How much is a home worth in ZIP code 53215?

The typical home in 53215 is worth $222,456, based on the Zillow Home Value Index.

Are home values rising in 53215?

Home values in 53215 are up 2.6% over the past year, and up 7.4% a year over five years.

What is the typical rent in 53215?

A typical home in 53215 rents for about $989 a month, a gross rental yield of 5.3%.

What is the property tax rate in 53215?

The effective property tax rate in 53215 is 1.9% — roughly $4,228 a year on a typical home.

ZIP code 53215 has a population of 58,146 and a median household income of $54,289.

HousingHandbookReference data

…

U.S. ZIP Code · WI53215

Milwaukee County · Milwaukee-Waukesha, WI

Typical home value

$222,456^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.6%
5-year / yr: +7.4%
10-year / yr: +9.8%

Relative price

vs U.S.: -21.7%
vs metro: -45.9%
vs state: -27.1%

Price history

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

The typical home in 53215 is worth $222,456 — 45.9% below the Milwaukee-Waukesha, WI median. Over the past year, values have risen 2.6%. Homes here rent for a typical $989 a month — a 5.3% gross rental yield. The effective property tax rate is 1.9%.

#Rent & investment

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

Monthly rent: $989^[2]
Gross yield: 5.3%^[2]
Cap rate: 3.2%^[2]

#Property tax

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

Effective tax rate: 1.9%^[3]
Typical annual tax: $4,228^[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: 58,146^[3]
Median household income: $54,289^[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: 21
Elementary: 11
Middle: 2
High: 8

Pulaski High
High · Grades 9–12 · Milwaukee School District
945 students
Carmen Hi Southeast Campus
High · Grades 9–12 · Milwaukee School District
676 students
ALBA - Academia de Lenguaje y Bellas Artes
Elementary · Grades PK–8 · Milwaukee School District
620 students
U S Grant School
Elementary · Grades PK–8 · Milwaukee School District
582 students
Greenfield Bilingual
Elementary · Grades PK–8 · Milwaukee School District
555 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 yield5.3%

Net yield (after ~40% expenses)3.2%

Annual rent$11,865

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$1,125

Loan principal$177,965

Down payment$44,491

Total interest paid$226,984

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 ratio1.68

Monthly cost to own$1,662

Monthly rent$989

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: 96th percentile^[1]
Rental yield: 52nd percentile^[2]
Property tax: 91st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

1st for most populous in WIView list →

Frequently asked

How much is a home worth in ZIP code 53215?: The typical home in 53215 is worth $222,456, based on the Zillow Home Value Index.
Are home values rising in 53215?: Home values in 53215 are up 2.6% over the past year, and up 7.4% a year over five years.
What is the typical rent in 53215?: A typical home in 53215 rents for about $989 a month, a gross rental yield of 5.3%.
What is the property tax rate in 53215?: The effective property tax rate in 53215 is 1.9% — roughly $4,228 a year on a typical home.
Who lives in 53215?: ZIP code 53215 has a population of 58,146 and a median household income of $54,289.

#Comparable ZIPs

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

53212 vs 53215 →
Milwaukee, WI
Typical home
$221,007
Gross yield
7.0%
53223 vs 53215 →
Milwaukee, WI
Typical home
$231,153
Gross yield
7.8%
53208
Milwaukee, WI
Typical home
$236,227
Gross yield
6.2%
53225
Milwaukee, WI
Typical home
$238,163
Gross yield
6.2%
53224
Milwaukee, WI
Typical home
$240,315
Gross yield
7.1%
53233
Milwaukee, WI
Typical home
$185,253
Gross yield
7.9%

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Pit ZIP 53215 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WI53215

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