Historic Water Tower Neighborhood Eviction Risk: Moderate

78% of occupied units are rented, so comparables are plentiful and vacancy risk is low, but a mispriced renewal loses the tenant to a building two streets over. At $1,371 a month, rents sit 29% over what the rest of Milwaukee commands.

21% are severely burdened, paying half their income or more in rent. That cohort has no absorption capacity for an unexpected bill, and it is where non-payment filings originate. Scores across the 3 constituent tracts range from 3 to 4.7. A 1.7-point internal spread means block-level underwriting beats area-level here. The clearest offset is rent-regulation exposure, at 2.5/10.

Filings are well documented here: 645 across 3 observed tracts. On the softer side is economic stress, at 3/10.

4.1% of adults report being unable to pay a utility bill, below a 9.2% national figure. Utility arrears usually lead rent arrears by a month or two. Food insecurity affects 8.5% of adults, 9.3 points below the national rate.

The worst year on record was 2008, when filings touched 9.2% of renter households. The most recent observed rate, 1.5% in 2017, is well off that peak. That places it #39 of 53 neighborhoods in Milwaukee.

The closest comparables inside the same city are Little Menomonee Parkway and Commission Row.

Underwrite the address, not the area: with 1.7 points between its best and worst tract, the per-tract table below is the operative number. The number is rebuilt whenever its ACS, court-record, or statutory inputs change.