Interested in purchasing investment houses in the 53216 zip code in Milwaukee, WI?
The zip code 53216 is in Milwaukee county with a latitude of -87.976410000000 and longitude of 43.086350000000, is in the state of Wisconsin. The average asking price of houses and condos is $73,272.00 and the average sale price was $55,871.00. this regions is classified as the Milwaukee metro area and is in the 414 area code. The location in degrees is 43° 5' 10.86" N, 87° 58' 35.076" W. The county F.I.P.S. is 55079. The total land area is 4.6 square miles and the water area is 0.0 square miles. The elevation in this area is 679 - 705 feet. The zip code is on central standard time and observes daylight savings time.
The zip 53216 is in county number 079 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 33,949 in 2019 and 32,264 in 2010. This further breaks down to 15,833 males (46.6%) and 18,115 females (53.4%). The median age of residents is 35.4 years. The population of the greater Milwaukee-Waukesha-West Allis, WI area is 1,560,515. The population density (people per square mile) is 7,319. This zip code has a combined total of 14,741 houses and condos. There are 7,235 rented appartments. 54% of residents rent versus the 54% 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 $31,919 and the average salary is $28,923. The median household income of individuals is $39,313.00 and the average is $35,130.00. This zip code has a mean commute time to work of 25.2 minutes. The unemployment rate is 6.8%. Income earners by percent breakdown as 61.80% (Under $50,000), 29.20% ($50,000-$100,000), and 8.90% earn over $100,000. 22.4% of residents live below poverty line versus the 10.4% in the state that are below this line. The cost of living index is 96.7. The educational breakdown is 85.8% have a high school education or higher, 19.4% have a bachelor's degree or higher, and 6.9% have some kind of profesional degree.
This area has 12,529 households and the average size is 2.5 people. Individuals who are single and have never been married are 53.2%, 29.4% are now married, 2.4% are separated, 5.0% are widowed, and 10.1% are divorced. The average yearly contribution amount given by people to charity was $4,004 versus the state average of $3,370. The percent of residents who gave to charity was 17.9%.
The estimated median value of houses and condos is $97,527. The median monthly owner costs of mortgage holders was $1,176, where as the costs for those who don't have a mortgage are $477. The median number of rooms in houses and condos are 5.9 versus apartments which had a median number of 4.8.
The real estate tax percent rate is 2.6% which equated to an average real estate tax amount payment of $2,499. 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 2.4% which amounted to an average tax amount of $2,510. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.8% which amounted to an average tax amount of $2,484. Reported taxable interest for persons was $382, dividends $1,810, capital gains +$5,155, and itemized deductions $16,383. The average earned income tax credit is $2,746. The percent of individuals that use a tax preparer is 42.3%. The total average income taxes paid by individuals was $6,298. Businesses reported an average profit of $7,582.
Kitts Frozen Custard
7000 W Capitol Dr, Milwaukee, WI 53216
Saz's State House
5539 W State St, Milwaukee, WI 53208 (2.6 miles away)
Red Lobster
2801 N Mayfair Rd, Wauwatosa, WI 53222 (2.7 miles away)
Milwaukee Steakhouse
6024 W Bluemound Rd, Milwaukee, WI 53213 (2.9 miles away)
Athens Family Restaurant
5547 N Lovers Lane Rd, Milwaukee, WI 53225 (3.7 miles away)
McCormick & Schmick's Seafood Restaurant
2550 N Mayfair Rd, Milwaukee, WI 53226 (4.2 miles away)