Who Lives in Milwaukee’s Condos?
The UWM Center for Urban Initiatives and Research (CUIR) undertook the first comprehensive study on Milwaukee’s “condo boom” to understand who was actually living in the condos stretching from the northern part of Walker’s Point up to North Avenue on the East Side.
They found a couple really good things from the perspective of an urbanist (or anyone that lives in Milwaukee for that matter). First, that the condo owners in 88% of the cases are using their condos as their primary residence. A sign that they’re likely spending and investing their time and money in Milwaukee, and most likely in the very neighborhood in which they reside. Second, 45% of respondents said location was the most important factor in purchasing their condo. A great sign that things are working in some of Milwaukee’s densest neighborhoods.
A couple of other key highlights include that for residents using the condo as their primary residence 45% previously lived in the city of Milwaukee. That number grows to 65% if you consider all of Milwaukee County. Nearly 10% of owners are from Waukesha County. Only 4% of condo owners using their condo as a primary residence previously lived in the Chicago area, but 18% of condo owner’s last primary residence was out of state.
Only 2% of total condo owners live in the Chicago area and don’t don’t use their condo as a primary residence. Out of all the condo owners that responded, only 4% of condo owners don’t use it as their primary residence and live in the Milwaukee metro area, with almost half of them living in Milwaukee County
In what did they live before? The study found that 38% lived in apartments, and an equal and opposite 38% lived in single-family homes.
What does the study show? You can make a lot of assumptions from the study, but you can’t deny that it appears people want to live in Milwaukee.