How much do homeowners pay a month in Milwaukee, WI?
Homeowners with a mortgage in Milwaukee, WI pay a median of $1,533 (±$17) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $673 (±$11).
65.0% of owned homes carry a mortgage.
In Milwaukee, the median monthly cost with a mortgage went from $1,298 in 2015–2019 to $1,533 in 2020–2024 (+18.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $1,533 (±$17)
- Without a mortgage
- $673 (±$11)
- Owned with a mortgage
- 65.0%
Monthly owner costs in Milwaukee
| Milwaukee | Milwaukee County | Wisconsin | United States | |
|---|---|---|---|---|
| With a mortgage | $1,533 (±$17) | $1,688 (±$14) | $1,689 (±$5) | $1,963 |
| Without a mortgage | $673 (±$11) | $738 (±$10) | $659 (±$3) | $638 |
| Owned homes with a mortgage | 65.0% (±1.3 points) | 65.0% (±0.8 points) | 61.1% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $3,668 (±$45) | $4,444 (±$32) | $3,792 (±$12) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Milwaukee, the median cost with a mortgage is lower than in Milwaukee County ($1,688).
It is also lower than in Wisconsin ($1,689).
It is lower than the national figure ($1,963).
In Milwaukee County, Milwaukee ranks 15 of 19 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1012 of 1,845.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Milwaukee have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,298 (±$11) | $1,533 (±$17) | +18.1% | Down after inflation |
| Median real estate taxes | $3,184 (±$28) | $3,668 (±$45) | +15.2% | Down after inflation |
| Median home value | $122,100 (±$1,227) | $184,000 (±$2,703) | +50.7% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Milwaukee
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Milwaukee | — | $1,533 (±$17) | — |
| Wauwatosa | 3.5 mi | $2,071 (±$70) | Higher |
| West Milwaukee | 3.5 mi | $1,421 (±$166) | Not measurably different |
| Shorewood | 4.5 mi | $2,642 (±$207) | Higher |
| Glendale | 4.8 mi | $1,997 (±$148) | Higher |
| Whitefish Bay | 4.8 mi | $2,847 (±$147) | Higher |
| West Allis | 5.0 mi | $1,503 (±$39) | Not measurably different |
| Butler | 6.2 mi | $1,412 (±$119) | Lower |
| Elm Grove | 6.2 mi | $2,855 (±$159) | Higher |
Nearby places with a measurably lower figure: Butler, WI ($1,412).
Nearby places with a measurably higher figure: Wauwatosa, WI ($2,071), Shorewood, WI ($2,642), Glendale, WI ($1,997).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Milwaukee County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 9 | Glendale | $1,997 (±$148) |
| 10 | Oak Creek | $1,922 (±$52) |
| 11 | Hales Corners | $1,873 (±$140) |
| 12 | Greenfield | $1,800 (±$64) |
| 13 | Brown Deer | $1,747 (±$102) |
| 14 | South Milwaukee | $1,660 (±$50) |
| 15 | Milwaukee | $1,533 (±$17) |
| 16 | St. Francis | $1,504 (±$294) |
| 17 | West Allis | $1,503 (±$39) |
| 18 | Cudahy | $1,494 (±$81) |
| 19 | West Milwaukee | $1,421 (±$166) |
Showing 11 of 19 places in Milwaukee County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Milwaukee
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Milwaukee beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Milwaukee, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Milwaukee, and send estimates and invoices from your phone.
Questions about Milwaukee
What is the average mortgage payment in Milwaukee?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Milwaukee, WI is $1,533 (±$17) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Milwaukee?
Owners without a mortgage in Milwaukee pay a median of $673 (±$11) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Milwaukee gone up?
In Milwaukee, the median monthly cost with a mortgage went from $1,298 in 2015–2019 to $1,533 in 2020–2024 (+18.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Milwaukee city, Wisconsin
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Milwaukee city, Wisconsin
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Milwaukee city, Wisconsin
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Milwaukee city, Wisconsin
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Milwaukee city, Wisconsin
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Milwaukee city, Wisconsin (place:53000, in state:55).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Milwaukee at a glance
- Median rent in Milwaukee
- Rent by bedrooms in Milwaukee
- Rent burden in Milwaukee
- Renters and owners in Milwaukee
- Income and affordability in Milwaukee
- Home values in Milwaukee
- Property taxes in Milwaukee
- Types of homes in Milwaukee
- Bedrooms in Milwaukee
- Age of homes in Milwaukee
- Vacancy rate in Milwaukee
- Heating fuel in Milwaukee
- Commute and cars in Milwaukee
- Crime reported to police in Milwaukee
- Population growth in Milwaukee
- How long people stay in Milwaukee
- Crowding and facilities in Milwaukee
- Wisconsin landlord and tenant rules
- Housing across Milwaukee County
- Housing data for every place in Wisconsin