Property values continue to rise within the city of Milwaukee, apparently at a higher rate than those in the suburbs. It appears that city schools have lost much of their depressing effect on property values. This does not mean that all the schools are in good shape, just that parents have so many choices they need not avoid a neighborhood because they don't like the school.
I continue to feel that a study of the relationship between schools and property values would be valuable. One complicating factor in such a study, however, is that there is unlikely to be a direct relationship between schools and property values in the immediate area of the schools, again because of the wealth of choices parents have.
It is also very likely that property values in the city still lag between those of similar property outside despite recent percentage gains, simply because city values have fallen so far behind.
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