Fastest-Appreciating ZIP Codes in Milwaukee-Waukesha, WI (2026)

Ranked by 5-year compound annual growth in home values. Fast growth and strong cash flow rarely appear in the same ZIP — this is the other side of that trade.

# 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 53204 Milwaukee, WI $165,636 $1,459 6.87% 9.2%
3 53223 Milwaukee, WI $237,960 $1,745 5.72% 7.9%
4 53224 Milwaukee, WI $248,061 $1,448 4.55% 7.5%
5 53215 Milwaukee, WI $226,714 $1,140 3.92% 7.5%
6 53233 Milwaukee, WI $187,689 $1,101 4.58% 7.4%
7 53103 Vernon, WI $516,329 $1,134 1.71% 7.4%
8 53219 Milwaukee, WI $277,301 $1,268 3.57% 7.3%
9 53214 West Allis, WI $267,839 $1,397 4.07% 7.2%
10 53110 Cudahy, WI $296,465 $1,332 3.51% 7.1%
11 53227 West Allis, WI $303,405 $1,175 3.02% 7.1%
12 53153 Genesee, WI $519,468 $1,188 1.78% 7.0%
13 53221 Milwaukee, WI $298,652 $1,309 3.42% 7.0%
14 53222 Milwaukee, WI $272,576 $1,611 4.61% 6.9%
15 53213 Wauwatosa, WI $442,382 $1,749 3.08% 6.8%
16 53216 Milwaukee, WI $180,127 $1,170 5.07% 6.8%
17 53002 Addison, WI $426,153 $1,026 1.88% 6.8%
18 53118 Ottawa, WI $628,042 $1,368 1.70% 6.8%
19 53119 Eagle, WI $546,985 $1,053 1.50% 6.7%
20 53186 Waukesha, WI $375,394 $1,341 2.79% 6.7%
21 53183 Wales, WI $577,274 $1,539 2.08% 6.7%
22 53188 Waukesha, WI $437,425 $1,610 2.87% 6.7%
23 53207 Milwaukee, WI $315,068 $1,654 4.10% 6.7%
24 53122 Elm Grove, WI $706,474 $3,738 4.13% 6.6%
25 53005 Brookfield, WI $515,086 $2,098 3.18% 6.6%

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 →