United States · North America · Population: 580,000
Milwaukee is relatively affordable for homebuyers, with rapidly rising prices driven by strong demand. The city has moderate rental prices. At $180,000 average home price in United States, buyers should consider the 2.8x price-to-income ratio when planning a purchase.
| Average Home Price | $180,000 |
| Price per sqm | $2,000 |
| Price-to-Income Ratio | 2.8x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | +5.8% |
| 1-Bedroom Apartment | $1,000/mo |
| 3-Bedroom Apartment | $1,500/mo |
| Rent-to-Income Ratio | 16% |
| Median Household Income | $64,000/year |
| Years to Buy (at median income) | 2.8 years |
| Local Currency | USD |
With a price-to-income ratio of 2.8x, Milwaukee offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 5.8% in the past year.
Cities worldwide with home prices closest to Milwaukee
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