What is the Best Neighborhoods USA ranking for Sherman Park?
Sherman Park is ranked #145 of 154 eligible neighborhoods in Milwaukee; #383 of 394 eligible neighborhoods in WI; and #13,721 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Sherman Park
Milwaukee, WI | Milwaukee County
Scored premium profile
Best Neighborhoods USA Index
28.5
Stability and Strength
9.8
Value Opportunity
28.5
Momentum
58.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Milwaukee, WI |
| County | Milwaukee County |
| National rank | #13,721 of 14,967 |
| State rank | #383 of 394 |
| City rank | #145 of 154 |
| County rank | #196 of 205 |
| National percentile | 8.3 |
| National band | LOWER_25_PERCENT |
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market
Inquire about this marketUnsold commercial placement. No local expert is currently assigned.
Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $141,734 |
| Year-over-year home value change | 2.8% |
| Month-over-month home value change | -0.17% |
| Home value to income ratio | 4.58 |
| Median household income | $30,974 |
| Bachelor's degree or higher | 14.7% |
| Civilian unemployment rate | 16.3% |
| Homeownership rate | 32.3% |
| Housing vacancy rate | 26.0% |
| Rent burden 30% or higher | 67.2% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Sherman Park
Is Sherman Park one of the best neighborhoods in Milwaukee?
Sherman Park has a Best Neighborhoods USA Index of 28.5 and a city ranking of #145 of 154 eligible neighborhoods in Milwaukee.
How much are homes worth in Sherman Park?
The current Zillow Home Value Index for Sherman Park is approximately $141,734.
Are home values rising or falling in Sherman Park?
Zillow neighborhood values changed 2.8% year over year and -0.17% month over month.
What is the Neighborhood Momentum Score for Sherman Park?
Sherman Park has a Neighborhood Momentum Score of 58.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Sherman Park?
The NDS-derived neighborhood median household income is approximately $30,974.
How affordable is Sherman Park relative to household income?
The current Zillow home-value-to-household-income ratio is 4.58. Price-to-income affordability is a major Value Opportunity input.
Is Sherman Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 32.3%.
What is the unemployment rate in Sherman Park?
The NDS-derived civilian unemployment rate is approximately 16.3%.
How educated are residents of Sherman Park?
Approximately 14.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Sherman Park face high rent burden?
Approximately 67.2% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Sherman Park?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications214
Estimated originations97
Home-purchase applications91
Origination rate45.4%
Home-purchase share42.4%
Average application loan$104,318
Total application loan amount$22,362,209
National application rank#1,873 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 12.2% YoY; originations 14.4% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.