Where to obtain market data- Wisconsin?

Question

Wisconsin- I am looking for a source for market data to analyze deals in the "picking a market worksheet". What are some of the resources experienced investors are using for job growth, home ownership rates, average rent, population growth, etc. I would like to look at metro areas in the state of Wisconsin.

I thank you in advance,

Dave

I thank you in advance,

Dave

Gregory Chadwell · Answer

Another good metric to check is www.spotcrime.com to see if the neighborhood is safe.

Hot neighborhoods in Milwaukee in my opinion are: Bay View, East Side, Riverwest, North Shore, 3rd Ward, 5th Ward, Garden district. Nearby communities: St. Francis, Cudahy, South Milwaukee, Oak Creek, Wauwatosa,Elm Grove, Greenfield, Greendale, Franklin and Muskego to name a few.

Dave Wacholtz · Answer

Marcus, Clare and Gregory

I appreciate the information and your time. This forum is filled with incredibly generous people!

Dave

Dave Wacholtz · Answer

Ryan,

Thanks you, that'll get me started. I appreciate your time.

Dave

Clare Pitcher · Answer

Two tools we mainly use to determine average rent for a specific area within Milwuakee are Rentometer and Rentfinder. Both pulls reports from a nearby radius of rentals and gives you the average number. These tools make it very easy to find an average rental rate for any given area and are incredibly user friendly. The report attaches similar homes, number of beds and bed, square footage, a zillow link, and a link to google maps. Hope this helps!

Marcus Auerbach · Answer

Wisconsin has only one metro area and that is Milwaukee with about 1.6 million people. Madison, Green Bay and Appleton would be next are much smaller markets. The issue with the Milwaukee metro area is that most statistics you find online are about the city of Milwaukee, which is only about 590k population and economically by far the weakest. The 4 surrounding counties and 19 municipalities is where all the growth happens. Just look up Milwaukee Market Update on YouTube. We have a chronic housing shortage and which is driving competitiveness, even now, as many of the US markets have been softening and are seeing much higher levels of inventory. I looked up Austin yesterday for a relo client and they have 5.9 months of inventory and 97% list to sale ratio, while we sit at just under 2 months and 101% list to sale. With lower rates, spring market will be interesting.

Ryan Konen · Answer

To analyze market data in Wisconsin, experienced investors often turn to resources like the U.S. Census Bureau for demographic insights, homeownership rates, and population growth. Zillow and Redfin provide data on average rent and housing prices, while the Bureau of Labor Statistics is valuable for job growth and employment trends. Additionally, local economic development agencies can offer specific data on metro area job trends and economic development. These tools combined can help you assess investment potential in Wisconsin’s metro areas effectively.

Where to obtain market data- Wisconsin?

Where to obtain market data- Wisconsin?

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