Milwaukee, WI Real Estate

Home to more than 600,000 people, Milwaukee is the largest city in Wisconsin. It is located off the shore of Lake Michigan, making it a great place to work and live. Popularized for its brewing industry, Milwaukee was once the number one beer producing city in the world for many years. Companies like Miller, Pabst and Blatz were all stationed in Milwaukee.

Milwaukee’s economy now attributes most of its production to businesses not in the brewing industry. Some of the big players in the Milwaukee business arena are Johnson Controls, Briggs & Stratton and Harley Davidson, to name a few.

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Milwaukee has an exceptional school system and one of the highest college students-per-capita ratios in the United States. Located downtown is Marquette University, to the east is the Milwaukee Institute of Art & Design (MIAD), and just north of the city is the University of Wisconsin-Milwaukee.

Milwaukee has much to do for residents in their leisure time. Dubbed the “City of Festivals,” Milwaukee hosts a plethora of events throughout the year, including the world’s largest music festival, Summerfest. Others include Italian Fest, German Fest, Wisconsin State Fair, Pridefest and many others.

For those who like to do a bit of gambling, Potawatami Bingo Casino is just minutes away from downtown. It offers high-stakes bingo, nearly 100 gaming tables, 3,100 slot machines, a 20-table Poker room and much more.

Harley Davidson, a name synonymous with Milwaukee, and vice versa, has an entire museum dedicated to its motorcycle – the most enduring and recognizable motorcycle in the world. Local residents and visitors alike find their way to the Harley Davidson Museum to get a bit of history on the brand that is so well known today.

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Local historians attribute the name “Milwaukee” to a word derived from the Potowatami Tribe. The Potowatamis pronounced it Mahn-ah-wauk, meaning council ground.

Beer found its way to Milwaukee in the 1840s from Germany. The German passion for the art of brewing and the city’s great location led to its status as one of the largest beer-producing powerhouses in the world.

