Cap Rate in Milwaukee, WI

2026 Market Overview for Real Estate Investors

Avg Cap Rate

6.7%

#19 of 50 markets

Median Home Price

$175,000

Purchase price

Median Monthly Rent

$1,150

$13,800/yr gross

Rent-to-Price Ratio

0.66%

Moderate

Cap Rate Rating

Good

Strong return relative to market norms. Common in cash-flow-focused markets in the Midwest and South.

Market Snapshot

Population	577,222
5-Year Population Growth	-0.5%
Median Household Income	$42,000
Vacancy Rate	7.5%
Property Tax Rate	2.53%($4,427/yr)

Investor Takeaway

Milwaukee offers affordable entry points near a major metro, but some of the highest property taxes in the nation. Focus on the east side and Bay View for the best rent-to-price dynamics.

Quick Math

Estimated annual numbers for a median-priced property in Milwaukee, WI before financing:

Annual Gross Rent$13,800

Less Vacancy (7.5%)($1,035)

Less Property Tax (2.53%)($4,427)

Less Est. Insurance + Maintenance($3,500)

Estimated NOI$4,838

Implied Cap Rate2.8%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.