Department of Numbers

Milwaukee County Wisconsin Residential Rent and Rental Statistics

The median monthly gross residential rent in Milwaukee County WI was $846 in 2017 according to the Census ACS survey.1 Average gross rent in Milwaukee County was $873 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Milwaukee County median and average rent data will be released in September of 2019.

Data is also available below for Milwaukee County rental vacancy rates, Milwaukee County rent as a percent of median income and the fraction of renters in Milwaukee County.

Show dollars as: Nominal Real

Real Gross Rent in Milwaukee County Wisconsin (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Wisconsin Median Gross Rent $819 +0.61% +2.25%
Milwaukee County WI Median Gross Rent $846 -0.12% +1.20%

Milwaukee County WI Real Gross Rent Trends

Median gross rent for Milwaukee County peaked in real terms in 2008 at $858 and is now $12 (1.40%) lower. From a recent low of 793.0 in 2012, real median gross rent has now increased by $53 (6.68%). Average gross rent for Milwaukee County peaked in real terms in 2015 at $885 and is now $12 (1.36%) lower.

Real Gross Rent: Milwaukee County WI Median, Milwaukee County WI Average, Wisconsin Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Milwaukee County

Date US
Median
Wisconsin
Median
Milwaukee County WI
Median
Milwaukee County WI
Average
2017 $1,012 $819 $846 $873
2016 $996 $814 $847 $872
2015 $987 $815 $847 $885
2014 $956 $801 $836 $859
2013 $924 $774 $810 $834
2012 $912 $767 $793 $825
2011 $912 $774 $798 $822
2010 $927 $775 $811 $831
2009 $931 $783 $829 $853
2008 $947 $809 $858 $865
2007 $899 $767 $807 $834
2006 $909 $784 $826 $843

Milwaukee County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Milwaukee County Wisconsin was 6.84% according to Census ACS data.

Rental Vacancy Rate in Milwaukee County Wisconsin

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Wisconsin 5.20% +0.35% +0.56%
Milwaukee County WI 6.84% +1.13% +3.08%

Trends in Milwaukee County WI Rental Vacancy Rate

The rental vacancy rate in Milwaukee County peaked in 2007 at 7.13%. Since then it has fallen by 0.29% to 6.84%. Data records for this series originated in 2005. From a 2011 post peak low of 3.18%, the rental vacancy rate has increased by 3.66%.

Rental Vacancy Rate: Milwaukee County WI, Wisconsin, US

Rental vacancy rate in Wisconsin

Historical Rental Vacancy Rate data for Milwaukee County

Date US Wisconsin Milwaukee County WI
2017 6.18% 5.20% 6.84%
2016 5.89% 4.85% 5.71%
2015 5.85% 4.67% 4.38%
2014 6.32% 4.64% 3.76%
2013 6.49% 5.22% 4.34%
2012 6.77% 5.48% 3.94%
2011 7.40% 5.17% 3.18%
2010 8.17% 6.16% 4.24%
2009 8.43% 5.86% 4.49%
2008 7.86% 6.26% 3.50%
2007 7.87% 6.83% 7.13%
2006 7.70% 7.18% 6.81%

Rent as a Fraction of Income

Using median household income data for Milwaukee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Milwaukee County, median monthly gross rent as a fraction of median household income was 21.33% in 2017 according to the ACS.

Milwaukee County Wisconsin Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Wisconsin 16.57% -0.37% -1.26%
Milwaukee County WI 21.33% +0.31% -1.57%

Trends in Milwaukee County WI Rent as a Fraction of Income

The fraction of median Milwaukee County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.90%. Since then it has fallen by 1.57% to 21.33%.

Fraction of Income towards Rent: Milwaukee County WI, Wisconsin, US

Percent of median household income going towards median monthly gross rent in Milwaukee County Wisconsin

Historical Data for Annual Rent as a Fraction of Income in Milwaukee County Wisconsin

Date US Wisconsin Milwaukee County WI
2017 20.13% 16.57% 21.33%
2016 20.43% 16.94% 21.02%
2015 20.63% 17.08% 21.54%
2014 20.89% 17.83% 22.90%
2013 20.78% 17.67% 22.68%
2012 20.65% 17.46% 21.77%
2011 20.70% 17.60% 22.47%
2010 20.50% 17.51% 22.16%
2009 20.12% 16.99% 21.44%
2008 19.00% 16.22% 19.53%
2007 18.66% 15.97% 19.86%
2006 18.90% 16.19% 20.16%

Renter Fraction in Milwaukee County Wisconsin

You can calculate the renter fraction in Milwaukee County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Milwaukee County as a fraction of total Milwaukee County households. In 2017 50.99% of households were renters according to Census ACS data.

Milwaukee County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Wisconsin 33.39% +0.05% -0.01%
Milwaukee County WI 50.99% +0.42% -0.07%

Trends in the Milwaukee County WI Renter Fraction

The Milwaukee County household renter fraction peaked in in 2015 at 51.75% and is now 0.76% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Milwaukee County WI, Wisconsin, US

Fraction of renters in Milwaukee County

History of Milwaukee County Renter Fraction

Date US Wisconsin Milwaukee County WI
2017 36.13% 33.39% 50.99%
2016 36.88% 33.34% 50.57%
2015 36.97% 33.21% 51.75%
2014 36.90% 33.40% 51.06%
2013 36.50% 32.82% 50.05%
2012 36.09% 32.71% 50.41%
2011 35.42% 32.15% 49.57%
2010 34.65% 31.30% 47.51%
2009 34.13% 31.02% 47.39%
2008 33.36% 29.87% 44.39%
2007 32.80% 29.92% 44.56%
2006 32.73% 29.55% 44.70%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.