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Milwaukee properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Academy of Accelerated Learning (Milwaukee) Milwaukee School District public 626 21 Academy of Accelerated Learning GreatSchools Rating
Allen-Field School (Milwaukee) Milwaukee School District public 748 14 Allen-Field School GreatSchools Rating
Amy Belle Elementary School (Colgate) Germantown School District public 380 15 Amy Belle Elementary School GreatSchools Rating
Barbee Elementary (Milwaukee) Milwaukee School District public 281 Not Provided Barbee Elementary GreatSchools Rating
Brown Street Academy (Milwaukee) Milwaukee School District public 325 14 Brown Street Academy GreatSchools Rating
Browning School (Milwaukee) Milwaukee School District public 310 15 Browning School GreatSchools Rating
Bruce School (Milwaukee) Milwaukee School District public 318 14 Bruce School GreatSchools Rating
Calvary's Christian Academy  (Milwaukee) private 125 Not Provided Calvary's Christian Academy  GreatSchools Rating
Clemens School (Milwaukee) Milwaukee School District public 397 17 Clemens School GreatSchools Rating
County Line Elementary School (Germantown) Germantown School District public 527 18 County Line Elementary School GreatSchools Rating
Cross Trainers Academy (Milwaukee) private 200 Not Provided Cross Trainers Academy GreatSchools Rating
Elm Creative Arts School (Milwaukee) Milwaukee School District public 540 Not Provided Elm Creative Arts School GreatSchools Rating
Elm Dale Elementary School (Greenfield) Greenfield School District public 539 22 Elm Dale Elementary School GreatSchools Rating
Forest Home Avenue School (Milwaukee) Milwaukee School District public 894 14 Forest Home Avenue School GreatSchools Rating
Goodrich School (Milwaukee) Milwaukee School District public 310 24 Goodrich School GreatSchools Rating
HOPE Christian School: Semper (Milwaukee) private 229 Not Provided HOPE Christian School: Semper GreatSchools Rating
Hawley Environmental School (Milwaukee) Milwaukee School District charter 326 23 Hawley Environmental School GreatSchools Rating
Hawthorne School (Milwaukee) Milwaukee School District public 290 14 Hawthorne School GreatSchools Rating
Honey Creek Continuous Progress School (Milwaukee) Milwaukee School District charter 407 22 Honey Creek Continuous Progress School GreatSchools Rating
Hope Christian Schools: Caritas (milwaukee) private 80 Not Provided Hope Christian Schools: Caritas GreatSchools Rating
Jackson Early Childhood & Elementary School (Milwaukee) Milwaukee School District public 323 12 Jackson Early Childhood &  Elementary School GreatSchools Rating
Kagel School (Milwaukee) Milwaukee School District public 392 19 Kagel School GreatSchools Rating
Kilbourn School (Milwaukee) Milwaukee School District public 268 20 Kilbourn School GreatSchools Rating
Kluge School (Milwaukee) Milwaukee School District public 382 16 Kluge School GreatSchools Rating
La Escuela Fratney (Milwaukee) Milwaukee School District public 459 15 La Escuela Fratney GreatSchools Rating
Lowell School (Milwaukee) Milwaukee School District public 238 17 Lowell School GreatSchools Rating
Macarthur Elementary School (Germantown) Germantown School District public 421 16 Macarthur Elementary School GreatSchools Rating
Maple Grove Elementary School (Greenfield) Greenfield School District public 489 18 Maple Grove Elementary School GreatSchools Rating
Maple Tree School (Milwaukee) Milwaukee School District public 307 15 Maple Tree School GreatSchools Rating
Milwaukee Environmental Sciences (Milwaukee) Milwaukee School District charter 215 Not Provided Milwaukee Environmental Sciences GreatSchools Rating
Milwaukee French Immersion School (Milwaukee) Milwaukee School District public 462 24 Milwaukee French Immersion School GreatSchools Rating
Milwaukee German Immersion School (Milwaukee) Milwaukee School District public 635 26 Milwaukee German Immersion School GreatSchools Rating
Milwaukee Spanish Immersion School (Milwaukee) Milwaukee School District public 571 23 Milwaukee Spanish Immersion School GreatSchools Rating
Next Door Charter School (Milwaukee) Milwaukee School District charter 155 17 Next Door Charter School GreatSchools Rating
North Shore Montessori School (Milwaukee) private 20 Not Provided North Shore Montessori School GreatSchools Rating
Pierce School (Milwaukee) Milwaukee School District public 429 19 Pierce School GreatSchools Rating
