How much is a home worth in ZIP code 53132?

The typical home in 53132 is worth $443,039, based on the Zillow Home Value Index.

Are home values rising in 53132?

Home values in 53132 are up 3.8% over the past year, and up 5.5% a year over five years.

What is the typical rent in 53132?

A typical home in 53132 rents for about $1,826 a month, a gross rental yield of 4.9%.

What is the property tax rate in 53132?

The effective property tax rate in 53132 is 1.7% — roughly $7,717 a year on a typical home.

ZIP code 53132 has a population of 35,433 and a median household income of $109,850.

HousingHandbookReference data

…

U.S. ZIP Code · WI53132

Milwaukee County · Milwaukee-Waukesha, WI

Typical home value

$443,039^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.8%
5-year / yr: +5.5%
10-year / yr: +6.4%

Relative price

vs U.S.: +56.0%
vs metro: +7.7%
vs state: +45.2%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 53132 is worth $443,039 — 7.7% above the Milwaukee-Waukesha, WI median. Over the past year, values have risen 3.8%. Homes here rent for a typical $1,826 a month — a 4.9% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,826^[2]
Gross yield: 4.9%^[2]
Cap rate: 3.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.7%^[3]
Typical annual tax: $7,717^[3]

#Climate risk

FEMA National Risk Index ratings for Milwaukee County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Very Low
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively High
Hurricane: Very Low
Tornado: Very High
Earthquake: Relatively Low
Winter weather: Very High

#Who lives here

Population: 35,433^[3]
Median household income: $109,850^[3]

#Migration

Household moves in and out of Milwaukee County over a year, from IRS tax-return data.

Net migration: -1,911^[5]
Moved in: 18,351
Moved out: 20,262

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 8
Elementary: 5
Middle: 1
High: 2

Franklin High
High · Grades 9–12 · Franklin Public School District
1,606 students
Forest Park Middle
Middle · Grades 6–8 · Franklin Public School District
1,074 students
Robinwood Elementary
Elementary · Grades PK–5 · Franklin Public School District
455 students
Country Dale Elementary
Elementary · Grades PK–5 · Franklin Public School District
443 students
Pleasant View Elementary
Elementary · Grades PK–5 · Franklin Public School District
418 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.9%

Net yield (after ~40% expenses)3.0%

Annual rent$21,912

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,240

Loan principal$354,431

Down payment$88,608

Total interest paid$452,057

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.78

Monthly cost to own$3,252

Monthly rent$1,826

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 27th percentile^[1]
Rental yield: 40th percentile^[2]
Property tax: 68th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 53132?: The typical home in 53132 is worth $443,039, based on the Zillow Home Value Index.
Are home values rising in 53132?: Home values in 53132 are up 3.8% over the past year, and up 5.5% a year over five years.
What is the typical rent in 53132?: A typical home in 53132 rents for about $1,826 a month, a gross rental yield of 4.9%.
What is the property tax rate in 53132?: The effective property tax rate in 53132 is 1.7% — roughly $7,717 a year on a typical home.
Who lives in 53132?: ZIP code 53132 has a population of 35,433 and a median household income of $109,850.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

53146 vs 53132 →
New Berlin, WI
Typical home
$445,183
Gross yield
—
53051 vs 53132 →
Menomonee Falls, WI
Typical home
$434,837
Gross yield
—
53022
Germantown, WI
Typical home
$453,781
Gross yield
4.6%
53213
Wauwatosa, WI
Typical home
$431,502
Gross yield
4.8%
53151
New Berlin, WI
Typical home
$454,984
Gross yield
5.0%
53188
Waukesha, WI
Typical home
$428,235
Gross yield
4.3%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 53132 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WI53132

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