Most Affordable ZIP Codes in Milwaukee-Waukesha, WI (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 53206 1% rule | Milwaukee, WI | $96,525 | $1,014 | 8.19% | 10.8% |
| 2 | 53205 | Milwaukee, WI | $157,513 | $1,543 | 7.64% | 6.4% |
| 3 | 53204 | Milwaukee, WI | $165,636 | $1,459 | 6.87% | 9.2% |
| 4 | 53209 | Milwaukee, WI | $169,884 | $1,444 | 6.63% | 5.2% |
| 5 | 53218 | Milwaukee, WI | $170,935 | $1,368 | 6.24% | 6.5% |
| 6 | 53210 | Milwaukee, WI | $172,030 | $1,248 | 5.66% | 3.6% |
| 7 | 53216 | Milwaukee, WI | $180,127 | $1,170 | 5.07% | 6.8% |
| 8 | 53233 | Milwaukee, WI | $187,689 | $1,101 | 4.58% | 7.4% |
| 9 | 53212 | Milwaukee, WI | $217,764 | $1,231 | 4.41% | 5.5% |
| 10 | 53215 | Milwaukee, WI | $226,714 | $1,140 | 3.92% | 7.5% |
| 11 | 53223 | Milwaukee, WI | $237,960 | $1,745 | 5.72% | 7.9% |
| 12 | 53208 | Milwaukee, WI | $240,135 | $1,376 | 4.47% | 5.7% |
| 13 | 53225 | Milwaukee, WI | $242,897 | $1,208 | 3.88% | 6.4% |
| 14 | 53224 | Milwaukee, WI | $248,061 | $1,448 | 4.55% | 7.5% |
| 15 | 53214 | West Allis, WI | $267,839 | $1,397 | 4.07% | 7.2% |
| 16 | 53222 | Milwaukee, WI | $272,576 | $1,611 | 4.61% | 6.9% |
| 17 | 53219 | Milwaukee, WI | $277,301 | $1,268 | 3.57% | 7.3% |
| 18 | 53235 | Saint Francis, WI | $292,977 | $1,643 | 4.37% | 4.5% |
| 19 | 53110 | Cudahy, WI | $296,465 | $1,332 | 3.51% | 7.1% |
| 20 | 53221 | Milwaukee, WI | $298,652 | $1,309 | 3.42% | 7.0% |
| 21 | 53227 | West Allis, WI | $303,405 | $1,175 | 3.02% | 7.1% |
| 22 | 53220 | Greenfield, WI | $307,642 | $1,180 | 2.99% | 6.6% |
| 23 | 53007 | Butler, WI | $309,084 | $1,071 | 2.70% | 5.8% |
| 24 | 53172 | South Milwaukee, WI | $314,995 | $1,154 | 2.86% | 5.5% |
| 25 | 53207 | Milwaukee, WI | $315,068 | $1,654 | 4.10% | 6.7% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Milwaukee-Waukesha, WI · Appreciation in Milwaukee-Waukesha, WI
Or see the full Milwaukee-Waukesha, WI metro profile.