Riley School (Milwaukee) Milwaukee School District public 588 19 Riley School GreatSchools Rating
Siefert School (Milwaukee) Milwaukee School District public 307 18 Siefert School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Audubon Technology & Communication Middle School (Milwaukee) Milwaukee School District public 612 19 Audubon Technology & Communication Middle School GreatSchools Rating
Auer Avenue School (Milwaukee) Milwaukee School District public 329 16 Auer Avenue School GreatSchools Rating
Bethune Academy (Milwaukee) Milwaukee School District public 509 18 Bethune Academy GreatSchools Rating
Bruce Guadalupe (Milwaukee) Bruce Guadalupe Agency charter 1037 Not Provided Bruce Guadalupe GreatSchools Rating
Burbank School (Milwaukee) Milwaukee School District public 604 16 Burbank School GreatSchools Rating
Burdick School (Milwaukee) Milwaukee School District public 662 23 Burdick School GreatSchools Rating
Capitol West Academy (Milwaukee) Capitol West Academy Agency charter 290 Not Provided Capitol West Academy GreatSchools Rating
Cass Street School (Milwaukee) Milwaukee School District public 330 16 Cass Street School GreatSchools Rating
Central City Cyberschool (Milwaukee) Central City Cyberschool Agency charter 394 Not Provided Central City Cyberschool GreatSchools Rating
Clarke Street School (Milwaukee) Milwaukee School District public 364 16 Clarke Street School GreatSchools Rating
Curtin School (Milwaukee) Milwaukee School District public 365 21 Curtin School GreatSchools Rating
Fernwood Montessori School (Milwaukee) Milwaukee School District public 611 25 Fernwood Montessori School GreatSchools Rating
Fifty-Third Street School (Milwaukee) Milwaukee School District public 466 14 Fifty-Third Street School GreatSchools Rating
Franklin School (Milwaukee) Milwaukee School District public 317 14 Franklin School GreatSchools Rating
Golda Meir School (Milwaukee) Milwaukee School District public 520 20 Golda Meir School GreatSchools Rating
Grant School (Milwaukee) Milwaukee School District public 703 16 Grant School GreatSchools Rating
Grantosa Drive School (Milwaukee) Milwaukee School District public 628 15 Grantosa Drive School GreatSchools Rating
Greater Holy Temple Christian Academy (Milwaukee) private 734 Not Provided Greater Holy Temple Christian Academy GreatSchools Rating
Greenfield Bilingual School (Milwaukee) Milwaukee School District public 670 17 Greenfield Bilingual School GreatSchools Rating
Greenfield Middle School (Greenfield) Greenfield School District public 839 17 Greenfield Middle School GreatSchools Rating
Hayes Bilingual School (Milwaukee) Milwaukee School District public 406 13 Hayes Bilingual School GreatSchools Rating
Hi-Mount Community School (Milwaukee) Milwaukee School District public 385 17 Hi-Mount Community School GreatSchools Rating
Highland Community School (Milwaukee) Milwaukee School District charter 329 127 Highland Community School GreatSchools Rating
Holmes Elementary School (Milwaukee) Milwaukee School District public 378 17 Holmes Elementary School GreatSchools Rating
Hopkins Lloyd Community School (Milwaukee) Milwaukee School District public 429 15 Hopkins Lloyd Community School GreatSchools Rating
Humboldt Park School (Milwaukee) Milwaukee School District public 597 19 Humboldt Park School GreatSchools Rating
Kathryn T. Daniels University Preparatory Academy (Milwaukee) Milwaukee School District charter 250 458 Kathryn T. Daniels University Preparatory Academy GreatSchools Rating
Keefe Avenue School (Milwaukee) Milwaukee School District public 383 17 Keefe Avenue School GreatSchools Rating
Kennedy Middle School (Germantown) Germantown School District public 918 15 Kennedy Middle School GreatSchools Rating
King Jr Elementary School (Milwaukee) Milwaukee School District public 504 14 King Jr Elementary School GreatSchools Rating
La Causa Charter School (Milwaukee) Milwaukee School District charter 775 13 La Causa Charter School GreatSchools Rating
Lafollette School (Milwaukee) Milwaukee School District public 266 14 Lafollette School GreatSchools Rating
Lancaster School (Milwaukee) Milwaukee School District public 381 16 Lancaster School GreatSchools Rating
Longfellow School (Milwaukee) Milwaukee School District public 948 17 Longfellow School GreatSchools Rating
Loving Shepherd Lutheran School (Milwaukee) private 105 Not Provided Loving Shepherd Lutheran School GreatSchools Rating
