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Milwaukee County, WI

RANK #293 / 996  ·  POP 933,063  ·  WI

PROJECTED GROWTH: +1.6%

Milwaukee County combines solid growth with real affordability — a rare combination.

[01] Why Milwaukee County?

Milwaukee County, Wisconsin, is often recognized for its brewing heritage and as the home of Summerfest, one of the world's largest music festivals. Located on the western shore of Lake Michigan, it is the most populous county in Wisconsin, encompassing 19 municipalities, including the city of Milwaukee. Commuting within the county is facilitated by major interstates, an extensive bus system, and a downtown streetcar. The community offers a blend of urban, suburban, and even some rural living, with lakefront parks and trails providing outdoor recreation opportunities like hiking, biking, and golfing.

Life in Milwaukee County offers a range of experiences, from urban centers to family-friendly suburbs like Whitefish Bay and Wauwatosa, known for their schools. The public school system includes Milwaukee Public Schools, the largest district in the state, alongside numerous other districts. The economy, while experiencing some recent shifts in employment, is driven by sectors such as education and health services, manufacturing, and construction. There is also a focus on workforce development and increasing affordable housing to support community needs.

[02] Market Snapshot

Housing Ratio
3.0x

Undervalued relative to economy

GDP Growth
+1.8%

Below national median

Home Prices
+3.7%

Outpacing national median

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.0x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Milwaukee County U.S. National

The Numbers

DEMOGRAPHICS
Population
933,063
-0.65% YoY
Median Household Income
$59,319
Median Home Value
$200,000
+3.68% 12mo
Median Rent
$1,012
Average Annual Pay
$69,142
+4.4% YoY
Employment
469,055
+0.4% YoY
Income-to-Home-Value
0.2966
More affordable than average
Migration Inflow
1.88%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$262,500
Days on Market
49
Moderate pace
Months of Supply
2.8
Seller's market
Sale-to-List Ratio
99.6%
Near asking price
Sold Above List
42.6%
Listings w/ Price Drops
16.6%
Building Permits (2024)
1,005
Single-Family Permits
189

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$2,196M
TOTAL
PROJECT AMOUNT STATUS
South Oak Creek CT Project (Natural Gas Plant)
Wisconsin Electric Power Company (WEPCO)
$1,100M Approved
Oak Creek LNG Facility
Wisconsin Electric Power Company (WE-GO)
$456M Proposed
American Pharaoh BESS (Battery Storage System)
Black Mountain Energy Storage
$300M Approved
Nature & Culture Museum of Wisconsin
N/A
$240M Under Construction
South Shore Cruise Dock at Port Milwaukee
Port Milwaukee
$50M Under Construction
I-94 East-West Corridor (70th Street to 16th Street)
Wisconsin Department of Transportation
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.8% 30 percentile
Population Growth -0.7% 8 percentile
Income Growth +8.3% 42 percentile
Vacancy Rate 1.7% 15 percentile
Home Price Change +3.7% 78 percentile
Rent Growth +3.3% 56 percentile
Price/Rent 11x 76 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Milwaukee County, WI a good place to move to?

Milwaukee County has a Boom Town Index score of 71/100, ranking #293 among 996 U.S. counties. With job growth at +0.4% and a median household income of $59,319, it's an above-average county on economic indicators.

Is Milwaukee County affordable?

The median home value in Milwaukee County is $200,000 with median rent at $1,012/month. The income-to-home-value ratio is 0.2966, which is more affordable than the national average.

Is Milwaukee County growing or shrinking?

Population growth: -0.7% year-over-year. Job growth: +0.4%. Home values changed +3.7% in the past 12 months.

[08] Similar Metros

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