Milwaukee is a great place to invest in real estate. A recent report ranked the Milwaukee housing market the third-healthiest in the nation . When you combined low prices with high rents , this results in a tremendous advantage for the investor to achieve wealth quicker then in other overpriced markets.
Milwaukee is the largest city in the U.S. state of Wisconsin, the 30th most populous city in the United States, and 39th most populous region in the United States. It is the county seat of Milwaukee County and is located on the southwestern shore of Lake Michigan. According to 2010 census data, the City of Milwaukee has a population of 594,833. Milwaukee is the main cultural and economic center of the Milwaukee–Racine–Waukesha Metropolitan Area with a population of 2,025,898 as of 2010.
Milwaukee is the home to the international headquarters of 5 Fortune 500 companies: Johnson Controls, Northwestern Mutual, Manpower, Rockwell Automation and Harley-Davidson. Service and managerial jobs are the fastest-growing segments of the Milwaukee economy, and health care alone makes up 27% the jobs in the city. In 2009, five Milwaukee-area companies were selected as leaders in their industries as Fortune magazine recognized “The World’s Most-Admired Companies."
The median sale price for homes in Milwaukee over the last 12 months is $92,000. Our average sales prices for our investment properties is only $50,000.
The median mortgage debt is $74,772.
Additional Statistics for Single Family Homes and Condos in Milwaukee, WI
Median Listing Price
Median Days on Market
(foreclosures and short sales)
Milwaukee, WI Price Trends - Sold vs. Listed
Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Milwaukee, WI Market Inventory Trends
The number of active listings in Milwaukee increased by 3.1% from the previous month.
The median number of days active properties have been listed is 59. This is significantly shorter than the national average.
The number of sales in April dropped by 89.1% from the previous month.
Milwaukee, WI Property Ownership
The percent of owner occupied properties in Milwaukee is 19.66% below the national average.
The percent of rental properties in Milwaukee is 27.49% above the national average which is typical for urban areas.