Manitoba School (Milwaukee) Milwaukee School District public 537 18 Manitoba School GreatSchools Rating
Maryland Avenue Montessori School (Milwaukee) Milwaukee School District public 382 26 Maryland Avenue Montessori School GreatSchools Rating
Milw College Prep--North (Milwaukee) charter 0 Not Provided Milw College Prep--North GreatSchools Rating
Milwaukee Academy of Chinese Language (Milwaukee) Milwaukee School District public 399 20 Milwaukee Academy of Chinese Language GreatSchools Rating
Milwaukee Scholars Charter School (Milwaukee) Milwaukee Scholars Charter School charter 583 Not Provided Milwaukee Scholars Charter School GreatSchools Rating
Milwaukee Sign Language School (Milwaukee) Milwaukee School District public 568 13 Milwaukee Sign Language School GreatSchools Rating
Mitchell Integrated Arts School (Milwaukee) Milwaukee School District public 745 Not Provided Mitchell Integrated Arts School GreatSchools Rating
Morgandale School (Milwaukee) Milwaukee School District public 575 20 Morgandale School GreatSchools Rating
Northwest Lutheran School (Milwaukee) private 248 Not Provided Northwest Lutheran School GreatSchools Rating
Roosevelt Middle School of the Arts (Milwaukee) Milwaukee School District public 690 19 Roosevelt Middle School of the Arts GreatSchools Rating
Sharon Junior Academy (Milwaukee) private 44 Not Provided Sharon Junior Academy GreatSchools Rating
Sherman Multicultural Arts School (Milwaukee) Milwaukee School District public 459 15 Sherman Multicultural Arts School GreatSchools Rating
Southeastern Youth & Family (Milwaukee) Milwaukee School District public 29 6 Southeastern Youth & Family GreatSchools Rating
St. Adalbert School (Milwaukee) private 494 Not Provided St. Adalbert School GreatSchools Rating
St. Gregory the Great School (Milwaukee) private 290 Not Provided St. Gregory the Great School GreatSchools Rating
St. Josaphat Parish School (Milwaukee) private 265 Not Provided St. Josaphat Parish School GreatSchools Rating
St. Lucas Lutheran School (Milwaukee) private 203 Not Provided St. Lucas Lutheran School GreatSchools Rating
St. Matthias Parish School (Milwaukee) private 369 Not Provided St. Matthias Parish School GreatSchools Rating
St. Peter-Immanuel Lutheran School (Milwaukee) private 189 Not Provided St. Peter-Immanuel Lutheran School GreatSchools Rating
St. Vincent Pallotti Catholic School (Milwaukee) private 205 Not Provided St. Vincent Pallotti Catholic School GreatSchools Rating
Thoreau School (Milwaukee) Milwaukee School District public 573 19 Thoreau School GreatSchools Rating
Townsend Street School (Milwaukee) Milwaukee School District public 342 16 Townsend Street School GreatSchools Rating
Trowbridge Street School (Milwaukee) Milwaukee School District public 269 16 Trowbridge Street School GreatSchools Rating
Urban Day School (Milwaukee) Urban Day School Agency charter 900 Not Provided Urban Day School GreatSchools Rating
Victory K8 School (Milwaukee) Milwaukee School District public 574 17 Victory K8 School GreatSchools Rating
Westside Academy (Milwaukee) Milwaukee School District public 622 16 Westside Academy GreatSchools Rating
Whitman School (Milwaukee) Milwaukee School District public 262 19 Whitman School GreatSchools Rating
Woodlands School East (Milwaukee) charter 0 Not Provided Woodlands School East GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Assata High School (Milwaukee) Milwaukee School District public 130 28 Assata High School GreatSchools Rating
Banner Preparatory School of Milwaukee (Milwaukee) Milwaukee School District public 71 28 Banner Preparatory School of Milwaukee GreatSchools Rating
Bay View Middle and High School (Milwaukee) Milwaukee School District public 1404 24 Bay View Middle and High School GreatSchools Rating
Believers In Christ Christian Academy/ High School of Excellence (Milwaukee) private 254 Not Provided Believers In Christ Christian Academy/ High School of Excellence GreatSchools Rating
Bradley Technology & Trade High School (Milwaukee) Milwaukee School District public 1063 26 Bradley Technology & Trade High School GreatSchools Rating
Career Youth Development School of Excellence - (CYD) (Milwaukee) Milwaukee School District public 110 15 Career Youth Development School of Excellence - (CYD) GreatSchools Rating
Carmen High School of Science and Technology, South Campus (Milwaukee) Milwaukee School District charter 350 10 Carmen High School of Science and Technology, South Campus GreatSchools Rating
