Milwaukee property values along streetcar route increase

MILWAUKEE (CBS 58) – City officials say Milwaukee property values have increased along the streetcar route.

Property values within a one-quarter mile of The Hop streetcar route have climbed almost 28 percent since 2015 when the streetcar was announced, according to Milwaukee Mayor Tom Barrett.

The mayor’s office says the values along the route have grown at twice the rate of property value growth citywide.

According to information from the city, property values within one-quarter mile of the streetcar route rose from $3,090,271,332 to $3,952,429,882 since 2015, a 27.9 percent increase.

Citywide values went up 13.4 percent during that same period.

The Hop will begin service on November 2.