📊 Wisconsin · Housing Market 2026
Milwaukee Housing Market Data 2026
Median prices, cap rates, rent benchmarks, and investment outlook for Milwaukee, Wisconsin — data sourced from Zillow, HUD FMR, and Census ACS.
🟡 Moderate Market
Median Price:$218,000
Cap Rate:7.0%
Vacancy:7.6%
$218,000
Median Home Price
YoY: +2.8%
7.0%
Avg Cap Rate
Cash-on-cash: 6.3%
$1,450
Median Rent (2BR/mo)
YoY: +1.5%
7.6%
Vacancy Rate
High — watch carefully
38 days
Days on Market
Moderate pace
$218,000 / 7.0%
Price / Cap Rate
🟡 Moderate Market
📈 Market Analysis — Milwaukee, WI
Milwaukee enters 2026 as a premier "yield-first" market for real estate investors. With a
🏘️ Rent Breakdown — HUD Fair Market Rents
HUD Fair Market Rent represents the 40th percentile of gross rents paid by recent movers in Milwaukee. Used as a benchmark for Section 8 voucher limits and rental market analysis.
| Bedroom Count | Monthly Rent (HUD FMR) | Annual Rental Income | Est. Cap Rate at Median Price |
|---|---|---|---|
| 1 Bedroom | $1,110/mo | $13,320/yr | 4.3% est. |
| 2 Bedrooms | $1,450/mo | $17,400/yr | 5.6% est. |
| 3 Bedrooms | $1,930/mo | $23,160/yr | 7.4% est. |
* Estimated cap rate uses the 70% rule (30% reserved for expenses). Actual cap rates vary by property and management style.
💰 Cost of Investing in Milwaukee
| Cost Item | Rate / Amount | Est. Annual Cost | Monthly Cost |
|---|---|---|---|
| Property Tax | 1.6% effective rate | $3,575 | $298/mo |
| Homeowners Insurance | Wisconsin avg premium | $1,500 | $125/mo |
| Total Tax + Insurance | Based on median home price of $218,000 | $423/mo | |
These figures reflect state-level averages. Property tax rates vary by county; insurance costs vary by property type, age, and claims history. Source: Tax Foundation (2025), NAIC (2024).
⚖️ How Milwaukee Compares to National Averages
Avg Cap Rate
7.0%
National avg: 5.5%
✓ Above average
Median Home Price
$218,000
National avg: $371,696
✓ More affordable
Vacancy Rate
7.6%
National avg: 7.8%
✓ Low vacancy
2BR Median Rent
$1,450/mo
National avg: $1,469/mo
Days on Market
38 days
National avg: 41 days
Price Growth YoY
+2.8%
National avg: +3.6%
National averages calculated across all 69 tracked US investor markets. A cap rate above the national average suggests stronger cash flow potential relative to purchase price.
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