Coa Youth and Family Center (Milwaukee) private 97 Not Provided Coa Youth and Family Center GreatSchools Rating
Community High School (Milwaukee) Milwaukee School District charter 225 25 Community High School GreatSchools Rating
Divine Destiny School Inc.  (Milwaukee) private 0 Not Provided Divine Destiny School Inc.  GreatSchools Rating
Hamilton High School (Milwaukee) Milwaukee School District public 1693 29 Hamilton High School GreatSchools Rating
James Groppi High School (Milwaukee) Milwaukee School District public 408 31 James Groppi High School GreatSchools Rating
James Madison Academic Campus (Milwaukee) Milwaukee School District public 1128 24 James Madison Academic Campus GreatSchools Rating
MacDowell Montessori School (Milwaukee) Milwaukee School District public 710 Not Provided MacDowell Montessori School GreatSchools Rating
Milwaukee Academy of Science - (MAS) (Milwaukee) Milwaukee Academy Of Science Agency charter 1038 Not Provided Milwaukee Academy of Science - (MAS) GreatSchools Rating
Milwaukee High School of the Arts (Milwaukee) Milwaukee School District public 992 31 Milwaukee High School of the Arts GreatSchools Rating
Milwaukee School of Languages (Milwaukee) Milwaukee School District public 1152 22 Milwaukee School of Languages GreatSchools Rating
Morse * Marshall School for the Gifted and Talented (Milwaukee) Milwaukee School District public 1464 26 Morse * Marshall School for the Gifted and Talented GreatSchools Rating
New School for Community Service (Milwaukee) Milwaukee School District public 167 19 New School for Community Service GreatSchools Rating
North Division Charter High School (Milwaukee) Milwaukee School District public 436 25 North Division Charter High School GreatSchools Rating
Nova Tech (Milwaukee) Milwaukee School District charter 0 Not Provided Nova Tech GreatSchools Rating
Obama Scte (Milwaukee) Milwaukee School District public 0 Not Provided Obama Scte GreatSchools Rating
Pius XI High School (Milwaukee) private 904 Not Provided Pius XI High School GreatSchools Rating
Project Excel (Milwaukee) Milwaukee School District public 12 5 Project Excel GreatSchools Rating
Pulaski High School (Milwaukee) Milwaukee School District public 1235 25 Pulaski High School GreatSchools Rating
Riverside University High School (Milwaukee) Milwaukee School District public 1608 30 Riverside University High School GreatSchools Rating
Rufus King International School (Milwaukee) Milwaukee School District public 1500 27 Rufus King International School GreatSchools Rating
Shalom High School (Milwaukee) Milwaukee School District public 105 42 Shalom High School GreatSchools Rating
South Division High School (Milwaukee) Milwaukee School District public 1138 33 South Division High School GreatSchools Rating
St. Anthony School (Milwaukee) private 2075 Not Provided St. Anthony School GreatSchools Rating
St. Joan Antida High School (Milwaukee) private 252 Not Provided St. Joan Antida High School GreatSchools Rating
St. Thomas More High School (Milwaukee) private 493 Not Provided St. Thomas More High School GreatSchools Rating
Tamarack Waldorf School (Milwaukee) private 255 Not Provided Tamarack Waldorf School GreatSchools Rating
Tenor High School (Milwaukee) Tenor High School Agency charter 210 Not Provided Tenor High School GreatSchools Rating
Universal Academy - College Bound (Milwaukee) Milwaukee School District charter 0 Not Provided Universal Academy - College Bound GreatSchools Rating
University School of Milwaukee (Milwaukee) private 1090 Not Provided University School of Milwaukee GreatSchools Rating
Washington HS of Information Technology (Milwaukee) Milwaukee School District public 737 20 Washington HS of Information Technology GreatSchools Rating
Wells Street Academy (Milwaukee) private 0 Not Provided Wells Street Academy GreatSchools Rating
Wisconsin Conservatory of Lifelong Learning (Milwaukee) Milwaukee School District public 792 19 Wisconsin Conservatory of Lifelong Learning GreatSchools Rating
Wisconsin Institute For Torah Study (Milwaukee) private 72 Not Provided Wisconsin Institute For Torah Study GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 807,226 946,679 5,687,217
Total Households 323,754 379,747 2,286,339
Total Families 183,246 218,280 1,476,860
Population Density 167,235 184,397 437,888
Percent Male 48% 48% 50%
Percent Female 52% 52% 50%
White Collar Jobs 58% 59% 55%
Blue Collar Jobs 42% 41% 45%

