How much is a home worth in ZIP code 53216?

The typical home in 53216 is worth $177,110, based on the Zillow Home Value Index.

Are home values rising in 53216?

Home values in 53216 are up 5.4% over the past year, and up 7.1% a year over five years.

What is the typical rent in 53216?

A typical home in 53216 rents for about $1,155 a month, a gross rental yield of 7.8%.

What is the property tax rate in 53216?

The effective property tax rate in 53216 is 1.6% — roughly $2,866 a year on a typical home.

ZIP code 53216 has a population of 30,345 and a median household income of $46,752.

HousingHandbookReference data

…

U.S. ZIP Code · WI53216

Milwaukee County · Milwaukee-Waukesha, WI

Typical home value

$177,110^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.4%
5-year / yr: +7.1%
10-year / yr: +10.3%

Relative price

vs U.S.: -37.7%
vs metro: -56.9%
vs state: -42.0%

Price history

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

The typical home in 53216 is worth $177,110 — 56.9% below the Milwaukee-Waukesha, WI median. Over the past year, values have risen 5.4%. Homes here rent for a typical $1,155 a month — a 7.8% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent: $1,155^[2]
Gross yield: 7.8%^[2]
Cap rate: 4.7%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $2,866^[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: 30,345^[3]
Median household income: $46,752^[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: 0
High: 2

Marshall High
High · Grades 9–12 · Milwaukee School District
692 students
Central City Cyberschool
Other · Grades PK–12 · Central City Cyberschool of Milwaukee Inc
378 students
Carson Academy
Elementary · Grades PK–8 · Milwaukee School District
332 students
Fifty-Third Street Elementary
Elementary · Grades PK–8 · Milwaukee School District
330 students
Dr Howard Fuller Collegiate Academy
High · Grades 9–12 · Dr Howard Fuller Collegiate Academy Inc
312 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 yield7.8%

Net yield (after ~40% expenses)4.7%

Annual rent$13,855

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$896

Loan principal$141,688

Down payment$35,422

Total interest paid$180,716

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 ratio1.11

Monthly cost to own$1,282

Monthly rent$1,155

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: 90th percentile^[1]
Rental yield: 85th percentile^[2]
Property tax: 61st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 53216?: The typical home in 53216 is worth $177,110, based on the Zillow Home Value Index.
Are home values rising in 53216?: Home values in 53216 are up 5.4% over the past year, and up 7.1% a year over five years.
What is the typical rent in 53216?: A typical home in 53216 rents for about $1,155 a month, a gross rental yield of 7.8%.
What is the property tax rate in 53216?: The effective property tax rate in 53216 is 1.6% — roughly $2,866 a year on a typical home.
Who lives in 53216?: ZIP code 53216 has a population of 30,345 and a median household income of $46,752.

#Comparable ZIPs

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

53210 vs 53216 →
Milwaukee, WI
Typical home
$170,562
Gross yield
8.7%
53233 vs 53216 →
Milwaukee, WI
Typical home
$185,253
Gross yield
7.9%
53209
Milwaukee, WI
Typical home
$167,509
Gross yield
9.6%
53204
Milwaukee, WI
Typical home
$167,472
Gross yield
10.1%
53218
Milwaukee, WI
Typical home
$167,300
Gross yield
9.6%
53205
Milwaukee, WI
Typical home
$159,247
Gross yield
12.2%

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Pit ZIP 53216 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · WI53216

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