Interested in purchasing investment houses in the 53218 zip code in Milwaukee, WI?
The zip code 53218 is in Milwaukee county with a latitude of -87.993030000000 and longitude of 43.114680000000, is in the state of Wisconsin. The average asking price of houses and condos is $68,547.00 and the average sale price was $51,258.00. this regions is classified as the Milwaukee metro area and is in the 414 area code. The location in degrees is 43° 6' 52.848" N, 87° 59' 34.908" W. The county F.I.P.S. is 55079. The total land area is 5.9 square miles and the water area is 0.0 square miles. The elevation in this area is 686 - 725 feet. The zip code is on central standard time and observes daylight savings time.
The zip 53218 is in county number 079 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 42,431 in 2019 and 40,625 in 2010. This further breaks down to 19,179 males (45.2%) and 23,253 females (54.8%). The median age of residents is 28.9 years. The population of the greater Milwaukee-Waukesha-West Allis, WI area is 1,560,515. The population density (people per square mile) is 7,226. This zip code has a combined total of 15,568 houses and condos. There are 8,049 rented appartments. 57% of residents rent versus the 57% 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 $28,509 and the average salary is $26,851. The median household income of individuals is $39,715.00 and the average is $31,870.00. This zip code has a mean commute time to work of 23.7 minutes. The unemployment rate is 9.3%. Income earners by percent breakdown as 62.30% (Under $50,000), 30.10% ($50,000-$100,000), and 7.60% earn over $100,000. 26.8% of residents live below poverty line versus the 10.4% in the state that are below this line. The cost of living index is 96.5. The educational breakdown is 83.8% have a high school education or higher, 13.7% have a bachelor's degree or higher, and 4.6% have some kind of profesional degree.
This area has 14,092 households and the average size is 3.0 people. Individuals who are single and have never been married are 55.9%, 28.4% are now married, 2.4% are separated, 4.2% are widowed, and 9.0% are divorced. The average yearly contribution amount given by people to charity was $3,233 versus the state average of $3,370. The percent of residents who gave to charity was 14.3%.
The estimated median value of houses and condos is $89,897. The median monthly owner costs of mortgage holders was $1,153, where as the costs for those who don't have a mortgage are $470. The median number of rooms in houses and condos are 5.5 versus apartments which had a median number of 4.8.
The real estate tax percent rate is 2.5% which equated to an average real estate tax amount payment of $2,262. 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 2.5% which amounted to an average tax amount of $2,300. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.5% which amounted to an average tax amount of $2,185. Reported taxable interest for persons was $392, dividends $1,168, capital gains +$816, and itemized deductions $14,415. The average earned income tax credit is $2,899. The percent of individuals that use a tax preparer is 43.7%. The total average income taxes paid by individuals was $5,472. Businesses reported an average profit of $7,215.
Kitts Frozen Custard
7000 W Capitol Dr, Milwaukee, WI 53216 (2.1 miles away)
Athens Family Restaurant
5547 N Lovers Lane Rd, Milwaukee, WI 53225 (2.1 miles away)
Red Lobster
2801 N Mayfair Rd, Wauwatosa, WI 53222 (2.7 miles away)
J & J Fish & Chicken
6610 N 76th St, Milwaukee, WI 53223 (3.5 miles away)
Bottoms Up Tavern
12504 W Hampton Ave, Butler, WI 53007 (4 miles away)
Milwaukee Steakhouse
6024 W Bluemound Rd, Milwaukee, WI 53213 (4.4 miles away)