Wedgewood

Location of Wedgewood in red

Figure 1: Location of Wedgewood in red

Comparison to other neighborhoods

Most of this page compares trends within Wedgewood across time, but this table compares it to the rest of Milwaukee’s neighborhoods. It shows the percentile rank of Wedgewood in various categories for each year during 2000 to 2018. For example, in 2000 40% 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 40th 57th 35th
92nd 64th 75th
2001 38th 57th 35th
92nd 63rd 73rd
2002 38th 57th 37th
89th 73rd 72nd 36th
2003 38th 57th 36th
85th 59th 72nd 57th
2004 38th 57th 36th
86th 63rd 75th 66th
2005 38th 57th 36th
86th 57th 73rd 21st
2006 38th 57th 36th
87th 60th 75th 6th
2007 37th 57th 36th
86th 62nd 76th 24th
2008 37th 57th 36th
77th 52nd 78th 50th
2009 37th 57th 36th
78th 55th 85th 90th
2010 38th 57th 36th
81st 59th 87th 63rd
2011 39th 57th 36th
81st 58th 88th 78th
2012 37th 58th 36th
80th 54th 88th 79th
2013 37th 58th 36th
81st 60th 85th 77th
2014 37th 58th 36th
81st 60th 84th 70th
2015 37th 58th 36th
78th 60th 82nd 87th
2016 37th 58th 36th
80th
78th 74th
2017 37th 58th 36th
84th 70th 78th 93rd
2018 37th 58th 36th
82nd 73rd 79th
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 Wedgewood 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 $178,838 $249,106 $NA
2001 $174,080 $242,282 $NA
2002 $192,677 $268,103 $NA
2003 $188,621 $262,830 $NA
2004 $200,447 $279,696 $NA
2005 $205,036 $277,383 $NA
2006 $224,818 $293,992 $NA
2007 $210,979 $276,102 $NA
2008 $195,295 $289,845 $NA
2009 $185,828 $261,796 $NA
2010 $183,066 $257,580 $NA
2011 $178,274 $250,687 $NA
2012 $149,846 $198,611 $NA
2013 $147,999 $188,415 $NA
2014 $148,211 $197,738 $NA
2015 $146,278 $198,938 $NA
2016 $150,979 $198,938 $NA
2017 $158,713 $205,769 $NA
2018 $161,900 $216,300 $NA

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 15 100% 0% 0% 0%
2003 19 84% 0% 5% 11%
2004 25 92% 0% 0% 8%
2005 23 87% 0% 0% 13%
2006 5 100% 0% 0% 0%
2007 18 94% 0% 6% 0%
2008 12 75% 17% 0% 8%
2009 19 79% 5% 5% 11%
2010 6 100% 0% 0% 0%
2011 10 80% 20% 0% 0%
2012 11 91% 0% 0% 9%
2013 13 62% 15% 8% 15%
2014 14 71% 7% 0% 21%
2015 23 96% 4% 0% 0%
2016 23 83% 9% 9% 0%
2017 30 77% 7% 0% 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.”