The Historic Third Ward sits just south of downtown Milwaukee, bounded by the Milwaukee River, the lakefront and I-794. Its late-19th and early-20th-century brick warehouses have been converted into loft condominiums, apartments, galleries, shops and restaurants, and the neighborhood is anchored by the Milwaukee Public Market, the RiverWalk and a short walk to the Summerfest grounds.
Most homes here are condominiums, from converted lofts to newer mid-rise buildings, so association budgets, reserves, special assessments and rental rules matter as much as the unit itself. Buyers considering a Third Ward condo as an investment, and families settling an estate that includes one, should review those documents early.
Third Ward by the numbers
According to the U.S. Census Bureau’s American Community Survey (2020–2024 5-year estimates), the the Historic Third Ward neighborhood in Milwaukee County has approximately a population of 3,731. For anyone weighing Third Ward real estate, the median value of an owner-occupied home is approximately $439,000, and 31.9% of occupied homes are lived in by their owners. Renters pay a median gross rent of approximately $1,961 a month, a useful benchmark when evaluating a duplex or other investment property here. Median household income is approximately $136,324, and the median age of residents is 39.6. Because the Census does not publish figures for this neighborhood on its own, these numbers combine the census tracts that make it up; medians are weighted averages.
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-Year Estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Homes for sale in Third Ward
| Property type | Active listings | Price range |
|---|---|---|
| Single-family homes | 9 | $339,900 – $699,000 |
| Condominiums | 138 | $107,900 – $2,975,000 |
| Duplexes / two-family | 7 | $340,000 – $649,000 |
| Multi-family | 6 | $519,900 – $7,750,000 |
Listing counts use the MLS city “Milwaukee” in ZIP code 53202, which can include neighboring areas that share the mailing address.
Map of current listings
Official website: historicthirdward.org