Why Live in Alverno
Alverno, a neighborhood in the southwest suburbs of Milwaukee, is known for its proximity to Alverno College and convenient access to downtown Milwaukee and American Family Field. The neighborhood features a variety of home styles, including large colonials from the early 2000s, modest 1920s bungalows, ranch condos with vaulted ceilings, and midcentury homes. Cherokee Point, a subdivision within Alverno, is notable for its historic Tudors and colonials made from Lannon Stone. The crime rate in Alverno matches the national average. Key roads like Cherokee Way and Forest Home Avenue are lined with local eateries such as Di Stefano’s Pizza Palace and Scordato Bakery. For shopping, residents frequent the Southgate Shopping Area, which includes a Walmart Supercenter and Pick ’n Save grocery. Jackson Park hosts a seasonal farmers market and offers walking trails, a public pool, and athletic facilities. Zablocki Park provides tennis and basketball courts, baseball and soccer fields, and a nine-hole golf course. The Ride Milwaukee County Transit System bus services the area, and major highways make commuting easy, with Milwaukee Mitchell International Airport just 7 miles away. The Golda Meir School, a highly rated high school, serves the area, offering an AP Diploma program and a wide selection of Advanced Placement courses. Aurora St. Luke’s Medical Center, recognized for its stroke and cardiac care, is the nearest hospital.
Frequently Asked Questions
Is Alverno a good place to live?
Alverno is a good place to live. Alverno is considered car-dependent and somewhat bikeable with some transit options. Alverno has 6 parks for recreational activities. It is somewhat dense in population with 10.3 people per acre and a median age of 35. The average household income is $87,687 which is below the national average. College graduates make up 20.5% of residents. A majority of residents in Alverno are renters, with 57.9% of residents renting and 42.1% of residents owning their home. A
local real estate agent serving Alverno can help you decide if this neighborhood is the right one for you. Learn more on our
Alverno neighborhood guide.
How much do you need to make to afford a house in Alverno?
The median home price in Alverno is $312,000. If you put a 20% down payment of $62,400 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,590 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $68K a year to afford the median home price in Alverno. The average household income in Alverno is $88K.
What are the best public schools in Alverno?
The best public schools that serve Alverno are:
What are the best private schools in Alverno?
The best private schools that serve Alverno are:
What are the most popular zip codes in Alverno, Milwaukee, WI?
What are the most popular neighborhoods near Alverno, Milwaukee, WI?
Are home prices dropping in Alverno?
Yes, home prices in Alverno are down 8% in the last 12 months.
Home Trends in Alverno, WI
On average, homes in Alverno, Milwaukee sell after 42 days on the market compared to the national average of 52 days. The median sale price for homes in Alverno, Milwaukee over the last 12 months is $310,250, down 18% from the median home sale price over the previous 12 months.
Median Sale Price
$310,250
Median Single Family Sale Price
$324,500
Median Townhouse Sale Price
$340,000
Median 2 Bedroom Sale Price
$270,000
Average Price Per Sq Ft
$175
Number of Homes for Sale
2
Last 12 months Home Sales
8
Median List Price
$312,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-18%