Top Occupations

Professions Population Employed
Healthcare 89,089
Sales 57,921
Transportation 56,739
Manufacturing 53,571
Education 49,830
Retail 47,493
Information, Scientific and Technical 41,192
Management 37,039
Arts and Media 35,796
Professional Services 30,346

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income with Head of House hold under age of 25

Household Income with Head of House Hold between the ages of 25 and 44

Household Income with Head of House Hold between the ages of 45 and 64

Household Income with Head of Household over the age of 65

Housing Demographics

  City County State
Total Housing Units 358,598 417,541 2,620,437
Owner Occupied Housing Units 160,915 197,205 1,568,389
Renter Occupied Housing Units 162,844 182,547 717,965
Vacant Housing Units 34,837 37,793 334,086
Occupancy Rate 90% 91% 87%
Vehicles Per Housing Unit 39 51 1,560

Commute Time To Work

  City County State
Less than 5 minutes 7,959 9,984 128,186
5 - 14 minutes 90,068 96,809 431,774
15 - 29 minutes 164,045 174,080 539,195
30 - 44 minutes 65,191 76,681 303,799
45-59 minutes 13,328 17,175 143,851
Over 60 minutes 13,422 14,553 85,472

Total Housing Units

Housing By Occupant

Commute Time To Work

Monthly Rental Rates

Monthly Mortgage Costs

Age of Homeowners

Education Attainment

  City County State
Some High School 78,345 87,304 374,133
High School Graduate 146,286 175,945 1,258,952
Some College 109,125 131,284 808,107
Associates Degree 33,801 42,392 355,880
Bachelors Degree 88,788 108,332 663,912
Graduate Degree 50,451 56,563 257,862

Education Attainment


Market Conditions

Market Conditions for Milwaukee

November 2016

Median Sale Price
$112,950

 DOWN -0.48%
vs. Month Ago
Homes for Sale
1,596

 DOWN -10.08%
vs. Month Ago
Homes Sold
336

 DOWN -0.29%
vs. Month Ago
Avg Days on Market
57

 DOWN -17.39%
vs. Month Ago

Median Sale Price

The median sale price for homes in November was $112,950. The median sales price for homes in November fell by ($550) compared to last month. This represents a 0.48% decrease from October. Compared to the same month last year, the median price of homes rose by $25,950 representing a 29.82% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

The inventory of homes for sale fell by 179 in November to 1,596. This represents 10.08% decrease from October when 1,775 homes were on the market. Compared to the same month last year when there were 1,904 homes for sale, the inventory of homes for sale has fallen by 308 representing a -16.17% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The inventory of homes for sale fell by 179 in November to 1,596. This represents 10.08% decrease from October when 1,775 homes were on the market. Compared to the same month last year when there were 1,904 homes for sale, the inventory of homes for sale has fallen by 308 representing a -16.17% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Avg Days on Market

The average days on market for a home sold in November (57) decreased by 12 days compared to October. This represents a 17.39% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 31, a -35.22% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

The Sale/List Price Ratio of 90.94% in November fell by 2.11% compared to October and increased 1.34% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

The number of homes listed in November (376) fell by 108 compared to October, a 22.31% change. Compared to November 2015, the number of new listings increased by 43, a 12.91% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Homes

The median list price in November was $108,500. The median list price for homes in November fell by ($4,700) compared to last month. This represents a 4.15% decrease from October. Compared to the same month last year, the median list price of homes increased $9,500 representing a 9.59% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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