ZIP 53202 vs ZIP 53228

53202 is one of 36 ZIP codes that lie mostly in Milwaukee County, WI.

Shaded by typical home value, it ranks 10 of the 35 with a value.

2 school locations in 53202: 2 middle.

In alphabetical order: Cass Street Elementary, Lincoln Middle. Locations only — no ratings are shown here.

53228 is one of 36 ZIP codes that lie mostly in Milwaukee County, WI.

Shaded by typical home value, it ranks 11 of the 35 with a value.

4 school locations in 53228: 1 elementary, 2 middle, 1 high.

In alphabetical order: Alcott Elementary, CORE4, Whitnall High, Whitnall Middle. Locations only — no ratings are shown here.

In February 2000 the typical home in 53202 was worth $151,249.

Values peaked at $372,047 in May 2025. The latest reading is −2.4% from that peak.

As of August 2026: $363,073, −2.0% over twelve months.

Start with the typical home: $363,073. Put 20% down and borrow $290,458 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,011 a month in principal and interest.

The median household here earns $68,482 a year, $5,707 a month. So the payment takes 35.2% of income — rated “stretched” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 14.7% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in February 2000 (8.33%) the payment was $915.

In December 2020, with rates at 2.68%, it was $972.

By August 2026, at 6.67%, it was $1,868 — +92% since December 2020, while the home's value moved +21%.

Reported values rose +140% since February 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $297,276. So the real change is +22%, not +140%.

53202: +140% since February 2000.

Milwaukee County: +181% since February 2000.

Wisconsin: +178% since February 2000 — 53202 ran behind it by 38 points.

Owning the typical home costs about $2,374 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,907 a month.

Price divided by a year's rent: 15.9. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 53228 was worth $140,584.

Values peaked at $362,734 in August 2026. The latest reading is the peak.

As of August 2026: $362,734, +4.6% over twelve months.

Start with the typical home: $362,734. Put 20% down and borrow $290,187 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,009 a month in principal and interest.

The median household here earns $75,288 a year, $6,274 a month. So the payment takes 32.0% of income — rated “stretched” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 12.4% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $842.

In December 2020, with rates at 2.68%, it was $837.

By August 2026, at 6.67%, it was $1,866 — +123% since December 2020, while the home's value moved +40%.

Reported values rose +158% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $277,457. So the real change is +31%, not +158%.

53228: +158% since January 2000.

Milwaukee County: +181% since January 2000.

Wisconsin: +178% since January 2000 — 53228 ran behind it by 20 points.

Owning the typical home costs about $2,372 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,400 a month.

Price divided by a year's rent: 21.6. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 55 a month (Redfin, 3-month rolling data through August 2026). That is 114% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 154.

Going out — closed sales: about 37 a month. That is 76% of the 2015–2019 level for the same months. The drain is drawn 32% narrower: the share of homes for sale that sell each month is 68% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 4.2 months of supply — inside the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 18 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 37 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 35 — so sales ran at 106% of it, and below it in 20 of the last 24 months.

Across Milwaukee County, builders pulled permits for 1,046 new homes in 2025.

Of those, 18% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Homes sold: about 13 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 15 — so sales ran at 87% of it, and below it in 14 of the last 24 months.

Across Milwaukee County, builders pulled permits for 1,046 new homes in 2025.

Of those, 18% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Milwaukee County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 8,495 moved in. Among the ten receiving the most, 10,162 moved out.

Net across those counties: −1,667 households. Beside it, homes for sale in this ZIP: 154 in June 2026.

Most arrivals came from Waukesha, WI (3,292 households); most departures went to Waukesha, WI (4,553).

County assessor records list 4,851 properties with a market value here. Their average assessed market value is $368,700; the typical home value is $363,073.

The assessor average sits +1.5% from the market figure — an average against a typical value, so treat it as a check, not a verdict.

This ZIP sits in Milwaukee County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 8,495 moved in. Among the ten receiving the most, 10,162 moved out.

Net across those counties: −1,667 households. Beside it, homes for sale in this ZIP: 20 in June 2026.

Most arrivals came from Waukesha, WI (3,292 households); most departures went to Waukesha, WI (4,553).

County assessor records list 4,366 properties with a market value here. Their average assessed market value is $314,500; the typical home value is $362,734.

The assessor average sits −13.3% from the market figure — an average against a typical value, so treat it as a check, not a verdict.