Milwaukee County Real Estate and Livability Trends
Milwaukee County, Wisconsin's real estate market displays steady growth, with median home values rising from $151,700 in 2015 to $200,000 in 2022, pointing to a balanced market appealing to cautious investors and first-time buyers. The increase in state and local income taxes to an average of $14,169.67 in 2021 and rising real estate taxes indicate evolving long-term costs for property owners.... Read more
Milwaukee County Market Trends
Median home values in Milwaukee County, Wisconsin, have climbed from $151,700 in 2015 to $200,000 in 2022, signaling steady growth amidst slightly more stable fluctuations compared to statewide and national averages. This may suggest a balanced market ideal for cautious investors and first-time buyers. Residential energy tax credits have seen significant variability, peaking dramatically in 2018... Read more
Median Value of Occupied Housing Units in Milwaukee County, Wisconsin Over the Last 8 Years
Median home values in Milwaukee County, Wisconsin, have seen a steady increase over the last eight years, rising from $151,700 in 2015 to $200,000 in 2022. Compared to the broader state of Wisconsin and the national average, which reached $231,400 and $179,400 respectively in 2022, Milwaukee County's growth trajectory appears more measured. This potentially indicates a more stable market, making it an attractive option for potential homeowners and investors who are wary of drastic price hikes. The relatively lower median values compared to state and national figures might also appeal to first-time homebuyers or those looking to invest in an emerging market.
Residential Energy Tax Credit Per Tax Return in Milwaukee County, WI Over the Last 9 Years
Milwaukee County, Wisconsin has seen a notable fluctuation in the residential energy tax credit per tax return over the past nine years. The average tax credit value has varied widely, with significant peaks in 2017 at approximately $393.48 and a dramatic increase in 2018 to $1458.00, likely influenced by specific energy efficiency incentives or policy changes during that period. Following this peak, the credit value steadied with more moderate values, such as $452.46 in 2019 and $583.85 in 2021. These trends could reflect varied homeowner investments in energy-efficient upgrades, potentially signaling opportunities for new constructions or renovations that align with energy-saving initiatives.
Average Real Estate Taxes Per Tax Return in Milwaukee County, WI Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Milwaukee County, Wisconsin, have demonstrated a notable upward trend, with a significant jump from $5,176.90 in 2012 to $7,583.61 in 2021. The sharp increase observed in 2018, where figures rose to $6,921.77, highlights a potentially critical period for property owners and investors evaluating long-term costs. Such trends suggest a growing tax burden which may influence decisions around property investments, appraisals, and insurance valuations in the county.
Percentage of Farm Returns in Milwaukee County, WI Over the Last 10 Years
Over the last decade, Milwaukee County, Wisconsin, has seen a marginal but continuous decline in the percentage of farm tax returns. From 0.065% in 2012 to approximately 0.046% in 2021, this decrease potentially indicates a shift in land use or economic focus away from agricultural activities. This trend can be critical for investors, developers, or residents interested in the region, as it might reflect broader changes in property values, land availability, and perhaps transitions toward more urban or suburban uses. Reduced farm activity could signify evolving opportunities or constraints in local real estate and community planning.
Number of Mortgages by Occupancy Type in Milwaukee County, WI Over the Last 5 Years in Milwaukee County
Milwaukee County has seen fluctuating trends in mortgage types over the last five years. Principal residences consistently dominate the mortgage counts, indicating strong demand for primary homes compared to investment properties and second residences. In contrast, investment properties experienced a noticeable dip in 2022, potentially reflecting market adjustments or economic shifts. These changes in occupancy type metrics might inform investors about emerging opportunities or risks and offer important insights for appraisals, insurance assessments, and real estate strategies. Hesitation to overleverage in investment properties could stem from economic caution, while robust principal home purchases underscore a healthy residential market, making Milwaukee County promising for relocations or long-term property investments.
Economic Outlook
Milwaukee County, Wisconsin has seen a generally consistent rise in the average taxable income per tax return, jumping from $50,551.27 in 2013 to $69,402.54 in 2021. Despite a slight dip between 2018 and 2020, this trend may point to economic resilience in the area. Concurrently, state and local income taxes have soared, especially post-2017, with an average reaching $14,169.67 in 2021, indicating potential legislative changes or demographic shifts. Moreover, the average total tax liability has... Read more
Average Taxable Income per Tax Return in Milwaukee County, WI over the last 9 years
Over the past nine years, Milwaukee County, Wisconsin has seen a generally upward trend in the average taxable income per tax return, rising from $50,551.27 in 2013 to $69,402.54 in 2021. This notable increase suggests potential growth and economic resilience in the area, which could be appealing for investors, real estate agents, and prospective homebuyers. However, the slight dip between 2018 and 2020 might indicate periods of economic fluctuation, possibly due to broader market or global influences. Overall, understanding these trends is crucial for those considering financial decisions or investments in the county.
Average State and Local Income Taxes Per Tax Return in Milwaukee County, WI Over the Last 10 Years
Milwaukee County, Wisconsin has seen a significant upward trend in state and local income taxes per tax return over the past decade. Starting from an average of about $6,890.41 in 2012, there's been a notable surge, especially after 2017, with figures jumping to over $12,000 by 2018 and reaching $14,169.67 in 2021. These changes likely reflect broader economic shifts, legislative updates, or demographic changes. For investors, real estate agents, or those considering a move, this increase in tax burden could be a critical factor in financial planning and decision-making.
