Town of Lake

Location of Town Of Lake in red

Figure 1: Location of Town Of Lake in red

Comparison to other neighborhoods

Most of this page compares trends within Town Of Lake across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Town Of Lake in various categories for each year during 2000 to 2018. For example, in 2000 85% 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 85th 95th 65th 16th 66th 79th 92nd
2001 85th 95th 65th 17th 66th 79th 93rd
2002 85th 95th 65th 19th 63rd 80th 92nd 48th
2003 86th 95th 65th 19th 62nd 79th 92nd 70th
2004 86th 95th 65th 21st 62nd 78th 92nd 68th
2005 86th 95th 65th 22nd 63rd 84th 92nd 17th
2006 86th 95th 65th 20th 61st 89th 93rd 25th
2007 85th 95th 65th 20th 59th 74th 90th 70th
2008 85th 95th 65th 22nd 56th 69th 91st 80th
2009 85th 95th 65th 21st 64th 86th 91st 68th
2010 85th 95th 65th 22nd 61st 78th 90th 58th
2011 85th 95th 65th 22nd 62nd 78th 91st 45th
2012 85th 95th 65th 21st 65th 83rd 90th 81st
2013 86th 95th 66th 21st 66th 87th 91st 65th
2014 85th 95th 66th 21st 67th 87th 92nd 65th
2015 85th 95th 66th 19th 68th 84th 93rd 81st
2016 85th 95th 66th 19th 66th
93rd 71st
2017 85th 95th 66th 19th 65th 84th 92nd 67th
2018 85th 95th 66th 19th 68th 90th 92nd
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 Town Of Lake 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 $135,876 $168,935 $67,719
2001 $132,437 $163,457 $65,864
2002 $146,251 $182,500 $73,753
2003 $151,960 $187,327 $75,776
2004 $162,481 $202,969 $85,090
2005 $167,089 $208,644 $79,750
2006 $183,014 $222,205 $99,034
2007 $171,894 $209,465 $100,189
2008 $169,466 $210,722 $105,536
2009 $168,064 $205,697 $100,277
2010 $157,423 $192,955 $93,718
2011 $152,631 $186,524 $90,865
2012 $133,053 $162,226 $77,184
2013 $131,260 $159,653 $72,146
2014 $132,744 $152,343 $72,146
2015 $131,180 $158,502 $59,034
2016 $131,493 $158,659 $59,034
2017 $133,804 $156,411 $57,797
2018 $139,200 $163,900 $59,300

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 70 94% 1% 0% 4%
2003 85 84% 5% 2% 9%
2004 97 88% 2% 2% 8%
2005 91 82% 3% 3% 11%
2006 90 76% 6% 4% 14%
2007 106 78% 10% 7% 5%
2008 67 70% 4% 3% 22%
2009 52 79% 10% 4% 8%
2010 20 70% 5% 0% 25%
2011 17 76% 6% 12% 6%
2012 42 76% 12% 0% 12%
2013 42 62% 7% 5% 26%
2014 48 73% 2% 4% 21%
2015 81 70% 7% 9% 14%
2016 87 70% 5% 7% 18%
2017 82 78% 5% 6% 11%

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.”