ZIP Code Market Report · Updated May 2026
Is 53201 a Buyer's
or Seller's Market?
📍 Milwaukee, Wisconsin · WI
64
🔵 COOLING
Buyer has leverage
31 days avg on market · Tax rate: 2.27%/yr
Mortgage Breakdown — 53201
Median Price$240,000
20% Down$48,000
Loan Amount$192,000
Rate (~6.7%)$1,238/mo P&I
Property Tax$454/mo
Total PITI$1,792/mo
Income Needed$59,733/yr
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
29.0%
of FHA applications denied in Milwaukee-Waukesha-West Allis, WI, 2025 · national 22.1%
FAIRWAY INDEPENDENT MORT CORP
10.9% PENNYMAC LOAN SERVICES LLC
19.7% FREEDOM MORTGAGE CORPORATION
25.0% United Wholesale Mortgage
25.5% A 20.7-point spread between the busiest FHA lenders in this metro.
Loans under $150K denied at 51.9% versus 21.9% above $250K.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
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