ZIP 53203 vs ZIP 53202

53203 is one of 36 ZIP codes that lie mostly in Milwaukee County, WI.

Shaded by typical home value, it ranks 9 of the 35 with a value.

1 school location in 53203: 1 high.

In alphabetical order: Tenor High. Locations only — no ratings are shown here.

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.

In October 2013 the typical home in 53203 was worth $219,434.

Values peaked at $399,848 in April 2025. The latest reading is −4.8% from that peak.

As of August 2026: $380,577, −4.4% over twelve months.

Start with the typical home: $380,577. Put 20% down and borrow $304,462 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,108 a month in principal and interest.

The median household here earns $84,005 a year, $7,000 a month. So the payment takes 30.1% 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 17.4% in 2013.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in October 2013 (4.19%) the payment was $858.

In December 2020, with rates at 2.68%, it was $1,010.

By August 2026, at 6.67%, it was $1,958 — +94% since December 2020, while the home's value moved +22%.

Reported values rose +73% since October 2013.

General prices (CPI-U) rose +43% over the same span.

Divide one by the other: in August 2026 dollars, the 2013 home was worth $313,776. So the real change is +21%, not +73%.

53203: +73% since October 2013.

Milwaukee County: +128% since October 2013.

Wisconsin: +116% since October 2013 — 53203 ran behind it by 42 points.

Owning the typical home costs about $2,489 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,486 a month.

Price divided by a year's rent: 21.3. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

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.

Homes sold: about 1 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 2 — so sales ran at 50% of it, and below it in 13 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).

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).

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: 7 in June 2026.

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

County assessor records list 178 properties with a market value here. Their average assessed market value is $526,800; the typical home value is $380,577.

The assessor average sits +38.4% 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: 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.