Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 21,233 people, 8,454 houses or apartments, and a median cost of homes of $153,309, South Milwaukee real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in South Milwaukee, accounting for 56.48% of the city's housing units. Other types of housing that are prevalent in South Milwaukee include duplexes, homes converted to apartments or other small apartment buildings ( 20.21%), large apartment complexes or high rise apartments ( 19.79%), and a few row houses and other attached homes ( 3.44%).
The most prevalent building size and type in South Milwaukee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.60% owning and 40.40% renting.
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. South Milwaukee's housing was primarily built during this period, from the '40s through the '60s. A full 48.91% of the city's housing hails from this era. Other housing ages represented in South Milwaukee include homes built between 1970-1999 ( 24.14%) and housing constructed before 1939 ( 22.26%). There's also some housing in South Milwaukee built between 2000 and later ( 4.69%).
South Milwaukee's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Milwaukee during the period has been just -1.96%, which is lower than 80% of US communities.
Over the last year, South Milwaukee appreciation rates have trailed the rest of the nation. In the last twelve months, South Milwaukee's appreciation rate has been 3.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Milwaukee were at 1.02%, which equates to an annual appreciation rate of 4.13%.
Relative to Wisconsin, our data show that South Milwaukee's latest annual appreciation rate is lower than 70% 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 South Milwaukee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Milwaukee - 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 2000, to assist you in making the best South Milwaukee real estate investment or home purchase decisions.
|$787,001 - $1,050,000||0.0|
|$525,001 - $787,000||0.3|
|$420,001 - $525,000||0.4|
|$315,001 - $420,000||1.3|
|$210,001 - $315,000||16.5|
|$105,001 - $210,000||68.8|
|$52,001 - $105,000||7.6|
|$0 - $52,000||5.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF South Milwaukee HOMES|
|2000 or Newer||4.7|
|1970 - 1999||24.1|
|1940 - 1969||48.9|
|1939 or Older||22.3|
|TYPE OF South Milwaukee HOMES|
|Small Apt. Buildings||20.2|
|SIZE OF South Milwaukee HOMES|
|5 or more bedrooms||2.50|