2026 Affordability Data
Most Affordable Neighborhoods in Milwaukee - 2026 Data
The median home value in Milwaukee is $145,000, 49% below nat'l avg. Median rent is $1,532/month. With an affordability index of 117, Milwaukee is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Milwaukee, WI area.
Key Takeaways: Affordability in Milwaukee
- 1The most affordable neighborhood in Milwaukee is Suamico village, with a median home value of $322,100.
- 2Milwaukee's median home value is $145,000, 49% below nat'l avg (national: $281,900).
- 3Milwaukee's affordability index is 117 (baseline 100), making it more affordable than the national average.
- 4Median rent in Milwaukee is $1,532/month, 32% above nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Milwaukee to find the most affordable areas based on home values, rent, and affordability index.
Milwaukee Affordability Overview
Median Home Value
$145,000
49% below nat'l avg
Median Rent
$1,532/mo
32% above nat'l avg
Median Income
$41,838
44% below nat'l avg
Affordability Index
117
17% above nat'l avg
Most Affordable Neighborhoods in Milwaukee (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | Suamico villageWI | $322,100 |
| 2 | WausauWI | $147,000 |
| 3 | KenoshaWI | $194,400 |
| 4 | WaukeshaWI | $267,200 |
| 5 | Fort AtkinsonWI | $191,300 |
| 6 | New BerlinWI | $320,800 |
| 7 | HartfordWI | $245,000 |
| 8 | Shorewood villageWI | $391,200 |
| 9 | Plover villageWI | $222,300 |
| 10 | StoughtonWI | $259,500 |
| 11 | Greendale villageWI | $273,400 |
| 12 | Waunakee villageWI | $442,700 |
| 13 | Grafton villageWI | $285,400 |
| 14 | Greenville villageWI | $309,100 |
| 15 | GreenfieldWI | $231,700 |
Detailed Neighborhood Profiles
Home Value: $322,100
Rent: $870/mo
Affordability: 139
Population: 12,878
Walk Score: 0/100
Home Value: $147,000
Rent: $870/mo
Affordability: 139
Population: 39,906
Walk Score: 0/100
Home Value: $194,400
Rent: $870/mo
Affordability: 139
Population: 99,493
Walk Score: 0/100
4
Home Value: $267,200
Rent: $870/mo
Affordability: 139
Population: 70,945
Walk Score: 0/100
5
Home Value: $191,300
Rent: $870/mo
Affordability: 139
Population: 12,522
Walk Score: 0/100
6
Home Value: $320,800
Rent: $870/mo
Affordability: 139
Population: 40,387
Walk Score: 0/100
7
Home Value: $245,000
Rent: $870/mo
Affordability: 139
Population: 15,667
Walk Score: 0/100
8
Home Value: $391,200
Rent: $870/mo
Affordability: 139
Population: 13,707
Walk Score: 0/100
9
Home Value: $222,300
Rent: $870/mo
Affordability: 139
Population: 13,549
Walk Score: 0/100
10
Home Value: $259,500
Rent: $870/mo
Affordability: 139
Population: 13,091
Walk Score: 0/100
11
Home Value: $273,400
Rent: $870/mo
Affordability: 139
Population: 14,722
Walk Score: 0/100
12
Home Value: $442,700
Rent: $870/mo
Affordability: 139
Population: 14,794
Walk Score: 0/100
13
Home Value: $285,400
Rent: $870/mo
Affordability: 139
Population: 12,160
Walk Score: 0/100
14
Home Value: $309,100
Rent: $870/mo
Affordability: 139
Population: 10,130
Walk Score: 0/100
15
Home Value: $231,700
Rent: $870/mo
Affordability: 139
Population: 37,521
Walk Score: 0/100
Frequently Asked Questions About Affordability in Milwaukee
What is the most affordable neighborhood in Milwaukee, WI?▾
Based on 2026 data, Suamico village is the most affordable neighborhood in Milwaukee with a median home value of $322,100. Kurby analyzed 15 neighborhoods in the Milwaukee area to compile these rankings.
What is the median home price in Milwaukee, WI?▾
The median home price in Milwaukee is $145,000, which is 49% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Milwaukee affordable compared to the national average?▾
Milwaukee has an affordability index of 117, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Milwaukee, WI?▾
The median monthly rent in Milwaukee is $1,532. This is 32% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Milwaukee?▾
The median household income in Milwaukee is $41,838 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Milwaukee are below the national average home price?▾
9 out of 15 ranked neighborhoods in Milwaukee have a median home value below the national average of $281,900. The most affordable is Wausau at $147,000 (Source: Kurby, 2026).