Milwaukee area rankings: ZIP codes and suburbs by home value, rent and income

September 2026 figures from Zillow and the U.S. Census Bureau · Milwaukee-Waukesha, WI metro area · updated 2026-11-15

Typical home value

$384,000

+5.3% in a year · U.S.: $366,000

Typical rent

$1,549

+5.3% in a year · U.S.: $1,932

Median household income

$78,218

U.S.: $80,734

Population

1,575,010

Census estimate, July 2025

11 rankings for the Milwaukee area

Cheapest ZIP codes in the Milwaukee areaFirst place: ZIP code 53206 (North Division, Milwaukee, WI): $92,447 · 78 ZIP codes listed
Most expensive ZIP codes in the Milwaukee areaFirst place: ZIP code 53058 (Nashotah, WI): $729,000 · 78 ZIP codes listed
Where home prices are rising fastest in the Milwaukee areaFirst place: ZIP code 53206 (North Division, Milwaukee, WI): +13.0% · 74 ZIP codes listed
Cheapest rent in the Milwaukee area, by ZIP codeFirst place: ZIP code 53206 (North Division, Milwaukee, WI): $994 · 43 ZIP codes listed
Highest rent in the Milwaukee area, by ZIP codeFirst place: ZIP code 53092 (Mequon, WI): $2,422 · 43 ZIP codes listed
Where rents are rising fastest in the Milwaukee areaFirst place: ZIP code 53172 (South Milwaukee, WI): +11.7% · 28 ZIP codes listed
Richest ZIP codes in the Milwaukee area, by household incomeFirst place: ZIP code 53122 (Elm Grove, WI): $157,962 · 78 ZIP codes listed
Cheapest suburbs of MilwaukeeFirst place: West Allis, WI: $272,000 · 41 suburbs listed
Most expensive suburbs of MilwaukeeFirst place: Summit, WI: $773,000 · 41 suburbs listed
Richest suburbs of Milwaukee, by household incomeFirst place: Elm Grove, WI: $158,016 · 41 suburbs listed
Largest suburbs of Milwaukee, by populationFirst place: Waukesha, WI: 71,233 · 41 suburbs listed

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Sources

Home values: Zillow ZHVI (Sep 2026). Rents: Zillow ZORI (Sep 2026), seasonally adjusted (Zillow). Income and the population of ZIP codes, cities and towns: U.S. Census Bureau, ACS 2020–24 5-year estimates. ZIP codes with fewer than 1,000 residents and cities or towns with fewer than 5,000 are not ranked. Compiled by Home Economics.