About the 4 County Milwaukee Metro

Real Estate Agent with Realty Executives Integrity

Milwaukee-Waukesha-West Allis The Milwaukee MSA is made up of Milwaukee, Waukesha, Ozaukee, and Washington Counties. It is Wisconsin's largest MSA, with 1.5 million residents in 2007.

It includes Milwaukee, West Allis, Wauwatosa, and Greenfield in Milwaukee County; Waukesha, New Berlin, and Brookfield in Waukesha County; Mequon and Cedarburg in Ozaukee County; and West Bend and Germantown in Washington County. Ozaukee County was recently ranked the second best place to raise a family, and Milwaukee was named the third best city for commuters.

Home to the Milwaukee Bucks professional basketball team and the Milwaukee Brewers baseball club, the Milwaukee MSA hosts three UW campuses and multiple campuses of three tech college system schools: Waukesha County, Morraine Park, and the Milwaukee Area Technical Colleges. In addition, Milwaukee is home to several private colleges, such as Marquette University, the Medical College of Wisconsin, Alverno College, the Milwaukee School of Engineering and others.

Housing in the Milwaukee-Waukesha-West Allis MSA Home prices in the Milwaukee area have increased 31.4% over the last five years, greater than the 28.2% increase seen statewide. Growth in Milwaukee mostly outpaced the state, although in the past few years growth has lagged behind the state. The OFHEO report for the second quarter of 2008 showed that home prices declined 0.9% versus the first quarter, although they increased 0.3% versus a year ago. The Wisconsin Department of Revenue's 2008 residential equalized values increased 1.2%, although economic changes brought values down one-tenth of a percentage point. MSA totals were reached by combining county-wide data. The declines were seen in Waukesha and Ozaukee Counties. Milwaukee County saw no change due to economic conditions, while Washington County saw a 0.1% increase due to economic change.

Comments (1)

Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Nice market report and superb facts that really let people know about the MSA

Aug 18, 2009 04:25 AM