Riverwest

Location of Riverwest in red

Figure 1: Location of Riverwest in red

Comparison to other neighborhoods

Most of this page compares trends within Riverwest across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Riverwest in various categories for each year during 2000 to 2018. For example, in 2000 99% 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 99th 87th 99th 60th 27th 27th 20th
2001 99th 87th 99th 62nd 27th 27th 20th
2002 99th 87th 99th 62nd 33rd 29th 21st 27th
2003 99th 87th 99th 68th 32nd 30th 19th 30th
2004 99th 87th 99th 78th 41st 30th 17th 31st
2005 99th 87th 99th 89th 51st 35th 18th 80th
2006 99th 87th 99th 89th 58th 34th 18th 75th
2007 99th 87th 99th 92nd 56th 33rd 20th 60th
2008 99th 87th 99th 92nd 58th 30th 20th 68th
2009 99th 87th 99th 92nd 61st 36th 23rd 67th
2010 99th 87th 99th 95th 64th 40th 23rd 73rd
2011 99th 87th 99th 95th 62nd 41st 23rd 79th
2012 99th 87th 99th 95th 63rd 42nd 24th 86th
2013 99th 87th 99th 95th 63rd 45th 24th 90th
2014 99th 87th 99th 92nd 65th 46th 26th 86th
2015 99th 87th 99th 92nd 68th 49th 29th 80th
2016 99th 87th 99th 92nd 70th 48th 29th 84th
2017 99th 87th 99th 92nd 72nd 53rd 31st 79th
2018 99th 87th 99th 92nd 73rd 48th 32nd
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 Riverwest 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 $75,147 $88,691 $52,428
2001 $73,088 $86,615 $50,992
2002 $94,387 $113,069 $63,017
2003 $101,943 $124,226 $70,324
2004 $115,224 $149,472 $70,754
2005 $131,195 $173,807 $79,625
2006 $153,901 $195,580 $211,630
2007 $145,856 $183,951 $172,185
2008 $148,429 $186,120 $184,134
2009 $144,280 $173,323 $181,036
2010 $141,727 $169,670 $183,871
2011 $137,022 $164,114 $167,125
2012 $117,229 $139,081 $150,600
2013 $118,495 $134,757 $139,842
2014 $125,434 $134,757 $161,559
2015 $126,582 $134,575 $160,174
2016 $131,441 $139,852 $168,428
2017 $134,878 $144,852 $166,129
2018 $137,700 $149,800 $179,000

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 57 67% 9% 12% 12%
2003 71 62% 1% 11% 25%
2004 73 70% 5% 8% 16%
2005 201 37% 8% 25% 29%
2006 190 44% 8% 21% 28%
2007 136 58% 9% 12% 21%
2008 81 59% 5% 15% 21%
2009 77 51% 8% 21% 21%
2010 40 48% 2% 20% 30%
2011 61 52% 7% 18% 23%
2012 72 50% 4% 18% 28%
2013 108 38% 7% 14% 41%
2014 108 49% 5% 11% 35%
2015 117 52% 5% 15% 27%
2016 150 47% 9% 21% 24%
2017 151 50% 5% 23% 21%

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.”