That is to say, the population of Milwaukee--like that of Chicago--is decreasing.
In fact, the population of Milwaukee in 2023 is LESS than its population in 1930, just as Chicago's population is less than that of 1920.
Of course, that doesn't count illegals.
There are implications to these factors. Ordinarily, declining population results in less demand for housing, which results in a decrease in housing costs. Look at the "Average Price/Square Foot" in Milwaukee you'll see that--after the rebound of 2013/14--that average is trending downward through 2019.
On this chart you can see that Total Assessed Value of residential properties has barely risen above its high of '08 by 2022. The City has increased its total assessments/tax base by rapidly increasing its "commercial property" numbers.
It's likely that housing costs are being kept afloat (barely) by the influx of illegals. At the same time, citizens are leaving Milwaukee at a steady clip.
That doesn't bode a healthy future, especially if a recession takes hold in the next several months.
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