Interested in purchasing investment houses in the 53206 zip code in Milwaukee, WI?
The zip code 53206 is in Milwaukee county with a latitude of -87.933710000000 and longitude of 43.075110000000, is in the state of Wisconsin. The average asking price of houses and condos is $36,455.00 and the average sale price was $35,336.00. this regions is classified as the Milwaukee metro area and is in the 414 area code. The location in degrees is 43° 4' 30.396" N, 87° 56' 1.356" W. The county F.I.P.S. is 55079. The total land area is 2.7 square miles and the water area is 0.0 square miles. The elevation in this area is 696 - 696 feet. The zip code is on central standard time and observes daylight savings time.
The zip 53206 is in county number 079 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 22,765 in 2019 and 28,210 in 2010. This further breaks down to 10,813 males (47.5%) and 11,951 females (52.5%). The median age of residents is 31.8 years. The population of the greater Milwaukee-Waukesha-West Allis, WI area is 1,560,515. The population density (people per square mile) is 8,457. This zip code has a combined total of 10,987 houses and condos. There are 5,387 rented appartments. 67% of residents rent versus the 67% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $20,501 and the average salary is $19,122. The median household income of individuals is $24,904.00 and the average is $23,700.00. This zip code has a mean commute time to work of 27.2 minutes. The unemployment rate is 12.7%. Income earners by percent breakdown as 79.20% (Under $50,000), 16.40% ($50,000-$100,000), and 4.30% earn over $100,000. 35.7% of residents live below poverty line versus the 10.4% in the state that are below this line. The cost of living index is 95.9. The educational breakdown is 76.1% have a high school education or higher, 7.2% have a bachelor's degree or higher, and 1.7% have some kind of profesional degree.
This area has 9,432 households and the average size is 2.8 people. Individuals who are single and have never been married are 62.7%, 16.8% are now married, 2.8% are separated, 6.5% are widowed, and 11.1% are divorced. The average yearly contribution amount given by people to charity was $4,751 versus the state average of $3,370. The percent of residents who gave to charity was 5.5%.
The estimated median value of houses and condos is $50,754. The median monthly owner costs of mortgage holders was $903, where as the costs for those who don't have a mortgage are $402. The median number of rooms in houses and condos are 6.4 versus apartments which had a median number of 5.1.
The real estate tax percent rate is 2.5% which equated to an average real estate tax amount payment of $1,250. In comparision, the average real estate tax percent rate in the state is 1.7% which equated to an average real estate tax amount payment in the state of $3,320. The median housing property tax percent for residents with mortgages was 2.3% which amounted to an average tax amount of $1,459. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.4% which amounted to an average tax amount of $1,080. Reported taxable interest for persons was $245, dividends $796, capital gains +$450, and itemized deductions $14,789. The average earned income tax credit is $3,115. The percent of individuals that use a tax preparer is 40.6%. The total average income taxes paid by individuals was $4,523. Businesses reported an average profit of $9,934.
Kitts Frozen Custard
7000 W Capitol Dr, Milwaukee, WI 53216 (2.1 miles away)
Saz's State House
5539 W State St, Milwaukee, WI 53208 (2.3 miles away)
Fire On Water
518 N Water St, Milwaukee, WI 53202 (2.6 miles away)
The Capital Grille
310 W Wisconsin Ave, Milwaukee, WI 53203 (2.6 miles away)
Milwaukee Steakhouse
6024 W Bluemound Rd, Milwaukee, WI 53213 (3.8 miles away)
Crazy Water
839 S 2nd St, Milwaukee, WI 53204 (4.1 miles away)