Silver Spring

Location of Silver Spring in red

Figure 1: Location of Silver Spring in red

Comparison to other neighborhoods

Most of this page compares trends within Silver Spring across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Silver Spring in various categories for each year during 2000 to 2018. For example, in 2000 97% 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 97th 98th 88th 56th 31st 39th 38th
2001 97th 98th 88th 58th 30th 39th 38th
2002 97th 98th 88th 57th 30th 41st 39th 39th
2003 97th 98th 88th 59th 27th 39th 37th 71st
2004 97th 98th 88th 56th 28th 41st 37th 51st
2005 97th 98th 88th 56th 25th 41st 38th 77th
2006 97th 98th 88th 54th 28th 45th 38th 65th
2007 97th 98th 88th 57th 27th 45th 37th 51st
2008 97th 98th 88th 59th 26th 45th 34th 37th
2009 97th 98th 88th 58th 20th 38th 34th 45th
2010 97th 98th 88th 58th 21st 36th 35th 47th
2011 96th 98th 88th 57th 23rd 37th 34th 44th
2012 96th 98th 88th 56th 24th 36th 34th 22nd
2013 97th 98th 88th 56th 23rd 31st 31st 28th
2014 97th 98th 88th 56th 23rd 31st 30th 23rd
2015 98th 98th 88th 57th 23rd 33rd 27th 26th
2016 97th 98th 88th 57th 25th 39th 27th 23rd
2017 97th 98th 88th 57th 25th 35th 26th 31st
2018 97th 98th 88th 57th 25th 35th 26th
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 Silver Spring 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 $86,069 $85,778 $50,243
2001 $83,853 $83,428 $48,867
2002 $97,872 $91,319 $52,979
2003 $98,127 $95,128 $51,789
2004 $105,135 $102,613 $50,444
2005 $107,743 $106,126 $47,278
2006 $121,553 $146,063 $54,369
2007 $113,936 $136,769 $50,910
2008 $114,769 $154,156 $59,021
2009 $98,232 $127,041 $52,593
2010 $92,453 $113,956 $51,746
2011 $89,639 $110,487 $50,171
2012 $73,201 $86,334 $37,354
2013 $64,200 $76,277 $32,206
2014 $61,234 $65,048 $32,206
2015 $61,332 $61,071 $31,763
2016 $65,616 $63,944 $31,763
2017 $64,856 $62,810 $31,098
2018 $66,450 $68,750 $26,000

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 81 73% 5% 7% 15%
2003 104 75% 3% 6% 16%
2004 101 68% 3% 14% 15%
2005 211 54% 11% 14% 21%
2006 182 57% 14% 12% 17%
2007 115 57% 8% 16% 19%
2008 53 68% 13% 11% 8%
2009 67 40% 13% 42% 4%
2010 23 35% 35% 0% 30%
2011 23 48% 13% 17% 22%
2012 9 56% 0% 33% 11%
2013 21 67% 5% 10% 19%
2014 21 48% 29% 10% 14%
2015 37 43% 19% 27% 11%
2016 36 25% 19% 22% 33%
2017 50 24% 10% 48% 18%

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.”