Merrill Park

Location of Merrill Park in red

Figure 1: Location of Merrill Park in red

Comparison to other neighborhoods

Most of this page compares trends within Merrill Park across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Merrill Park in various categories for each year during 2000 to 2018. For example, in 2000 69% 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 69th 40th 72nd
16th 11th 17th
2001 71st 40th 72nd
17th 11th 19th
2002 72nd 40th 73rd
15th 10th 18th 19th
2003 71st 41st 72nd
16th 10th 17th 26th
2004 72nd 42nd 72nd
18th 11th 15th 32nd
2005 72nd 41st 72nd
19th 12th 15th 79th
2006 72nd 41st 72nd
23rd 12th 15th 68th
2007 72nd 41st 72nd
20th 12th 18th 41st
2008 73rd 42nd 72nd
23rd 10th 15th 56th
2009 72nd 42nd 72nd
23rd 9th 15th 26th
2010 72nd 41st 72nd
20th 10th 11th 18th
2011 69th 41st 72nd
21st 12th 13th 35th
2012 68th 42nd 72nd
18th 10th 14th 27th
2013 67th 42nd 73rd
18th 9th 13th 51st
2014 67th 42nd 74th
15th 9th 15th 35th
2015 66th 41st 74th
15th 9th 12th 37th
2016 66th 42nd 74th
18th 11th 15th 21st
2017 66th 41st 74th
19th 9th 15th 21st
2018 66th 41st 74th
20th 9th 13th
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 Merrill 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 $56,797 $67,865 $NA
2001 $55,241 $66,360 $NA
2002 $62,739 $74,310 $NA
2003 $76,457 $77,207 $NA
2004 $83,896 $82,568 $NA
2005 $88,459 $98,288 $NA
2006 $98,910 $131,693 $NA
2007 $94,597 $123,838 $NA
2008 $100,861 $130,372 $NA
2009 $94,317 $109,393 $NA
2010 $88,083 $100,100 $NA
2011 $86,015 $97,331 $NA
2012 $64,481 $72,178 $NA
2013 $57,102 $64,518 $NA
2014 $55,513 $52,705 $NA
2015 $56,317 $52,660 $NA
2016 $57,936 $54,541 $NA
2017 $58,411 $53,910 $NA
2018 $58,600 $57,000 $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 7 43% 0% 14% 43%
2003 10 80% 0% 0% 20%
2004 22 45% 0% 36% 18%
2005 42 33% 17% 26% 24%
2006 34 35% 18% 38% 9%
2007 19 42% 5% 32% 21%
2008 13 38% 23% 15% 23%
2009 5 60% 0% 40% 0%
2010 2 50% 0% 0% 50%
2011 3 33% 0% 67% 0%
2012 2 0% 0% 100% 0%
2013 10 10% 30% 50% 10%
2014 5 60% 40% 0% 0%
2015 4 0% 25% 50% 25%
2016 5 20% 0% 40% 40%
2017 4 25% 0% 25% 50%

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.”