ZIP Code 53204 — Milwaukee, WI Home Prices (2026)

The typical home in ZIP 53204 (Milwaukee, Wisconsin) is worth about $166,000 at roughly $221 per square foot — 29% more affordable than the Milwaukee median and 44% more affordable than the typical U.S. home.

$166,000

Typical home value

$221

Price per sq ft

#18 of 20

Milwaukee ZIPs by value

-29%

vs Milwaukee median

How 53204 compares

ZIP 53204 is one of the more affordable ZIP codes in Milwaukee: its typical home value of $166,000 ranks #18 of the 20 Milwaukee ZIP codes we track (the citywide range runs from $97,000 in 53206 to $386,000 in 53203). Per square foot it costs about $221, against $162 for Milwaukee as a whole, $209 for Wisconsin, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 53204	$166,000	$221
Milwaukee, WI	$232,500	$162
Wisconsin	$317,000	$209
United States	$294,000	$195

Home value by size in 53204

Using this ZIP’s rate of about $221 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$221,000
1,500 sq ft	$331,500
2,000 sq ft	$442,000
2,500 sq ft	$552,500
3,000 sq ft	$663,000

Salary needed to buy a home in ZIP 53204

To buy the typical $166,000 home in ZIP 53204 with 20% down, you need a household income of roughly $45,000 a year (about $1,050 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $54,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$8,300	$1,310/mo	$56,000/yr
10% (+PMI)	$16,600	$1,250/mo	$54,000/yr
20%	$33,200	$1,050/mo	$45,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 53204

At about $221 per square foot, here is roughly how much home different budgets get you in ZIP 53204:

Budget	Approx. size	What that looks like locally
$150k	680 sq ft	around the typical home here
$200k	900 sq ft	around the typical home here
$250k	1130 sq ft	above the median — larger homes or the pricier ZIPs
$300k	1360 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 53204 home.

Estimate a specific home in 53204

The estimator below is pre-set to ZIP 53204 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Milwaukee ZIP codes by home value

Where 53204 sits among Milwaukee’s 20 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	53203	$386,000	$355
2	53202	$370,000	$308
3	53207	$315,000	$237
4	53221	$299,000	$209
5	53219	$277,000	$221
6	53222	$273,000	$197
7	53224	$248,000	$168
8	53225	$243,000	$173
9	53208	$240,000	$155
10	53223	$238,000	$150
11	53215	$227,000	$150
12	53212	$218,000	$186
13	53233	$188,000	$127
14	53216	$180,000	$141
15	53210	$172,000	$124
16	53218	$171,000	$149
17	53209	$170,000	$142
18	53204 (this page)	$166,000	$221
19	53205	$158,000	$147
20	53206	$97,000	$80

ZIP 53204 home prices: frequently asked

What is the average home price in ZIP code 53204? +

The typical home in ZIP 53204 (Milwaukee, WI) is worth about $166,000 as of 2026. That is 29% more affordable than the Milwaukee median of $232,500 and 44% more affordable than the U.S. median of $294,000.

What is the price per square foot in 53204? +

About $221 per square foot in 53204, versus $162 across Milwaukee and $209 across Wisconsin. At that rate a 1,500 sq ft home runs roughly $331,500 and a 2,500 sq ft home about $552,500.

What salary do you need to buy a house in ZIP 53204? +

For the typical $166,000 home in ZIP 53204, a household income of about $45,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $54,000; with 5% down about $56,000.

Is 53204 an expensive ZIP code? +

Within Milwaukee, 53204 ranks #18 of 20 ZIP codes by typical home value, which makes it one of the more affordable ZIP codes in Milwaukee. Nationally it is relatively affordable.

See the full Milwaukee home values page, all Wisconsin cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.