Interested in purchasing investment houses in the 53205 zip code in Milwaukee, WI?
The zip code 53205 is in Milwaukee county with a latitude of -87.933840000000 and longitude of 43.053430000000, is in the state of Wisconsin. The average asking price of houses and condos is $95,458.00 and the average sale price was $60,703.00. this regions is classified as the Milwaukee metro area and is in the 414 area code. The location in degrees is 43° 3' 12.348" N, 87° 56' 1.824" W. The county F.I.P.S. is 55079. The total land area is 1.4 square miles and the water area is 0.0 square miles. The elevation in this area is 663 - 663 feet. The zip code is on central standard time and observes daylight savings time.
The zip 53205 is in county number 079 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 9,005 in 2019 and 10,050 in 2010. This further breaks down to 3,703 males (41.1%) and 5,302 females (58.9%). The median age of residents is 28.8 years. The population of the greater Milwaukee-Waukesha-West Allis, WI area is 1,560,515. The population density (people per square mile) is 6,374. This zip code has a combined total of 4,097 houses and condos. There are 2,357 rented appartments. 70% of residents rent versus the 70% 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 $23,634 and the average salary is $22,279. The median household income of individuals is $18,914.00 and the average is $28,570.00. This zip code has a mean commute time to work of 23.4 minutes. The unemployment rate is 13.7%. Income earners by percent breakdown as 85.00% (Under $50,000), 12.20% ($50,000-$100,000), and 2.70% earn over $100,000. 42.7% of residents live below poverty line versus the 10.4% in the state that are below this line. The cost of living index is 97.1. The educational breakdown is 75.8% have a high school education or higher, 11.7% have a bachelor's degree or higher, and 3.5% have some kind of profesional degree.
This area has 3,566 households and the average size is 2.6 people. Individuals who are single and have never been married are 61.9%, 19.4% are now married, 2.2% are separated, 4.8% are widowed, and 11.7% are divorced. The average yearly contribution amount given by people to charity was $4,297 versus the state average of $3,370. The percent of residents who gave to charity was 8.5%.
The estimated median value of houses and condos is $85,585. The median monthly owner costs of mortgage holders was $1,081, where as the costs for those who don't have a mortgage are $511. The median number of rooms in houses and condos are 5.7 versus apartments which had a median number of 4.7.
The real estate tax percent rate is 2.3% which equated to an average real estate tax amount payment of $1,949. 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 $2,166. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.0% which amounted to an average tax amount of $1,557. Reported taxable interest for persons was $197, dividends $444, and itemized deductions $16,682. The average earned income tax credit is $2,960. The percent of individuals that use a tax preparer is 40.1%. The total average income taxes paid by individuals was $6,144. Businesses reported an average profit of $8,530.
The Capital Grille
310 W Wisconsin Ave, Milwaukee, WI 53203 (1.3 miles away)
Saz's State House
5539 W State St, Milwaukee, WI 53208 (1.4 miles away)
Fire On Water
518 N Water St, Milwaukee, WI 53202 (2 miles away)
Crazy Water
839 S 2nd St, Milwaukee, WI 53204 (2.6 miles away)
Kitts Frozen Custard
7000 W Capitol Dr, Milwaukee, WI 53216 (3 miles away)
Milwaukee Steakhouse
6024 W Bluemound Rd, Milwaukee, WI 53213 (3.4 miles away)
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