Neighborhood info Milwaukee Zip Code: 53215

[William S.]

I've been looking at some rental properties in 53215 area. On spotcrime I've noticed a few shootings which scares me. If I see a few assaults that's one thing for me, but shootings is another. Can I get some feedback from the local Milwaukee investors on this area? I've found a good property, but do not want to invest in a dangerous part of town.

Current Thoughts:

I'm located in Milwaukee looking for my first rental property. It has been a struggle to get the numbers to work due to property taxes. In addition, the crime seems high.

I'm originally from Kansas City, and have considered investing there. The numbers work much better. Low taxes, lower crime, but out of state for me.

My Strategy:

Buy and hold rental properties

Thanks!

[Darren Budahn]

53215 is a southside working class area.  There will certainly be some crime in these areas but there are much worse areas in the city.  There can also be very big difference within the zip code itself.  

For instance, 38th & Oklahoma is a completely different neighborhood compared to 15th & Becher, yet both properties would be in 53215. In the former, you could pay $150,000 for a move in ready SFR, where you could pay $50,000 for move in ready SFR in the latter. As a general guideline anything south of Oklahoma Ave will be in an area of less crime and higher prices. The further north you go in the zip code, the neighborhoods are not as good. Once you get west of 27th St. and particularly west of 35th St., the neighborhoods are marginally better. These are very general guidelines.

 I would suggest giving an address or cross streets if you want to get a more precise answer.