Milwaukee, WI

Richest neighborhoods in Milwaukee, WI--would you buy a home here?

Channelocity

Milwaukee, Wisconsin is home to the professional NBA team the Milwaukee Bucks, and the professional MLB league the Milwaukee Brewers. Situated right on Lake Michigan's western shore, some of the wealthiest neighborhoods in the U.S. are located here.

We found the wealthiest places to live in all of Milwaukee and the results may surprise you.

#1-Downer Woods

Downer Woods tops the list of the wealthiest areas to live in Milwaukee, Wisconsin. This small area is located right next to the University of Wisconsin, Milwaukee. The median home price is $584,713 which makes it more expensive than 98.5% of the neighborhoods in Wisconsin.

Additionally, the average rental cost in this neighborhood is higher than 97.1% of the neighborhoods in Wisconsin.

Only 4.2% of America's neighborhoods are wealthier than the Downer Woods. Amazingly, 70.4% of the residents of the Downer Woods neighborhood are currently enrolled in college.

#2-Kilbourn Town

Coming in at number two on our list in Kilbourn Town. The median home price is $526,513. This area is described as a great spot for young single professionals, college student-friendly, and a luxury community.

Interestingly enough, the gender ratio is out of proportion with 70.4% men and 29.6% men inhabiting Kilbourn Town.

#3-Lower East Side

The median home price in the Lower East Side area of Milwaukee is $505,023. A 4,629 square foot home in this area is currently listed for $1,295,000 on Redfin. This home has 3 bedrooms and 4.5 bathrooms.

In addition to being the third most expensive neighborhood in Milwaukee, the Lower East Side neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 97.0% of the neighborhoods in America. Most neighborhoods on this list are larger than usual. However, 90.9% of the real estate here is small in size. This is one of the most unique features of this neighborhood along with just a handful of other neighborhoods in the U.S. that share this characteristic.

#4-Yankee Hill

The median home price of Yankee Hill is $478,881, which is more expensive than 95.4% of the neighborhoods in Wisconsin. Additionally, this neighborhood is more densely populated than 96.3% of neighborhoods in the U.S., with 26,282 people per square mile living here.

This area has a higher income than 47.3% of the neighborhoods in America. Unsurprisingly, 62.7% of the working population is employed in executive, management, and professional occupations.

#5-Upper East Side

The Upper East Side in Milwaukee is home to some of the wealthiest people in the city. The median home price in this area is $458,633, which is more expensive than 93.5% of the neighborhoods in Wisconsin.

Unsurprisingly, people who live in the Upper East Side neighborhood in Milwaukee have money, making it among the 15% highest income neighborhoods in America. This neighborhood has a higher income than 88.5% of the neighborhoods in America.

Milwaukee residents, what do you think of this list? Have you ever been here? Would you live in any of these neighborhoods? Let us know in the comment section!

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