How much is a home worth in ZIP code 53206?

The typical home in 53206 is worth $96,208, based on the Zillow Home Value Index.

Are home values rising in 53206?

Home values in 53206 are up 13.5% over the past year, and up 12.0% a year over five years.

What is the typical rent in 53206?

A typical home in 53206 rents for about $937 a month, a gross rental yield of 11.7%.

What is the property tax rate in 53206?

The effective property tax rate in 53206 is 1.8% — roughly $1,707 a year on a typical home.

ZIP code 53206 has a population of 19,887 and a median household income of $29,336.

HousingHandbookReference data

…

U.S. ZIP Code · WI53206

Milwaukee County · Milwaukee-Waukesha, WI

Typical home value

$96,208^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +13.5%
5-year / yr: +12.0%
10-year / yr: +15.6%

Relative price

vs U.S.: -66.1%
vs metro: -76.6%
vs state: -68.5%

Price history

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

The typical home in 53206 is worth $96,208 — 76.6% below the Milwaukee-Waukesha, WI median. Over the past year, values have risen 13.5%. Homes here rent for a typical $937 a month — a 11.7% gross rental yield. The effective property tax rate is 1.8%.

#Rent & investment

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

Monthly rent: $937^[2]
Gross yield: 11.7%^[2]
Cap rate: 7.0%^[2]

#Property tax

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

Effective tax rate: 1.8%^[3]
Typical annual tax: $1,707^[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: 19,887^[3]
Median household income: $29,336^[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: 10
Elementary: 6
Middle: 1
High: 2

North Division High
High · Grades 9–12 · Milwaukee School District
389 students
Franklin Elementary
Elementary · Grades PK–8 · Milwaukee School District
344 students
LaFollette Elementary
Elementary · Grades PK–8 · Milwaukee School District
218 students
Jackson Elementary
Elementary · Grades PK–5 · Milwaukee School District
216 students
Auer Avenue Elementary
Elementary · Grades PK–5 · Milwaukee School District
187 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 yield11.7%

Net yield (after ~40% expenses)7.0%

Annual rent$11,247

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$486

Loan principal$76,967

Down payment$19,242

Total interest paid$98,167

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 ratio0.76

Monthly cost to own$709

Monthly rent$937

Owning 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: 100th percentile^[1]
Rental yield: 98th percentile^[2]
Property tax: 73rd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 53206?: The typical home in 53206 is worth $96,208, based on the Zillow Home Value Index.
Are home values rising in 53206?: Home values in 53206 are up 13.5% over the past year, and up 12.0% a year over five years.
What is the typical rent in 53206?: A typical home in 53206 rents for about $937 a month, a gross rental yield of 11.7%.
What is the property tax rate in 53206?: The effective property tax rate in 53206 is 1.8% — roughly $1,707 a year on a typical home.
Who lives in 53206?: ZIP code 53206 has a population of 19,887 and a median household income of $29,336.

#Comparable ZIPs

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

53205 vs 53206 →
Milwaukee, WI
Typical home
$159,247
Gross yield
12.2%
53218 vs 53206 →
Milwaukee, WI
Typical home
$167,300
Gross yield
9.6%
53204
Milwaukee, WI
Typical home
$167,472
Gross yield
10.1%
53209
Milwaukee, WI
Typical home
$167,509
Gross yield
9.6%
53210
Milwaukee, WI
Typical home
$170,562
Gross yield
8.7%
53216
Milwaukee, WI
Typical home
$177,110
Gross yield
7.8%

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Pit ZIP 53206 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WI53206

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