Alcott Park

Location of Alcott Park in red

Figure 1: Location of Alcott Park in red

Comparison to other neighborhoods

Most of this page compares trends within Alcott Park across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Alcott Park in various categories for each year during 2000 to 2018. For example, in 2000 31% of neighborhoods contained fewer total residential units.
Table 1: Annual neighborhood percentile ranks, where 100 = the largest or highest amount and 1 = smallest or lowest
Percentile Rank
year Total Units1 Total single-family homes2 Total duplexes3 Total condos4 Median property value5 Median Value/ft.6 % Owner-occupied7 Sales rate8*
2000 31st 58th 32nd
89th 80th 96th
2001 31st 58th 32nd
89th 80th 95th
2002 31st 58th 33rd
87th 83rd 95th 45th
2003 31st 58th 33rd
87th 83rd 94th 15th
2004 31st 58th 33rd
87th 85th 94th 57th
2005 31st 58th 33rd
87th 73rd 96th 8th
2006 32nd 58th 32nd
86th 76th 96th 25th
2007 31st 58th 34th
86th 81st 95th 29th
2008 31st 58th 33rd
87th 81st 95th 56th
2009 31st 58th 34th
83rd 71st 95th 82nd
2010 31st 58th 34th
83rd 76th 93rd 91st
2011 31st 58th 34th
83rd 76th 96th 81st
2012 31st 59th 34th
82nd 70th 96th 92nd
2013 31st 59th 34th
81st 69th 97th 71st
2014 31st 59th 34th
83rd 76th 98th 64th
2015 30th 59th 34th
84th 80th 96th 43rd
2016 30th 59th 34th
83rd
97th 52nd
2017 30th 59th 34th
84th 77th 96th 48th
2018 30th 59th 34th
83rd 83rd 97th
Note: Percentile ranks are only calculated for neighborhoods which include the characteristic being measured. For example, a neighborhood with no condos is marked missing, while the neighborhood in the 1st percentile contains at least 1 condo.
1 Includes all homes, condos, and apartments
2 Total standalone 1-unit homes
3 Total 2-unit homes
4 Total condos
5 Median entire property value as assessed by the City
6 Median of (Improvements value) / (Useable square feet of building)
7 Percent of single-family, duplexes, and condos whose location is also the owner’s mailing address
8 Single-family, duplex, and condo sales as a percent of total single-family, duplex, and condo properties
* No sales data available for 2000-2001

Residential property values, 2000 to 2018

Total property value

This “violin” graph displays the distribution of home values in Alcott Park since 2000. The shapes for each year are widest at the property value where the most homes are located. Larger “violins” indicate more homes, while smaller shapes indicate fewer. The thin line through the graph shows the median home value for each year.

The table below contains the median home value for each year from 2000 to 2018. Values are adjusted to 2018 dollars, and properties assessed at $0 are ommitted. This is because those properties are not literally worth nothing. The city assesses them at $0 because they are owned by an entity which does not pay property taxes; therefore they contribute nothing to the city’s tax base directly.
Table 2: Median inflation-adjusted home values
Median property value
year single-family duplex condo
2000 $178,692 $265,708 $NA
2001 $174,222 $258,429 $NA
2002 $190,098 $256,810 $NA
2003 $196,526 $267,395 $NA
2004 $208,411 $289,386 $NA
2005 $212,998 $288,518 $NA
2006 $227,181 $304,132 $NA
2007 $212,843 $284,490 $NA
2008 $213,235 $278,275 $NA
2009 $194,302 $258,056 $NA
2010 $191,633 $253,901 $NA
2011 $185,799 $246,172 $NA
2012 $155,659 $195,059 $NA
2013 $149,058 $184,337 $NA
2014 $153,879 $193,501 $NA
2015 $156,256 $194,602 $NA
2016 $157,144 $202,595 $NA
2017 $161,117 $197,739 $NA
2018 $163,400 $209,100 $NA

Value per square foot

This graph is similar to the graph above, except it shows property value per square foot, rather than the total. These statistics are calculated by dividing the value of improvements made to the parcel (namely the building) by the total useable floor area of the structure in square feet.

Residential units

The next three graphs show trends in the number of housing units and their occupancy status. “Owner-occupied” means the property owner lists that location as their mailing address. Additional units at each parcel may be rented, so the “owner-occupied” number given here should be understood as an upper bound; the real number is almost certainly lower. Non-owner-occupied units may either be rented or vacant. These three graphs show total units, so (for example) every one duplex counts as 2 units.

Total, 2000 to 2018

Single family homes

Duplexes

Condos

Totals by type

Property sales and owner-occupancy

Single-family homes, duplexes, and condos
Table 5: The unit of analysis is the parcel. Some parcels contain multiple units.
year Total sold Remain owner-occupied Owner-occupied to other Remain other occupied Other to owner-occupied
2002 17 94% 0% 0% 6%
2003 6 83% 0% 17% 0%
2004 22 91% 0% 0% 9%
2005 17 76% 0% 12% 12%
2006 18 89% 0% 0% 11%
2007 18 83% 11% 0% 6%
2008 12 92% 0% 0% 8%
2009 16 81% 12% 0% 6%
2010 11 91% 0% 0% 9%
2011 10 80% 0% 0% 20%
2012 13 77% 0% 8% 15%
2013 12 67% 25% 0% 8%
2014 12 83% 0% 0% 17%
2015 10 80% 20% 0% 0%
2016 15 67% 7% 0% 27%
2017 14 50% 29% 7% 14%

This table compares the owner-occupancy status before and after each sale for properties coded as “Residential” or “Condominium” in the previous table. As explained above, “owner-occupancy” means the property owner lists that parcel as their mailing address. Additional units at an owner-occupied address may be vacant or rented. In this table “other occupied” simply means the property owner does not maintain their mailing address at that location. The property could be rented, or it could be vacant.

  • If a property was coded as owner-occupied in the year prior to the sale, and it is still coded that way in the first available property record after the sale date, it is classified as “Remain owner-occupied.”
  • A property coded “owner-occupied” before the sale, but not after is classified as “Owner-occupied to other”
  • A property not coded “owner-occupied” before a sale, and which maintains that status after the sale, is classified “Remain other occupied.”
  • Properties which aren’t “owner-occupied” prior to the sale but become so afterward are classified “Other to owner-occupied.”