West Allis, WI Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

West Allis, WI Housing Market Trends

With a population of 59,890, 27,245 total housing units (homes and apartments), and a median house value of $162,967, house prices in West Allis are solidly below the national average.

Single-family detached homes are the single most common housing type in West Allis, accounting for 51.12% of the city's housing units. Other types of housing that are prevalent in West Allis include large apartment complexes or high rise apartments ( 23.12%), duplexes, homes converted to apartments or other small apartment buildings ( 21.57%), and a few row houses and other attached homes ( 2.60%).

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 47.59% of the city's housing hails from this era. Other housing ages represented in West Allis include homes built before 1939 ( 29.22%) and housing constructed between 1970-1999 ( 19.27%). There's also some housing in West Allis built between 2000 and later ( 3.92%).

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 1.58%, which is lower than 80% 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 4.65%, 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 2.27%, which equates to an annual appreciation rate of 9.39%.

Relative to Wisconsin, our data show that West Allis's latest annual appreciation rate is lower than 60% 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 2000, to assist you in making the best West Allis real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$162,967

West Allis, WI HOME PRICES

> $1,181,000
0.0%
0.0%
$886,001 - $1,181,000
0.2%
0.2%
$591,001 - $886,000
0.4%
0.4%
$472,001 - $591,000
0.4%
0.4%
$355,001 - $472,000
1.4%
1.4%
$236,001 - $355,000
10.6%
10.6%
$118,001 - $236,000
74.2%
74.2%
$59,001 - $118,000
8.3%
8.3%
$0 - $59,000
4.5%
4.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for WI

Value Relative To Nation

Number Of Homes And Apartments:
27,245

West Allis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
44.64% 1.77%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,012 / per month

Homeownership Rate

Owners
51.3%
51.3%
Renters
48.7%
48.7%
Vacant
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
3.9%
3.9%
1970 - 1999
19.3%
19.3%
1940 - 1969
47.6%
47.6%
1939 or Older
29.2%
29.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.1%
51.1%
Townhomes
2.6%
2.6%
Small Apt. Buildings
21.6%
21.6%
Apt. Complexes
23.1%
23.1%
Mobile Homes
1.6%
1.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.8%
3.8%
1 Bedroom
16.8%
16.8%
2 Bedrooms
34.9%
34.9%
3 Bedrooms
33.0%
33.0%
4 Bedrooms
9.6%
9.6%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES