Top 3 Hottest Markets in Milwaukee + Top 3 Lowest Competition

[@financialwolf]

Surprised Bayview wasn’t on the top hottest list. Currently looking in Walkers Point area

[@MarcusMKE]

Bayview has been running hot for years, so it had a head start over for example West Allis, values are already higher. Also, it's not a municipality, it's part of Milwaukee propper, so it gets lumped into that data set. Are you looking for an investment property or a place for you?

[@financialwolf]

@@MarcusMKE A place for me!

[@financialwolf]

@@MarcusMKE But eventually would like to rent it out but for now living in it a few years

[@MarcusMKE]

@@financialwolf okay great, there are also a few other areas to consider - if we can help with that let me know: [e-mail]

[@meganximenes5577]

Thank you for making such thoughful and comprehensive content! Excellent work!

[@MarcusMKE]

Appreciate the comment, happy to hear! Feel free to email me, if we can be of service

[@JJSEvolution]

Wauwatosa prices have gotten insane. Haven't seen a house posting less than $275,000.

[@MarcusMKE]

Well, it's a question of what you consider normal. Average US home prices are around 400k and Tosa is one of the most desirable nhs, definitely above average. My guess is people will pay quite a bit more in 10 years than today

[@thestrappingentrepreneur2822]

great video!

[@afshinshawn6802]

Thank you 🙏 awesome informative videos as always..

[@johndoe7741]

I may have missed it but what is the average purchase price in tosa right now?

[@MarcusMKE]

2023 YTD average is 390k (+9.6%), but May average was 430k (+17.7%) - which really shows the dynamic of the spring market. This is going to be the base line for next year.

[@katieweiher]

This is absolutely fascinating!

[@MarcusMKE]

Yes it is - and completely uncharted territory for Milwaukee. Glad you liked it!

[@justinzunker]

Another great video Marcus!

[@MarcusMKE]

Thanks Justin!

[@seanshapiro414]

My Family just bought a House closing is Friday 🙏🏾

[@MarcusMKE]

Congrats! Where is it?

[@warren7327]

Just a small correction, the North-South Freeway, now known as I-43, was originally completed north of North Ave in the early '60s. (First two lanes opened while the other two were built.) In the late '60, it was completed from North Ave to Becher St., including the original Marquette Interchange. In 1981, the designation was changed from US-141 to I-43, but that involved no changes south of Grafton other than new signs. North of Grafton to Green Bay (especially Sheboygan to Green Bay) there had been significant changes through the '70s that needed to be done to get the Interstate designation, but south of Grafton it had already been built to Interstate standards of the time. A more significant project that spurred development in Mequon was Mequon Rd (WIS-167) being widened in the late '70s and early '80s. That allowed people to get to I-43 easier. Widening of Green Bay Rd (WIS-57) in the late '60s and early '70s had helped, but not nearly as much as Mequon Rd. Both of these projects were consolation prizes after the Stadium North Freeway, which was planned to roughly run about where 60th St would be, and connect to the stub of the Stadium Freeway that ends at Garfield St now, as well as connect to the never built Park-West Freeway. There also were plans for an outer belt freeway, none of which got built. The northern most segment, from Menomonee Fals to I-43 never got beyond a rough pencil line north of Mequon Rd. I don't believe there was any land acquisition, and not even any preliminary plans before all that got canceled, but it being canceled is why building up Mequon Rd to that level was done even though the area was basically working farmland at the time. But as for the North-South Freeway, other than the new I-43 signage, 1981 wasn't a significant year for the Grafton to Milwaukee segment.

[@MarcusMKE]

Thanks for the clarification Warren! This type of detail and historic information is not readily available - have you been professionally involved in this field?

[@warren7327]

@@MarcusMKE I was born in Milwaukee in 1960. My favorite toy was a street map making me a true street nut. I also briefly studied urban development in college, but no degree. I moved from Milwaukee to Portland, OR during the tech boom in 1995, and I'll probably be returning in 5-ish years. I'm also in the midst of writing a book on Milwaukee transportation, specifically the history of the bus routes (others have already covered streetcars, and trackless trolleys), with a focus on how the various bus routes affected neighborhood development, especially focusing on the era when baby boomers, and Gen-X'ers explored Milwaukee using those buses. Milwaukee really is a city of neighborhoods, and transportation's relationship to those neighborhoods can even be seen in how the city developed going all the way back to as soon as people had options beyond walking, or horses. Historic transportation patterns solve a lot of mysteries! (BTW... I love your channel!)

[@MarcusMKE]

@@warren7327 interesting! I may have to pick your brain on a few topics! One of the biggest game changers was when everyone got a car and Milwaukee exploded in the 50s and 60s - for example Brown Deer went from farm fields to suburb in a few years! We need this type of housing development again (just big enough, nice yard, garage, AND affordable for the workforce) to meet demand! But now Milwaukee is landlocked - lake on one side and large parcel (luxury, low density housing) zonening all the way arround.. The freeway expansion was not discussed very much, it just started to happen a year ago, I don't think most people realice the scale of it. And frankly, I am surprised it was started with so much foresight; the current roads were able to handle today's traffic quite well. On ethe other hand the new major is talking about doubleing the population, so we may need it.. What do you think?

[@MrKuba1285]

Hello Markus, have you heard about the city of Milwaukee's ambition to grow its population to a million people living inside the city limits? Do you think its possible/doable?

[@MarcusMKE]

I like the idea. You have to think big. Demand supports it. The greater MKE area is becomming more and more popular every year, just look at the U-Haul reports. MKE has a great vibe, lots of opportunity, cool and stable climate which is great for economy, fresh water, no major environmental threats like hurricanes or earthquakes. Most of the city area is poorly used (1920's developments) and could be replaced with mid-rise condo buildings, which would make it easily possible to grow the population and is also the only way you can provide a feasable price affrodability for first time buyers, basically a starter home. But we also have big challenges to overcome. Crime and segregation are just the tip of the iceberg, this goes a lot deeper into parenting and children growing up outside of wedlock (I believe that's the professional term), income opportunities, schools (massive issue) and education, infrastructure, public transportation. Our unemplyment rate is unhealthy low, it stuns our economic growth, but we can't even bring people in without housing and that hinges on our completly messed up zoning policy. Our suburbs are actually the worts: you can't even pay for the infratructure necessary with 3 or 5 acre single family home lots! Too many linear feet or road, water, sewer, electrical, snow removal, public works stuff for too few housholds.. So yes we need more high density housing in order to pay for all this. So, yes I thing it's very ambitious and far from easy, but noth worth trying is every easy..

[@certifiedforkliftdriver9987]

Good video... but the data shows that people prefer walkable communities, so I think it's mistaken that your top 3 underrated markets are all auto-dependent. I would look at Washington Heights, Pewaukee, etc. Young people *will not* want to move suburban markets unless prices force them. This is fundamentally wrong - auto dependancy is not a selling point outside of the Sunbelt.

[@MarcusMKE]

You are correct about the preference for walkable neighborhoods! The top 3 underrated are based on MLS data - and it just supports your point: they are not walkable and perhaps that is one of the reasons why they are NOT so competitive. Milwaukee is trying to create new zoning laws for more walkable neighborhoods, but Milwaukee was mostly built for cars after the 1950s, so it will take time to change that.. Even in Washington Hights you'll need a car to either get to work or to get groceries, in Pewaukee for sure!

[@captainmorgan5449]

Great video. I would have titled the video "Milwaukee Metropolitan Area" as all of the municipalities you spoke of are not Milwaukee. With the up tick in crime in Milwaukee, alot of prospective buyers are looking to get out of Milwaukee County. As border municipalities (Wauwatosa, Brown Deer, Shorewood, Whitefish Bay) are affected by the activity in Milwaukee. Just recently, car chase in Shorewood ended with the Milwaukee county sheriff vehicle slamming into a residential home. Keep up the good work...

[@MarcusMKE]

Yes you are right: technically it's the Milwaukee-Waukesha Metroa area, sometimes also called the Milwaukee-Wauksha-West Allis Metro Area - that's just a mouth full!! I have started to mention this here and there in my videos: whenever I talk about "Milwaukee" I refer to the entire mentro area and not Milwaukee propper (aka the City of Milwaukee). Greater Milwaukee Area is another term. What you call the boarder muinis are actually all in Milwaukee County as well, we have 19 in total. And then the 5 surrounding counties. So yeah, it's complicated and I simplify and follow what most folks would casually say if they are travelling in FL, asked where they are from it does not matter if Shorewood or Brookfield - they just say "Milwaukee".

[@trooper40below]

I disagree with you. Brookfield, Mequon, Germantown, Thiensville, Cedarburg, Grafton, New Berlin, Menomonee Falls, Delafield, Muskego, …thats all apart of Milwaukee and all those areas are affected by crime as well. I’m in Law Enforcement and these communities in Milwaukee County, Washington County, Ozaukee County, and Waukesha County is Milwaukee in essence. Milwaukee affect these counties and affect the entire southeastern region of the state.

[@captainmorgan5449]

@@trooper40below Ok, I am a government official and a licensed real estate professional. I agree that crime is in Waukesha, Ozaukee, Washington counties. Crime is everywhere. Statistically... Milwaukee proper... crime is higher. I have a relative who is selling his Milwaukee County suburban home and he is building a home in Waukesha County.