Deep River Partners talked with “Home Builder Digest on the topic
The story is excerpted here:
Nicknamed “Brew City,” Milwaukee is said to be the beer capital of the world. Lake Michigan played a big role in establishing Milwaukee’s title as it made the transport of beer to Chicago a lot easier. The city is also known for its ethnically diverse communities. With more than a hundred festivals year-round, Milwaukee is also dubbed the “City of Festivals.” One can expect to find all sorts of celebrations: from the Wisconsin State Fair, to the commemoration of different cultural heritages, to various sporting events.
This year, Milwaukee welcomed more than 10,000 new residents into the area, most of whom were from big cities. The city offers a great urban work-life balance that people prefer, including the short commute time, affordable neighborhoods and lower cost of living compared to other parts of the country. A little more than two-fifths of the city is reserved for residential construction, and around 89% of that area is used by freestanding duplex and single-family homes. According to Norada Real Estate Investments’ Milwaukee 2021-2022 forecast, Downtown Milwaukee is attracting more college students seeking employment, and over the past 12 months, the city’s appreciation rate is up to 9.45%.
Given all this information on what the city has to offer, prospective homeowners have one question: how much does it cost to build a house in Milwaukee?