Goldman Park

Location of Goldman Park in red

Figure 1: Location of Goldman Park in red

Comparison to other neighborhoods

Most of this page compares trends within Goldman Park across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Goldman Park in various categories for each year during 2000 to 2018. For example, in 2000 40% 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 40th 65th 15th 10th 82nd 88th 96th
2001 39th 65th 15th 12th 82nd 88th 94th
2002 39th 65th 16th 13th 80th 85th 94th 60th
2003 38th 65th 16th 13th 80th 87th 96th 40th
2004 38th 65th 16th 12th 79th 88th 95th 30th
2005 40th 65th 16th 14th 80th 90th 94th 5th
2006 40th 65th 15th 13th 79th 40th 94th 14th
2007 38th 65th 15th 15th 79th 38th 92nd 34th
2008 38th 65th 15th 18th 78th 36th 94th 79th
2009 38th 65th 15th 15th 81st 44th 94th 83rd
2010 37th 65th 15th 15th 78th 38th 94th 20th
2011 37th 65th 15th 15th 79th 40th 93rd 14th
2012 39th 65th 16th 13th 79th 31st 94th 53rd
2013 39th 65th 16th 13th 80th 42nd 89th 50th
2014 39th 65th 16th 13th 75th 35th 88th 58th
2015 39th 65th 16th 12th 73rd 34th 89th 78th
2016 39th 65th 16th 14th 73rd
91st 77th
2017 39th 65th 16th 14th 76th 42nd 91st 76th
2018 39th 65th 16th 14th 75th 54th 91st
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 Goldman 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 $166,168 $208,838 $88,691
2001 $161,757 $203,117 $86,261
2002 $173,995 $219,306 $91,738
2003 $181,943 $233,460 $93,084
2004 $194,208 $247,439 $96,905
2005 $196,824 $250,571 $90,823
2006 $212,998 $270,602 $98,288
2007 $199,970 $253,385 $95,296
2008 $200,788 $254,199 $101,329
2009 $195,061 $246,953 $97,238
2010 $182,606 $231,017 $90,843
2011 $176,992 $223,985 $88,078
2012 $151,730 $190,860 $74,816
2013 $149,588 $187,833 $66,319
2014 $143,444 $187,833 $63,035
2015 $141,576 $185,250 $51,720
2016 $141,524 $185,250 $51,720
2017 $147,767 $180,860 $53,194
2018 $151,400 $190,600 $66,000

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 22 86% 0% 5% 9%
2003 19 95% 0% 5% 0%
2004 17 94% 6% 0% 0%
2005 13 77% 8% 0% 15%
2006 16 88% 6% 6% 0%
2007 20 95% 5% 0% 0%
2008 21 86% 0% 0% 14%
2009 20 80% 10% 5% 5%
2010 2 50% 0% 0% 50%
2011 1 100% 0% 0% 0%
2012 7 100% 0% 0% 0%
2013 9 89% 11% 0% 0%
2014 12 58% 8% 17% 17%
2015 22 82% 9% 0% 9%
2016 26 69% 12% 8% 12%
2017 27 70% 7% 7% 15%

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.”