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.
Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.
Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.
Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.
BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.
HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.
These Apartment List observations match the exact county Census code 55079. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.
Monthly overall-rent index; missing observations are not filled from another geography.
Milwaukee County’s underwriting tension is a workable pre-cost rent-to-price relationship against softer listing conditions, tax drag, and flood exposure. It merits investigation by buyers able to verify block-level rents, taxes, and insurance; those relying on price momentum or thin expense buffers should be cautious. At Zillow’s 2026-06 county reading, median home value was $296,654 and median asking rent was $1,520 per month; supplied gross yield is 6.15% before operating costs.
That yield uses measured market asking rent, not HUD FMR. HUD’s two-bedroom FMR of $1,338 is a payment standard, while measured asking rent was 13.6% above it; FMR cannot replace rent comps or recalculate yield. The 1.93% effective property-tax rate and $4,444 median annual tax make carrying costs material, although parcel assessments are not published. FHFA’s 2025 annual repeat-transaction HPI rose 5.8%; it is an index, not a dollar home value, and neither its method nor time frame should be merged with Zillow’s reading.
Realtor.com’s 2026-06 MLS evidence indicates a softer visible listing environment, not demand proof: 1,688 active listings were 17.34% higher, median marketing time was 33 days and 25.71% longer, and 14.1% of listings carried reductions. These are asking-market supply, marketing-time, and seller-concession measures, not closed-sale prices. Investors made 14.2% of purchases, indicating participation but not bid behavior. Tax-return records show more households left than arrived, and departing movers had higher average AGI. QCEW’s annual covered workplace employment slipped while its average weekly covered-worker wage rose; education and health services is the largest disclosed private supersector, not the whole county economy.
Inland flood is the dominant hazard and aligns with a modeled annual climate-loss ratio of 0.08% of building value; this screening estimate is not a parcel premium or claim forecast. Debt terms, insurance quotes, vacancy, operating expenses, closed-sale comps, unit-level rent comps, and parcel flood exposure are not published. Their absence prevents a levered cash-flow, cap-rate, resale-value, or asset-specific hazard conclusion. Check tax bills and assessments, flood mapping and insurer terms, leases and rent comps, and recent comparable sales before fixing price or reserves.
This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.
Milwaukee County's selected ZIP/ZCTA view poses a current rent-screening question rather than a single county price: which displayed locations fit a household's current asking-rent budget once individual units are checked? For direct Zillow observations in June 2026, the typical observed asking-rent index ranges from $1,061 to $1,688, a $627 difference. The selected-set median is $1,414, below county ZORI of $1,520. Year-over-year index changes span 0.2% to 12.0%, compared with 4.2% countywide. This broad level and change dispersion is useful for setting a listing-search band, not for forecasting rents or treating ZORI as a quote for every bedroom or address. The decision is therefore to test actual units against budget, household size, and total lease cost.
Three rent measures answer distinct questions. Zillow's current typical observed asking-rent index should be read beside ACS 2024 five-year ZCTA median gross rent, a survey estimate, and HUD's FY2026 two-bedroom FMR. The HUD amount is $1,338, a bedroom-specific administrative standard rather than an asking-rent estimate. Across the shown ZIPs, the direct-ZORI-to-HUD ratio runs from 79.3% to 126.2%, showing that these measures need not align. ACS median gross rent spans $936 to $1,452 in the selected ZCTAs. These are useful comparisons, not inputs for averaging or a finding that any particular unit is affordable.
Affordability and vacancy indicators create trade-offs rather than rankings. The ACS estimated share of renters paying at least 30% of income for rent ranges from 33.7% to 54.0% in the shown areas, compared with 48.4% countywide. The ACS vacancy rate ranges from 2.8% to 15.3%, versus 8.0% countywide. At 53209, a $1,386 ZORI implies $55,440 in annual income at that threshold, above its ACS median household income of $48,486; its burden rate is the selected maximum, while its vacancy rate is 11.1%. This juxtaposition does not establish that a median-income household rents at ZORI or that a vacant home is suitable or discounted. Searchers should treat burden as a recurring-cost signal and vacancy as an area-level condition measure, then verify current listings.
