Northridge Lakes

Location of Northridge Lakes in red

Figure 1: Location of Northridge Lakes in red

Comparison to other neighborhoods

Most of this page compares trends within Northridge Lakes across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Northridge Lakes in various categories for each year during 2000 to 2018. For example, in 2000 65% 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 65th 7th
85th 39th 40th 36th
2001 76th 7th
86th 39th 40th 36th
2002 77th 7th
86th 33rd 36th 37th 27th
2003 67th 7th
87th 29th 35th 38th 55th
2004 67th 7th
87th 27th 29th 41st 81st
2005 68th 7th
86th 29th 30th 42nd 68th
2006 68th 7th
83rd 29th 32nd 45th 84th
2007 65th 7th
83rd 30th 34th 52nd 49th
2008 65th 7th
83rd 29th 32nd 54th 63rd
2009 65th 7th
83rd 38th 46th 55th 55th
2010 65th 7th
84th 39th 47th 55th 85th
2011 65th 7th
84th 40th 47th 58th 73rd
2012 65th 8th
83rd 29th 30th 55th 28th
2013 65th 8th
83rd 30th 38th 52nd 56th
2014 65th 8th
83rd 30th 32nd 52nd 81st
2015 65th 8th
83rd 26th 28th 53rd 62nd
2016 64th 8th
83rd 26th 81st 59th 60th
2017 64th 8th
83rd 30th 31st 62nd 48th
2018 64th 8th
83rd 31st 33rd 59th
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 Northridge Lakes 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 $158,740 $NA $102,671
2001 $154,392 $NA $99,859
2002 $173,158 $NA $98,290
2003 $185,214 $NA $98,127
2004 $202,438 $NA $101,153
2005 $190,852 $NA $110,107
2006 $242,858 $NA $124,166
2007 $238,356 $NA $123,023
2008 $254,433 $NA $126,690
2009 $239,239 $NA $128,560
2010 $235,387 $NA $121,891
2011 $228,222 $NA $118,180
2012 $198,934 $NA $79,875
2013 $188,257 $NA $78,608
2014 $182,748 $NA $78,184
2015 $180,235 $NA $66,870
2016 $193,505 $NA $62,690
2017 $175,131 $NA $73,346
2018 $179,400 $NA $77,500

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 9 100% 0% 0% 0%
2003 15 93% 0% 0% 7%
2004 17 88% 0% 0% 12%
2005 19 89% 0% 0% 11%
2006 30 83% 3% 7% 7%
2007 15 67% 7% 0% 27%
2008 10 80% 0% 0% 20%
2009 8 50% 25% 0% 25%
2010 6 83% 17% 0% 0%
2011 6 67% 17% 0% 17%
2012 2 0% 50% 50% 0%
2013 7 86% 0% 14% 0%
2014 12 58% 8% 8% 25%
2015 11 82% 0% 0% 18%
2016 13 46% 0% 8% 46%
2017 10 60% 0% 20% 20%

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.”