Historic Third Ward

Location of Historic Third Ward in red

Figure 1: Location of Historic Third Ward in red

Comparison to other neighborhoods

Most of this page compares trends within Historic Third Ward across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Historic Third Ward in various categories for each year during 2000 to 2018. For example, in 2000 2% 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 2nd
72nd 91st 99th 35th
2001 18th
71st 91st 99th 47th
2002 18th
70th 96th 99th 47th 100th
2003 19th
69th 94th 99th 43rd 100th
2004 20th
67th 92nd 99th 38th 98th
2005 20th
82nd 95th 98th 63rd 99th
2006 26th
91st 96th 99th 51st 91st
2007 44th
95th 98th 99th 53rd 97th
2008 52nd
96th 98th 99th 33rd 97th
2009 56th
96th 98th 99th 41st 98th
2010 57th
96th 98th 99th 40th 92nd
2011 62nd
96th 97th 99th 41st 99th
2012 62nd
96th 97th 99th 52nd 99th
2013 62nd
96th 97th 99th 56th 99th
2014 62nd
96th 98th 99th 60th 99th
2015 64th
96th 98th 99th 55th 99th
2016 63rd
96th 98th
53rd 98th
2017 67th
96th 99th 99th 58th 98th
2018 68th
96th 98th 99th 62nd
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 Historic Third Ward 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 $317,481 $NA $182,187
2001 $308,783 $NA $176,559
2002 $334,606 $NA $230,669
2003 $374,790 $NA $231,688
2004 $335,848 $NA $234,562
2005 $508,234 $NA $251,318
2006 $374,489 $NA $294,863
2007 $320,371 $NA $330,856
2008 $458,143 $NA $317,310
2009 $556,316 $NA $298,611
2010 $476,064 $NA $298,920
2011 $NA $NA $288,761
2012 $NA $NA $250,928
2013 $NA $NA $253,516
2014 $NA $NA $278,624
2015 $NA $NA $290,779
2016 $NA $NA $289,630
2017 $NA $NA $303,718
2018 $NA $NA $306,500

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 26 73% 12% 12% 4%
2003 48 75% 6% 8% 10%
2004 27 48% 4% 26% 22%
2005 49 51% 0% 6% 43%
2006 26 85% 12% 4% 0%
2007 32 50% 6% 12% 31%
2008 38 71% 8% 0% 21%
2009 45 64% 7% 7% 22%
2010 14 64% 0% 7% 29%
2011 39 62% 5% 3% 31%
2012 58 66% 7% 10% 17%
2013 62 63% 10% 0% 27%
2014 76 61% 9% 4% 26%
2015 75 77% 5% 3% 15%
2016 76 64% 4% 11% 21%
2017 75 64% 9% 4% 23%

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.”