Park West

Location of Park West in red

Figure 1: Location of Park West in red

Comparison to other neighborhoods

Most of this page compares trends within Park West across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Park West in various categories for each year during 2000 to 2018. For example, in 2000 91% 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 91st 75th 96th
4th 4th 9th
2001 88th 75th 96th
3rd 4th 8th
2002 88th 74th 96th
3rd 4th 8th 9th
2003 88th 74th 95th
3rd 3rd 6th 10th
2004 88th 74th 95th
2nd 3rd 5th 8th
2005 88th 74th 94th
1st 1st 5th 76th
2006 88th 74th 94th
2nd 2nd 6th 91st
2007 87th 74th 94th
2nd 2nd 5th 70th
2008 88th 74th 94th 31st 2nd 2nd 5th 32nd
2009 87th 74th 94th 28th 2nd 2nd 5th 14th
2010 87th 74th 94th 29th 2nd 2nd 4th 11th
2011 86th 74th 94th 29th 2nd 2nd 4th 32nd
2012 86th 74th 94th 28th 2nd 1st 4th 15th
2013 84th 74th 93rd 28th 2nd 2nd 4th 13th
2014 83rd 74th 93rd 28th 2nd 2nd 4th 11th
2015 83rd 74th 93rd 27th 2nd 2nd 4th 11th
2016 83rd 72nd 93rd 27th 2nd 1st 4th 8th
2017 81st 72nd 93rd 27th 2nd 2nd 4th 26th
2018 81st 72nd 93rd 27th 2nd 2nd 4th
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 Park West 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 $26,505 $34,078 $NA
2001 $25,779 $33,286 $NA
2002 $28,720 $34,437 $NA
2003 $28,211 $36,252 $NA
2004 $28,806 $35,310 $NA
2005 $32,534 $45,536 $NA
2006 $44,789 $62,954 $NA
2007 $42,056 $59,356 $NA
2008 $48,444 $71,994 $22,440
2009 $42,191 $54,930 $22,440
2010 $37,257 $48,641 $22,078
2011 $36,235 $47,830 $21,406
2012 $24,759 $32,294 $20,668
2013 $24,684 $31,888 $20,341
2014 $25,002 $31,994 $20,341
2015 $23,822 $29,256 $20,061
2016 $21,419 $26,226 $20,061
2017 $20,766 $23,835 $19,948
2018 $19,950 $22,900 $19,500

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 5 40% 40% 20% 0%
2003 6 33% 17% 50% 0%
2004 11 18% 0% 73% 9%
2005 135 25% 12% 44% 19%
2006 147 14% 26% 40% 20%
2007 77 12% 22% 45% 21%
2008 31 16% 23% 39% 23%
2009 12 0% 0% 92% 8%
2010 3 0% 33% 67% 0%
2011 9 11% 11% 44% 33%
2012 2 0% 50% 50% 0%
2013 1 0% 0% 100% 0%
2014 6 17% 0% 83% 0%
2015 12 0% 25% 67% 8%
2016 9 11% 0% 78% 11%
2017 22 5% 5% 86% 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.”