Sherman Park

Location of Sherman Park in red

Figure 1: Location of Sherman Park in red

Comparison to other neighborhoods

Most of this page compares trends within Sherman Park across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Sherman Park in various categories for each year during 2000 to 2018. For example, in 2000 88% 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 88th 85th 93rd 39th 18th 14th 26th
2001 91st 85th 93rd 39th 18th 14th 26th
2002 91st 85th 93rd 39th 18th 14th 24th 22nd
2003 90th 85th 93rd 38th 15th 13th 24th 22nd
2004 90th 85th 93rd 38th 20th 13th 25th 25th
2005 90th 85th 93rd 39th 21st 13th 25th 91st
2006 90th 85th 93rd 40th 20th 13th 23rd 88th
2007 90th 85th 93rd 44th 19th 13th 22nd 74th
2008 90th 85th 93rd 46th 24th 13th 18th 35th
2009 90th 85th 93rd 43rd 15th 12th 18th 27th
2010 90th 85th 93rd 44th 14th 13th 18th 27th
2011 90th 85th 93rd 44th 14th 13th 19th 29th
2012 89th 85th 93rd 43rd 13th 10th 20th 30th
2013 88th 84th 94th 43rd 16th 10th 19th 32nd
2014 88th 84th 94th 43rd 16th 10th 17th 24th
2015 87th 84th 94th 43rd 17th 10th 17th 10th
2016 87th 85th 94th 43rd 15th 12th 17th 8th
2017 87th 84th 94th 43rd 14th 9th 17th 21st
2018 87th 84th 94th 43rd 13th 8th 15th
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 Sherman 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 $68,739 $62,185 $48,496
2001 $67,210 $60,340 $47,167
2002 $77,726 $71,243 $51,027
2003 $77,275 $75,639 $53,970
2004 $88,542 $84,161 $55,886
2005 $97,355 $96,546 $83,731
2006 $107,494 $111,973 $108,614
2007 $100,771 $104,849 $96,577
2008 $110,094 $126,457 $96,888
2009 $93,557 $98,758 $86,019
2010 $85,898 $89,003 $84,634
2011 $83,507 $85,792 $72,246
2012 $60,552 $60,337 $62,759
2013 $59,751 $59,009 $61,816
2014 $55,619 $51,699 $58,691
2015 $56,160 $50,048 $57,884
2016 $56,003 $49,578 $43,883
2017 $51,864 $45,726 $37,850
2018 $50,700 $46,400 $37,000

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 30 70% 0% 17% 13%
2003 36 44% 3% 31% 22%
2004 46 57% 4% 24% 15%
2005 181 30% 14% 33% 23%
2006 160 29% 19% 24% 28%
2007 89 28% 19% 25% 28%
2008 38 29% 16% 37% 18%
2009 28 14% 14% 61% 11%
2010 9 11% 22% 22% 44%
2011 8 25% 0% 62% 12%
2012 9 0% 22% 33% 44%
2013 20 5% 15% 65% 15%
2014 17 65% 18% 12% 6%
2015 12 58% 8% 17% 17%
2016 8 0% 12% 88% 0%
2017 24 33% 12% 38% 17%

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.”