Coverage is limited: this view includes 12 of the 32 eligible direct-ZORI ZIP/ZCTA matches and covers 105,864 renter households, so it is not an inventory of all county rental locations. For this Milwaukee County display, the HUD-USPS crosswalk assigns each shown ZIP to the county based on its largest residential-address share. Yet delivery ZIP routes can cross county lines, while ACS ZCTA tabulation boundaries may not match the addresses served under a USPS ZIP. Before acting, verify the property's street address and county placement, live advertised rent, bedroom count for FMR relevance, utilities and mandatory fees, lease terms, and actual availability.
32 ZIP profiles passed the county gate; the 12 with the most renter households are shown.
| ZIP / ZCTA | Zillow asking rent | ACS gross rent | HUD 2BR | Burden 30%+ | Vacancy | Income screen | HUD county share |
|---|---|---|---|---|---|---|---|
| 53202 | $1,688 | $1,259 | $1,338 | 40.6% | 11.1% | $68k | 100.0% |
| 53209 | $1,386 | $988 | $1,338 | 54.0% | 11.1% | $55k | 100.0% |
| 53204 | $1,458 | $1,004 | $1,338 | 47.9% | 7.8% | $58k | 100.0% |
| 53215 → | $1,061 | $977 | $1,338 | 45.9% | 9.1% | $42k | 100.0% |
| 53211 | $1,429 | $1,287 | $1,338 | 47.3% | 6.5% | $57k | 100.0% |
| 53212 | $1,271 | $1,055 | $1,338 | 50.3% | 12.5% | $51k | 100.0% |
| 53218 | $1,399 | $1,067 | $1,338 | 53.1% | 7.8% | $56k | 100.0% |
| 53214 | $1,435 | $1,009 | $1,338 | 37.5% | 7.9% | $57k | 100.0% |
| 53208 | $1,340 | $936 | $1,338 | 42.6% | 15.3% | $54k | 100.0% |
| 53221 | $1,390 | $1,119 | $1,338 | 47.0% | 3.4% | $56k | 100.0% |
| 53154 | $1,682 | $1,452 | $1,338 | 33.7% | 2.8% | $67k | 100.0% |
| 53207 | $1,609 | $1,197 | $1,338 | 34.4% | 6.1% | $64k | 100.0% |
Open a five-digit report for asking rent, affordability, rent history and resale liquidity. Each row keeps its ZIP/ZCTA measurement scope.
| ZIP report | City label | Zillow rent | 1Y change | ACS burden 30%+ | Population |
|---|---|---|---|---|---|
| ZIP 53213 rental reportMilwaukee County | Wauwatosa, WI | $1,778 | ▲ 3.1% | 37.2% | 26,905 |
| ZIP 53202 rental reportMilwaukee County | Milwaukee, WI | $1,688 | ▲ 3.4% | 40.6% | 25,861 |
| ZIP 53207 rental reportMilwaukee County | Milwaukee, WI | $1,609 | ▲ 5.9% | 34.4% | 34,313 |
| ZIP 53211 rental reportMilwaukee County | Shorewood, WI | $1,429 | ▲ 4.0% | 47.3% | 34,234 |
| ZIP 53212 rental reportMilwaukee County | Milwaukee, WI | $1,271 | ▲ 5.2% | 50.3% | 28,938 |
| ZIP 53215 rental reportMilwaukee County | Milwaukee, WI | $1,061 | ▲ 12.0% | 45.9% | 58,146 |
Zillow ZORI is an asking-rent index. ACS burden and population describe the Census ZCTA; missing observations remain n/a.
Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.
Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.
0.085% of building value expected lost per year
$4,444 median annual bill
18,221 in · 20,069 out
$59,618 arriving · $74,364 leaving
1,217 of 8,572 mortgages
Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.
A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.
| County | Population | Price | Rent | Yield | Hazard |
|---|---|---|---|---|---|
| Milwaukee County | 926,331 | $297k | $1,520 | 6.2% | inland flooding |
| Waukesha County | 411,762 | $512k | $1,768 | 4.1% | inland flooding |
| Washington County | 137,879 | $434k | $1,450 | 4.0% | inland flooding |
| Ozaukee County | 92,966 | $514k | $1,705 | 4.0% | inland flooding |
It is median asking market rent; HUD two-bedroom FMR is separately identified as a payment standard.
No. It represents annual market rent before costs; debt, insurance, vacancy, and operating expenses are not published.
No. It supplies active listings, marketing time, and reductions, which are listing-market measures rather than closed sales or proof of buyer demand.