Home Insurance in Milwaukee, Wisconsin
The median home value in Milwaukee is $184,000, 20% lower than the Milwaukee County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Milwaukee was built around 1953. About 64% of homes were built before 1960, about 8 points above Milwaukee County's 56%.
In Milwaukee, the housing stock is 43% single-family homes and 27% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Milwaukee, about 65% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Milwaukee has an owner-occupancy rate of 42% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
78% of homes in Milwaukee are primarily heated with natural gas.
FEMA rates Milwaukee County's overall risk as Relatively High, led by tornado (Very High). Milwaukee County had 1,390 active NFIP flood policies as of September 2026. See the full Milwaukee County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Wisconsin carries a statewide average premium of $923 per year.
Key figures
| Median home value | $184,000 |
|---|---|
| Median year built | 1953 |
| Owner-occupied share | 42% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Milwaukee County | 1,390 |
| Home insurance premium | $923 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)