Milwaukee, WI 53223

Flip Market Report

Successfully flipping a house depends on a number of different factors including population growth, increasing housing prices and cheap houses for sale. We are analyzing thousands of data points for Milwaukee, WI. If these factors exist, there is a good chance that a successful flip is possible.

By looking at recent sales data in Milwaukee County, we've been able to rank it against its peer counties within Wisconsin. To provide an even fuller picture, we also ranked Wisconsin against all other US states.

Region Rank in # of Flips Rank in Flip Profit
Wisconsin #26th in US
#21st in US
Milwaukee County #1st in WI
#22nd in WI

Number of Flips: We identify house flips as houses that are bought and sold within 12 months excluding forclosures, REOs and multi-parcel sales.

Flip Profit: The profit is the gross margin calculated by subtracting the original purchase price from the new resale price.

53223 Historical Monthly Listing Prices

Latest Median Sale Price

$ 139,900

0.02% YoY Change
Milwaukee Historical Monthly Home Sales

Latest Monthly Sales Count

1,111

List Price /sqft

$100

even from last quarter

Reduced Listings /Month

12

-0.5% from last quarter

Avg. Days on Market

58

0.18% from last year

Average Home Sqft

$1,251

0% from last year

Population Rank

In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Milwaukee County. This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.

Region Population Change YoY Rank
Wisconsin 5,813,568 0.37% #20th in US
Milwaukee County 948,201 -0.25% #1st in WI
53223 29,230 #47th in WI
Home Searches

FlipMarket is the industry standard for providing you the exact data needed to see if flipping a house will be successful. To find properties for sale that may fit your budget and be house flipping candidates, check this list of popular searches.

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    [zip] => 53223
    [city] => Milwaukee
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    [longitude] => -87.9941
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    [dttm] => 2019-09-30
    [postal_code] => 53223
    [zip_name] => milwaukee, wi
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    [RegionID] => 81303
    [RegionName] => 53223
    [State] => WI
    [Metro] => Milwaukee-Waukesha-West Allis
    [County] => Milwaukee County
    [City] => Milwaukee
    [SizeRank] => 315
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    [QoQ] => 0.0139211
    [YoY] => 0.0194401
    [5Year] => 0.0658644
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    [PeakMonth] => 2007-10
    [PeakQuarter] => 2007-Q4
    [PeakZHVI] => 150000
    [PctFallFromPeak] => -0.126
    [LastTimeAtCurrZHVI] => 2005-02
    [flips] => 2945
    [purchase_price] => 104981
    [resale_price] => 181570
    [gross_margin] => 76589
    [flipcount_rank] => 26
    [flipmargin_rank] => 21
    [counties] => 72
    [zip_population] => 29230
    [zip_rank] => 47
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Array
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    [state] => Wisconsin
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    [dma] => 617
    [metro_name] => Milwaukee, WI
    [cbsa_name] => Milwaukee-Waukesha-West Allis, WI
    [county_region_id_zillow] => 2804
    [metro_region_id_zillow] => 394862
    [fips] => 55079
    [cbsa_code] => 33340
    [population_prior] => 950588
    [population] => 948201
    [rank] => 1
    [difference] => -0.251107735
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    [purchase_price] => 63000
    [resale_price] => 125000
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