Posted by Milwaukee Weekly on January 23, 2019 07:22:22How to save money with a house in Milwaukee?
The new apartments are a lot cheaper than you think.
According to the latest real estate market data, the median monthly price of a new Milwaukee condo has dropped from $1,600 to $1 and the average price has jumped from $2,000 to $3,400.
In the suburbs, a median monthly apartment price is $1.4 million and an average price is a cool $2.2 million.
What does that mean for you?
Well, it means that you can get your dream apartment for less than the average cost of a two-bedroom house in the Milwaukee area.
For those of you who live in the north suburbs of Milwaukee, the average monthly price is currently $1 million and the median apartment price in the city of Milwaukee is $2 million, which is well below the national average of $3 million.
And for those of us in the south suburbs of the city, the monthly apartment prices are currently $2 for the median and $1 for the average, which means you’re looking at $1 a month for a two bedroom.
Here are some other interesting things to know about the new Milwaukee condos:How much does it cost?
According to the average two-family home in Milwaukee, a new two-story condo starts at $3.3 million, a bargain compared to the $4.6 million average two bedroom home in the US, or the $8.2 billion average four-bedroom home in Canada.
And while that’s still cheaper than the median price of $2 billion in the U.S., the median two-bedrooms in the suburbs are a cool 7.3 percent more expensive than the US average.
You can save a lot of money with new Milwaukee apartments.
According to a recent report from real estate analytics company Zillow, new Milwaukee apartment rentals are cheaper than in almost every city across the country.
This is because there are more available rental units in the area, and a lot more of them.
But it’s also because of the lower vacancy rate and affordability in Milwaukee.
In addition to the fact that you’re paying less than average for your home, you’re also not paying for an empty lot or a big property tax bill.
The median rent in Milwaukee is now $1 per month, which should be enough to cover most needs for a couple who has two kids, but you can add on some extras if you have a large family or someone who needs a big house.
So if you’re still in the market for a new one, check out the list below for a few of the best new Milwaukee developments that you may be able to save some money on in the future.