West Allis appreciation rates and housing market information

West Allis housing market information

With a population of 61,295, 28,731 total housing units (homes and apartments), and a median house value of $175,200, West Allis real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in West Allis, accounting for 50.44% of the city's housing units. Other types of housing that are prevalent in West Allis include duplexes, homes converted to apartments, or other small apartment buildings (22.53%), large apartment complexes or high rise apartments (22.25%), row houses and other attached homes (2.88%), and a few mobile homes or trailers (1.88%).

People in West Allis primarily live in small (one, two, or no bedroom) single-family detached homes. West Allis has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. West Allis's housing was primarily built during this period, from the '40s through the '60s. A full 49.25% of the city's housing hails from this era. Other housing ages represented in West Allis include homes built between 1939 and earlier (29.82%), and housing constructed from 1970-1994 (18.09%). There's also some housing in West Allis built between 1995 and later (2.84%).

West Allis home appreciation rates

West Allis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Allis during the period has been just 5.51%, which is lower than % of US communities.

Over the last year, West Allis appreciation rates have trailed the rest of the nation. In the last twelve months, West Allis's appreciation rate has been -2.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Allis were at -0.10%, which equates to an annual appreciation rate of -0.40%.

Relative to Wisconsin, our data show that West Allis's latest annual appreciation rate is higher than 11% of the other cities and towns in Wisconsin.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within West Allis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Allis - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best West Allis real estate investment or home purchase decisions.