Menomonee River Valley

Location of Menomonee River Valley in red

Figure 1: Location of Menomonee River Valley in red

Comparison to other neighborhoods

Most of this page compares trends within Menomonee River Valley across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Menomonee River Valley in various categories for each year during 2000 to 2018. For example, in 2000 3% 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 3rd
4th
8th 4th
2001 2nd
4th
8th 4th
2002 2nd
5th
7th 3rd
5th
2003 2nd
5th
4th 2nd
7th
2004 2nd
5th
4th 1st
4th
2005 2nd
5th
4th 2nd
3rd
2006 10th
4th 64th 1st 1st 1st 5th
2007 2nd
4th 65th 97th 99th 1st 6th
2008 11th
4th 66th 37th 96th 1st 5th
2009 10th
4th 66th 48th 96th 4th 16th
2010 10th
4th 67th 92nd 99th 14th 36th
2011 10th
4th 65th 95th 99th 34th 100th
2012 10th 1st 2nd 65th 95th 100th 75th 100th
2013 10th 1st 2nd 66th 96th 100th 67th 99th
2014 10th 1st 2nd 66th 96th 100th 65th 100th
2015 10th 1st 2nd 66th 96th 100th 75th 99th
2016 10th 1st 2nd 66th 97th 5th 77th 99th
2017 9th 1st 2nd 66th 97th 100th 74th 99th
2018 18th 1st 3rd 66th 97th 100th 77th
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 Menomonee River Valley 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 $NA $41,069 $NA
2001 $NA $39,944 $NA
2002 $NA $40,013 $NA
2003 $NA $40,341 $NA
2004 $NA $39,293 $NA
2005 $NA $53,685 $NA
2006 $30,482 $65,318 $44,665
2007 $211,678 $61,162 $310,702
2008 $525,345 $76,669 $147,377
2009 $NA $77,019 $149,422
2010 $NA $70,490 $235,732
2011 $NA $68,344 $247,231
2012 $33,263 $58,776 $215,835
2013 $32,736 $57,844 $219,297
2014 $32,736 $57,844 $237,837
2015 $29,047 $51,302 $245,538
2016 $28,002 $49,525 $266,434
2017 $29,257 $50,330 $265,970
2018 $28,600 $49,200 $289,200

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
2007 3 0% 0% 100% 0%
2009 1 100% 0% 0% 0%
2010 1 0% 0% 0% 100%
2011 24 4% 0% 38% 58%
2012 14 21% 0% 7% 71%
2013 13 62% 23% 0% 15%
2014 19 63% 21% 5% 11%
2015 17 59% 0% 6% 35%
2016 21 67% 5% 5% 24%
2017 21 62% 10% 24% 5%

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.”