ZIP Code · WI

ZIP 53224

Part of Milwaukee, WI

Pop. 21,223·Milwaukee County·57th most expensive ZIP in Wisconsin

Median rent (all units)

$1,398/mo

Year-over-Year

+4.6%

Month-over-Month

+0.4%

vs US Median

-$534

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 53224 · $1,398

More affordable than 80% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,070

1 BR

$1,170

2 BR

$1,400

3 BR

$1,720

4 BR+

$1,870

Research median

$1,400/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Wisconsin

Rent in ZIP 53224 changed +4.6% over the year to September 2026. Across the 71 Wisconsin ZIP codes Zillow tracks, the typical change was +5.6%.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($67,803) is $1,695 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,400); a 3-bedroom is $1,720.

Rank in Milwaukee

11th cheapest of 19 ZIP codes in Milwaukee.

Cheaper nearby

ZIP 53225, 3 miles away, rents for 12% less ($1,230/mo), about $2,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 53224. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,776/yr

At $1,398/mo median

Location

CityMilwaukee

StateWI

CountyMilwaukee County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.6% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 53224 (Milwaukee, WI) is roughly split between renters and owners, has a large share of families with children, 27.5% of residents hold a bachelor's degree or higher.

Population

21,223

Median income

$67,803

Median age

29.6

Renters

49.7%

Age distribution

35.3%

23.7%

23.2%

Under 1835.3%

18–3423.7%

35–5423.2%

55–649%

65+8.9%

Gender

44.9%

55.1%

Male44.9%

Female55.1%

Race & ethnicity

22.5%

54.8%

White22.5%

Black54.8%

Hispanic7.9%

Asian11.6%

Other3.2%

Education (25+)

37.8%

26.9%

27.5%

No HS diploma7.8%

HS diploma37.8%

Some college26.9%

Bachelor's+27.5%

Housing tenure

50.3%

49.7%

Owner50.3%

Renter49.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 53224 in Milwaukee, WI has changed in 5 years

Income

$59,724 → $67,803

up 13.5%

Population

20,989 → 21,223

up 1.1%

Renter share

51.5% → 49.7%

-1.8 pts

Bachelor's+

25.9% → 27.5%

+1.6 pts

Median age

29 → 29.6

+0.6 yrs

Local incomes tracked alongside that move, going from a median of $59,724 in 2021 to $67,803 more recently. Census counts show ZIP 53224 in Milwaukee, WI adding about 234 residents over the five-year window, up 1.1% on net. The renter share has eased from 51.5% to 49.7%, with owner-occupied housing accounting for the remainder.

Community

Discussions about ZIP 53224

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Local insights

Tips for renters in ZIP 53224

About renting in ZIP 53224

Last updated: October 17, 2026

ZIP code 53224 covers Milwaukee, WI. The median rent here is $1,398/mo as of October 2026. A 1-bedroom rents for a median of $1,170/mo. A 2-bedroom rents for a median of $1,400/mo.

At 25% of local median household income ($67,803/yr), ZIP 53224 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 53224?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (about $27/hour full-time) to afford the median rent of $1,398/mo in ZIP 53224. The local median household income is $67,803/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 53224?

Rent in ZIP 53224 has risen 4.6% over the past year.

How does ZIP 53224 compare to other ZIPs in Wisconsin?

ZIP 53224 is in the middle among Wisconsin ZIP codes for rent, ranking #57 of 103 at $1,398/mo. Over the year to September 2026, rent in ZIP 53224 changed +4.6%, against a typical +5.6% across the 71 Wisconsin ZIP codes Zillow tracks.