What is the Best Neighborhoods USA ranking for Alverno?
Alverno is ranked #69 of 154 eligible neighborhoods in Milwaukee; #268 of 394 eligible neighborhoods in WI; and #7,745 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Alverno
Milwaukee, WI | Milwaukee County
Scored premium profile
Best Neighborhoods USA Index
49.7
Stability and Strength
49.9
Value Opportunity
45.0
Momentum
55.8
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 | #7,745 of 14,967 |
| State rank | #268 of 394 |
| City rank | #69 of 154 |
| County rank | #113 of 205 |
| National percentile | 48.3 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $439,625 |
| Year-over-year home value change | 2.3% |
| Month-over-month home value change | -0.15% |
| Home value to income ratio | 6.83 |
| Median household income | $64,343 |
| Bachelor's degree or higher | 19.7% |
| Civilian unemployment rate | 1.4% |
| Homeownership rate | 39.5% |
| Housing vacancy rate | 0.9% |
| Rent burden 30% or higher | 40.7% |
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 Alverno
Is Alverno one of the best neighborhoods in Milwaukee?
Alverno has a Best Neighborhoods USA Index of 49.7 and a city ranking of #69 of 154 eligible neighborhoods in Milwaukee.
How much are homes worth in Alverno?
The current Zillow Home Value Index for Alverno is approximately $439,625.
Are home values rising or falling in Alverno?
Zillow neighborhood values changed 2.3% year over year and -0.15% month over month.
What is the Neighborhood Momentum Score for Alverno?
Alverno has a Neighborhood Momentum Score of 55.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Alverno?
The NDS-derived neighborhood median household income is approximately $64,343.
How affordable is Alverno relative to household income?
The current Zillow home-value-to-household-income ratio is 6.83. Price-to-income affordability is a major Value Opportunity input.
Is Alverno primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 39.5%.
What is the unemployment rate in Alverno?
The NDS-derived civilian unemployment rate is approximately 1.4%.
How educated are residents of Alverno?
Approximately 19.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Alverno face high rent burden?
Approximately 40.7% 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 Alverno?
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 applications37
Estimated originations23
Home-purchase applications15
Origination rate61.6%
Home-purchase share40.0%
Average application loan$168,003
Total application loan amount$6,177,269
National application rank#8,454 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 10.0% YoY; originations 12.4% 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.