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Real Estate Prices & Overview

National Park South median real estate price is $145,617, which is less expensive than 90.2% of Wisconsin neighborhoods and 87.3% of all U.S. neighborhoods.

The average rental price in National Park South is currently $1,309, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.6% of Wisconsin neighborhoods.

National Park South is a densely urban neighborhood (based on population density) located in Milwaukee, Wisconsin.

National Park South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the National Park South neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.

In National Park South, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in National Park South is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Milwaukee, the National Park South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

With a real estate vacancy rate of only 0.0%, the National Park South neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

In addition, even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The National Park South neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Furthermore, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the National Park South neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 40.9% of the real estate here is made up of such dwellings, which is higher than 97.2% of all U.S. neighborhoods.

Also of note, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 64.6% of the residential real estate in the National Park South neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.5% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Occupations

More people work in manufacturing and as laborers here in the National Park South neighborhood than in 96.6% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Diversity

Did you know that the National Park South neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 59.0% of this neighborhood's residents have Mexican ancestry.

National Park South is also pretty special linguistically. Significantly, 56.5% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.0% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the National Park South neighborhood in Milwaukee are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 84.1% of U.S. neighborhoods. With 31.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 82.2% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the National Park South neighborhood, 44.0% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 31.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.3%), and 11.3% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the National Park South neighborhood is Spanish, spoken by 56.5% of households. Other important languages spoken here include English and Polish.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the National Park South neighborhood in Milwaukee, WI, residents most commonly identify their ethnicity or ancestry as Mexican (59.0%). There are also a number of people of German ancestry (14.7%), and residents who report Puerto Rican roots (7.6%), and some of the residents are also of Polish ancestry (6.0%), along with some Irish ancestry residents (5.1%), among others. In addition, 19.0% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in National Park South neighborhood spend between 15 and 30 minutes commuting one-way to work (42.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (61.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (16.5%) and 9.9% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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