Riverside Park

Location of Riverside Park in red

Figure 1: Location of Riverside Park in red

Comparison to other neighborhoods

Most of this page compares trends within Riverside Park across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Riverside Park in various categories for each year during 2000 to 2018. For example, in 2000 42% 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 42nd 22nd 57th
67th 44th 15th
2001 41st 22nd 57th 6th 69th 45th 17th
2002 41st 21st 57th 8th 82nd 43rd 15th 26th
2003 40th 21st 57th 7th 88th 54th 12th 33rd
2004 40th 21st 57th 7th 89th 58th 9th 14th
2005 40th 20th 57th 9th 93rd 78th 7th 58th
2006 41st 19th 56th 8th 93rd 91st 8th 33rd
2007 39th 19th 58th 11th 93rd 92nd 9th 8th
2008 39th 18th 58th 16th 92nd 84th 12th 61st
2009 39th 18th 58th 13th 89th 74th 14th 35th
2010 38th 18th 58th 16th 90th 77th 16th 21st
2011 38th 19th 58th 16th 89th 77th 15th 23rd
2012 39th 19th 58th 15th 92nd 84th 11th 57th
2013 39th 19th 58th 15th 91st 86th 15th 86th
2014 39th 19th 58th 15th 91st 86th 10th 91st
2015 39th 19th 58th 14th 91st 87th 10th 89th
2016 39th 19th 59th 15th 91st 89th 10th 55th
2017 39th 19th 59th 15th 91st 87th 10th 64th
2018 39th 19th 59th 15th 91st 54th 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 Riverside 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 $120,075 $157,939 $NA
2001 $117,635 $155,383 $377,056
2002 $153,361 $194,490 $406,407
2003 $168,383 $223,920 $440,208
2004 $185,645 $243,722 $456,647
2005 $207,586 $268,052 $427,987
2006 $238,254 $300,337 $414,923
2007 $223,095 $283,208 $392,368
2008 $213,527 $272,607 $393,629
2009 $193,250 $246,953 $367,566
2010 $192,035 $242,574 $361,647
2011 $185,075 $234,521 $350,638
2012 $171,484 $202,702 $304,752
2013 $162,619 $192,918 $299,918
2014 $162,884 $193,660 $299,918
2015 $170,466 $195,490 $295,794
2016 $171,667 $195,803 $295,794
2017 $174,211 $202,547 $289,601
2018 $177,000 $217,800 $290,700

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% 0% 20% 40%
2003 8 25% 12% 38% 25%
2004 3 100% 0% 0% 0%
2005 17 24% 12% 29% 35%
2006 12 42% 0% 25% 33%
2007 5 20% 20% 20% 40%
2008 4 50% 0% 50% 0%
2009 4 25% 0% 25% 50%
2010 1 0% 0% 0% 100%
2012 4 50% 25% 0% 25%
2013 7 57% 0% 14% 29%
2014 10 50% 0% 10% 40%
2015 11 45% 0% 45% 9%
2016 8 50% 0% 38% 12%
2017 8 12% 25% 12% 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.”