Average Total Tax Liability Per Tax Return in Milwaukee County, WI Over the Last 10 Years
Over the past decade, Milwaukee County, Wisconsin has seen a notable increase in the average total tax liability per tax return, culminating in a peak of $11,547.42 in 2021. This upward trend, particularly the sharp rise since 2018, suggests potential growth in income levels or changes in the local tax structures. Such information could be pivotal for investors, real estate agents, and those planning to move or build in the area, as it may indicate a thriving local economy but also a higher tax burden. Appraisers and insurance agents might consider these trends when assessing property values and risks.
Cost of Living in Milwaukee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,331 | $1,524 | $1,802 | $2,809 | $1,852 |
| 1 adult 4 children | $1,331 | $1,245 | $1,386 | $2,809 | $2,013 |
| 2 adults 3 children | $1,331 | $1,245 | $1,560 | $2,809 | $1,578 |
| 1 adult 3 children | $1,331 | $1,017 | $1,143 | $2,809 | $1,740 |
| 2 adults 2 children | $1,058 | $1,019 | $1,317 | $2,485 | $1,236 |
| 1 adult 2 children | $1,058 | $761 | $901 | $2,485 | $1,353 |
| 2 adults 1 child | $1,058 | $806 | $1,075 | $1,435 | $972 |
| 1 adult 1 child | $1,058 | $520 | $659 | $1,435 | $917 |
| 2 adults | $880 | $647 | $833 | $0 | $588 |
| 1 adult | $742 | $353 | $416 | $0 | $500 |
Safety trends & Data
In Milwaukee County, Wisconsin, property crime trends have showcased significant fluctuations over the past five years. While larceny-theft remains the most common, it has dropped to 2,108 cases in 2021 from 4,678 in 2018. Vandalism and burglary generally declined, potentially easing concerns for property investors and residents. However, motor vehicle theft surged from 140 in 2020 to 507 in 2022. These variations are critical for those evaluating property values, planning insurance, or making... Read more
Property Crime Trends in Milwaukee County, WI Over the Last 5 Years
In Milwaukee County, Wisconsin, property crime has seen notable fluctuations over the past five years. Larceny-theft consistently marks the highest number of incidents, though there was a decrease from 2018’s 4,678 cases to a varied but lower range, with 2021 recording 2,108 cases. Vandalism and burglary have generally declined over the period, offering potential reassurance for property investors and residents. Interestingly, motor vehicle theft rose notably from 140 in 2020 to 507 in 2022. The data also show varying trends in fraud and embezzlement, with minor upticks and reductions observed. These shifts in crime trends are worth considering for those appraising property values, planning insurance, or entering the real estate market in Milwaukee County.
Demographics
Milwaukee County, Wisconsin's adult population skews slightly female, with women making up about 52% of the total. The county displays a diverse educational landscape where the largest segment, 29%, are high school graduates, while nearly 23% have attained at least a bachelor's degree. Age-wise, the 25 to 34 age group represents a substantial part of the population, which could indicate a workforce-heavy demographic. The region also reveals significant racial diversity, predominantly consisting... Read more
Race Distribution in Milwaukee County, Wisconsin (2022)
Educational Attainment in Milwaukee County, Wisconsin (2022)
Age Distribution in Milwaukee County, Wisconsin
Citizen Population in Milwaukee County, Wisconsin (2022)
Political Trends & Data
Milwaukee County in Wisconsin exhibited a notable Democratic lean in the 2020 U.S. Presidential Election, with Democrats potentially capturing almost 69% of the vote. Republicans trailed with close to 29%, creating a significant gap. Minor parties like the Libertarians and Greens barely registered, each securing less than 1%. This Democratic dominance could shape future political strategies at both local and state... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Milwaukee County in Wisconsin likely showed a significant lean towards the Democratic party in the 2020 U.S. Presidential Election, with Democrats potentially capturing nearly 69% of the vote. The Republican party lagged behind with close to 29%, indicating a sizable gap. Smaller parties like the Libertarians and Greens barely made a mark, attracting less than 1% each. This data may suggest a strong Democratic presence in the county, which could influence local and state-level political strategies.
29.27% of voters voted for the Republican party in the 2020 Presidential Election
69.13% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% of voters voted for the Livertarian party in the 2020 Presidential Election
0.05% of voters voted for the Green party in the 2020 Presidential Election
0.61% of voters voted for the Other party in the 2020 Presidential Election
School Data
Milwaukee County, Wisconsin's fluctuating student-to-teacher ratio, peaking at nearly 26 in 2018 and occasionally dipping below 20, consistently exceeds the U.S. national average of 14. This trend might significantly influence investment decisions in the education sector, relocation considerations for families, and local property values. Real estate agents should address these higher ratios as a potential concern for clients prioritizing educational quality, while appraisers and insurance... Read more
Student-to-teacher ratio in Milwaukee County, Wisconsin over the last 9 years
The student-to-teacher ratio in Milwaukee County, Wisconsin has shown considerable fluctuations over the past nine years, peaking at nearly 26 in 2018 and dropping below 20 in several other years. Compared to the U.S. national average of 14 students per teacher, Milwaukee County consistently sees higher ratios, which could imply larger class sizes. This trend might impact investment decisions in the education sector, influence families considering relocation, and affect property values. Appraisers and insurance agents may want to account for potential shifts in local school funding and staffing levels, which in turn could influence market dynamics and risk assessments. For real estate agents, the high ratios may be a critical talking point for clients prioritizing educational quality.
