Wisconsin: Eau Claire and Rapids · Member since 2019 · 93 posts · 58 votes
Ok why is Milwaukee rent down? I tried googling to see if anyone had an explanation, but all the news articles say rents are up, supply is down, market is super tight for rentals. Which is it?
Eventually I want a rental in Milwaukee, if I ever get a house there but it's a little disheartening to see rents down...
Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
4y
You can’t beieve the media anymore. They contradict one another and soe writers have no clue. 6 months ago Zillow suddenly reported my duplex dropped from 650 to 440 when evry other source reports 650 to 675!
Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
4y
You can’t beieve the media anymore. They contradict one another and soe writers have no clue. 6 months ago Zillow suddenly reported my duplex dropped from 650 to 440 when evry other source reports 650 to 675!
Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes
4y
I can't confirm that. Last number I have from CoStar is rents are up +6.1%. Vacancy rate ultra low at 2.6% We have increased rents on older leases about 5% this year which is in line with wage growth. Demand is very strong. We get lots of unsolicited requests and usually take a new listing on Zillow down after 48 hours to process the amount of requests we have.