South Milwaukee, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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South Milwaukee, WI Real Estate Data


South Milwaukee Housing Market Information

With 21,233 people, 8,454 houses or apartments, and a median cost of homes of $151,824, 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 Home Appreciation Rates

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 -2.06%, 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 1.95%, 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 -0.08%, which equates to an annual appreciation rate of -0.30%.

Relative to Wisconsin, our data show that South Milwaukee's latest annual appreciation rate is lower than 80% 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.

Average Home Values

 

Median Home Value:
$151,824

South Milwaukee, WI HOME PRICES

Value Range
> $1,039,000 0.0
$779,001 - $1,039,000 0.0
$519,001 - $779,000 0.3
$416,001 - $519,000 0.4
$312,001 - $416,000 1.3
$208,001 - $312,000 16.5
$104,001 - $208,000 68.8
$52,001 - $104,000 7.6
$0 - $52,000 5.0

Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
48.9862885268956 63.2443531827515

Number Of Homes And Apartments:
8,454

Rent & Ownership

 

Average Market Rent:
$852 / per month

Homeownership Rate

Homeownership
Owners 59.60
Renters 40.40
Vacant 5.61

Housing Market Details

 

Age of Homes

AGE OF South Milwaukee HOMES
2000 or Newer 4.7
1970 - 1999 24.1
1940 - 1969 48.9
1939 or Older 22.3

Types of Homes

TYPE OF South Milwaukee HOMES
Single-Family 56.5
Townhomes 3.4
Small Apt. Buildings 20.2
Apt. Complexes 19.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF South Milwaukee HOMES
No Bedroom 1.24
1 Bedroom 14.41
2 Bedrooms 29.40
3 Bedrooms 42.23
4 Bedrooms 10.22
5 or more bedrooms 2.50

South Milwaukee Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
12.66% 0.69% 1 1
* 10 is highest