River Bend

Location of River Bend in red

Figure 1: Location of River Bend in red

Comparison to other neighborhoods

Most of this page compares trends within River Bend across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of River Bend in various categories for each year during 2000 to 2018. For example, in 2000 41% 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 41st 60th 29th
77th 82nd 84th
2001 40th 60th 29th
77th 82nd 78th
2002 40th 60th 30th
76th 82nd 81st 61st
2003 39th 60th 30th
77th 85th 77th 70th
2004 39th 60th 30th
76th 86th 78th 42nd
2005 38th 60th 30th
75th 71st 76th 33rd
2006 40th 60th 30th
76th 86th 82nd 35th
2007 38th 60th 30th
76th 89th 78th 77th
2008 38th 60th 30th
75th 88th 80th 73rd
2009 38th 60th 30th
73rd 85th 81st 74th
2010 39th 60th 30th
76th 86th 84th 72nd
2011 40th 60th 30th
76th 86th 82nd 64th
2012 38th 60th 30th
68th 67th 83rd 58th
2013 38th 61st 30th
70th 74th 82nd 83rd
2014 38th 61st 30th
70th 72nd 82nd 60th
2015 38th 61st 30th
63rd 68th 85th 92nd
2016 38th 61st 30th
62nd 70th 87th 85th
2017 38th 61st 30th
75th 83rd 85th 58th
2018 38th 61st 30th
70th 78th 86th
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 River Bend 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 $160,852 $212,479 $NA
2001 $156,587 $206,658 $NA
2002 $167,512 $215,542 $NA
2003 $176,219 $224,192 $NA
2004 $185,181 $234,695 $NA
2005 $186,871 $235,890 $NA
2006 $205,658 $252,313 $NA
2007 $192,689 $237,075 $NA
2008 $192,490 $232,694 $NA
2009 $181,270 $213,177 $NA
2010 $178,351 $209,744 $NA
2011 $172,588 $203,359 $NA
2012 $137,144 $161,257 $NA
2013 $135,180 $152,555 $NA
2014 $135,286 $159,864 $NA
2015 $129,978 $160,801 $NA
2016 $130,187 $163,413 $NA
2017 $144,852 $167,357 $NA
2018 $142,000 $177,800 $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 15 87% 0% 0% 13%
2003 22 91% 5% 0% 5%
2004 18 94% 0% 0% 6%
2005 24 88% 8% 0% 4%
2006 26 92% 0% 0% 8%
2007 27 78% 7% 7% 7%
2008 15 80% 7% 7% 7%
2009 16 75% 6% 6% 12%
2010 7 100% 0% 0% 0%
2011 6 100% 0% 0% 0%
2012 6 83% 0% 0% 17%
2013 14 93% 0% 0% 7%
2014 12 58% 8% 0% 33%
2015 23 70% 4% 4% 22%
2016 26 85% 4% 4% 8%
2017 18 67% 11% 17% 6%

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.”