City in Milwaukee County, Wisconsin. Data-backed housing guide by Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®. Figures as of 2026-07-03.
| Typical home value | $334,170 |
|---|---|
| 1-year change | +5.7% |
| 5-year change | +31.7% |
| Typical rent | not published |
The typical home in Greenfield, Wisconsin is worth about $334,170 as of 2026-07-03, up 5.7% over the past year and up 31.7% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
Greenfield is really two price points in one city. ZIP 53228 carries a typical home value of $357,490. ZIP 53220 sits at $300,215. That is a $57,275 spread inside the same municipal boundary — one of the widest ZIP gaps you will find in a Milwaukee County suburb of this size.
Citywide, the typical home value is $334,170 as of April 30, 2026. Values rose 5.7% over the past year and 31.7% over five years. Greenfield ranks 12th of 19 Milwaukee County municipalities by typical value, which places it squarely in the middle of the county's price ladder.
Against the broader region, Greenfield is a discount. The seven-county Southeast Wisconsin median is $455,834 — about $121,664 above Greenfield's typical value. The Milwaukee County median of $394,258 is $60,088 above it.
The 5.7% one-year gain is the headline number here. It outpaces several nearby markets in the same price band: South Milwaukee ($310,121 typical value), Brown Deer ($295,131), and Cudahy ($292,625) all sit below Greenfield, while Glendale ($358,581) sits just above. Greenfield's price positions it as the step between the county's sub-$300K markets and its $350K-plus tier.
The ZIP-level detail matters for anyone shopping here. Buyers targeting 53220 are looking at a typical value of $300,215, and Zillow-derived data shows typical rent in that ZIP at $1,273 per month. Buyers in 53228 should budget for a typical value of $357,490 — a meaningful jump for what is often a short distance on the map.
Five-year appreciation of 31.7% means a home tracking the typical value added roughly $80,000 since 2021. Past appreciation does not guarantee future results, but the one-year figure of 5.7% shows the trend had not stalled as of April 2026.
| ZIP code | Typical home value | 1-year change | Typical rent |
|---|---|---|---|
| 53228 | $357,490 | +5.2% | — |
| 53220 | $300,215 | +5.0% | $1,273/mo |
| Homes sold (arms-length, single-family) | 425 |
|---|---|
| Median sale price | $310,000 |
| Middle 50% of sales | $225,000 to $370,000 |
| Government-backed financing (FHA/VA/USDA) | 3.5% |
| Seller-financed | 0.5% |
Over the 12 months ending June 2026, 425 single-family homes sold in Greenfield, Wisconsin in arms-length transactions, at a median price of $310,000. Half of those sales fell between $225,000 and $370,000. Source: Wisconsin Department of Revenue real estate transfer returns, compiled by Sawar Homes — every recorded sale, including for-sale-by-owner and builder-direct transactions that never appear in the MLS.
Zillow’s typical-home-value estimate for Greenfield is $334,170, while homes that actually changed hands had a median price of $310,000 — a difference of -7.2%. These measure different things, and neither is wrong: the index estimates the value of every home whether or not it sold, while the sale figure reflects only the homes that changed hands, which usually skew toward the more affordable end of the market.
For buyers: Greenfield offers Milwaukee County's middle tier at $334,170, with a built-in choice between two distinct price points by ZIP. If the budget is closer to $300K, focus the search in 53220; if it stretches toward $360K, 53228 opens up. Either way, you are buying at $60,088 under the county median and well under the $455,834 regional median — useful context when weighing Greenfield against Glendale at $358,581.
For sellers: a 5.7% one-year gain is a stronger tailwind than several neighboring markets in this price range, and 31.7% five-year growth means most owners who bought before 2021 are sitting on significant equity. Pricing should be ZIP-aware — a 53228 listing and a 53220 listing occupy different comp pools, and treating the citywide $334,170 figure as a universal benchmark can misprice a home by tens of thousands in either direction.
Greenfield sits at the center of Milwaukee County's south suburbs, with Konkel Park as its community hub and quick access to both the airport and the Hale Interchange for commutes in any direction.
Dates and details change year to year — check each event’s organizers for current schedules.
As of April 30, 2026, the typical home value in Greenfield is $334,170. Values rose 5.7% over the past year and 31.7% over the past five years.
Greenfield's typical value of $334,170 is $60,088 below the Milwaukee County median of $394,258. It ranks 12th of 19 municipalities in the county by typical value — middle of the pack.
ZIP 53228 has a typical home value of $357,490, while ZIP 53220 is at $300,215 — a difference of $57,275. Typical rent in 53220 runs about $1,273 per month.
Greenfield ($334,170) sits above South Milwaukee ($310,121), Brown Deer ($295,131), and Cudahy ($292,625), and just below Glendale ($358,581) by typical home value.
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Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®, serving Milwaukee and Southeast Wisconsin (Milwaukee, Waukesha, Ozaukee, Washington, Racine, Kenosha, and Walworth counties). Email: [email protected] · Phone: (618) 713-2964.
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Get a free Greenfield home valuation · Contact Kinan Sawar
Home values and rents are Zillow ZHVI/ZORI estimates for the named area, as of 2026-07-03; incomes and population are U.S. Census (SAIPE, Population Estimates); migration is IRS Statistics of Income. Area-level statistical estimates for information only — not an appraisal, and not financial, legal, or tax advice.