ZIP Code Market Report
53233 — Milwaukee, WI
Data through February 2026 · Updated monthly
Avg Home Value
$178,982
▼ 1.6% year-over-year
Month-over-Month
-0.6%
▼ 0.6%
Single Family
$182,543
Condo / Co-op
--
The average home value in the 53233 ZIP code (Milwaukee, Wisconsin) is $178,982 as of February 2026. Home prices are declining, down 1.6% compared to last year.
Looking ahead, Zillow's forecast model projects home values in the 53233 ZIP code will decrease 0.3% over the next 12 months, bringing the projected average to approximately $178,445. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Ozaukee County market area in Wisconsin. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Ozaukee County report.
Free Home Value Estimate
What's your home worth in 53233 (Milwaukee)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
53233 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $183,331 | $180,115 | $178,982 | ▼ 2.4% |
| Single Family Value | $184,520 | $182,561 | $182,543 | ▼ 1.1% |
Home Values
53233 Home Value Trend
Historical home values for ZIP code 53233. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 53233
How different property types compare in this ZIP code.
All Homes
$178,982
Single Family
$182,543
Top Tier
$348,732
Forecast
12-Month Home Value Forecast for 53233
Zillow projects home values in 53233 will decrease 0.3% over the next year, reaching approximately $178,445.
Current Value
$178,982
Projected Change
-0.3%
▼ 0.3%
Projected Value
$178,445
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 53233 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
Investing in Milwaukee?
Run your ARV and MAO instantly with live market data