Graceland

Location of Graceland in red

Figure 1: Location of Graceland in red

Comparison to other neighborhoods

Most of this page compares trends within Graceland across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Graceland in various categories for each year during 2000 to 2018. For example, in 2000 53% 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 53rd 70th 62nd
37th 45th 40th
2001 53rd 70th 62nd
36th 44th 44th
2002 53rd 70th 62nd
39th 47th 47th 68th
2003 54th 70th 62nd
38th 45th 47th 61st
2004 53rd 70th 61st
39th 51st 46th 43rd
2005 53rd 70th 61st
36th 45th 43rd 67th
2006 54th 70th 62nd
35th 49th 47th 41st
2007 53rd 70th 61st
33rd 49th 45th 50th
2008 53rd 70th 61st
33rd 50th 46th 23rd
2009 52nd 70th 62nd
31st 41st 49th 67th
2010 51st 70th 62nd
36th 46th 47th 32nd
2011 52nd 70th 62nd
36th 47th 45th 60th
2012 52nd 71st 62nd
39th 52nd 43rd 21st
2013 52nd 71st 62nd
44th 58th 46th 17th
2014 52nd 71st 62nd
43rd 57th 45th 28th
2015 52nd 71st 61st
41st 56th 43rd 54th
2016 52nd 71st 61st
38th 49th 42nd 33rd
2017 53rd 71st 61st
40th 50th 42nd 50th
2018 53rd 71st 61st
38th 46th 42nd
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 Graceland 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 $94,662 $126,046 $NA
2001 $92,635 $123,513 $NA
2002 $110,002 $141,092 $NA
2003 $114,413 $141,398 $NA
2004 $124,250 $162,481 $NA
2005 $129,640 $164,352 $NA
2006 $145,441 $178,038 $NA
2007 $136,420 $166,826 $NA
2008 $136,858 $166,544 $NA
2009 $118,217 $154,915 $NA
2010 $116,371 $152,306 $NA
2011 $112,829 $147,670 $NA
2012 $97,852 $127,348 $NA
2013 $96,406 $107,000 $NA
2014 $96,406 $95,876 $NA
2015 $95,081 $89,909 $NA
2016 $88,185 $98,424 $NA
2017 $89,407 $96,261 $NA
2018 $89,750 $96,650 $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 36 94% 0% 3% 3%
2003 34 76% 6% 6% 12%
2004 32 84% 3% 9% 3%
2005 58 72% 9% 10% 9%
2006 43 70% 9% 7% 14%
2007 34 65% 9% 15% 12%
2008 12 33% 17% 17% 33%
2009 24 71% 25% 0% 4%
2010 5 80% 0% 0% 20%
2011 10 30% 10% 10% 50%
2012 3 0% 0% 33% 67%
2013 4 0% 0% 50% 50%
2014 8 38% 0% 38% 25%
2015 21 57% 5% 10% 29%
2016 14 43% 0% 7% 50%
2017 24 38% 8% 21% 33%

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.”