Sheboygan County's real estate value for 2019 could pay for the Green Bay Packers four times over
SHEBOYGAN - The 2019 real-estate value of Sheboygan County was four times what you'd need to buy the Green Bay Packers — provided shareholders relinquish ownership — or twice the combined value of the Packers and Milwaukee's Bucks and Brewers.
According to the Wisconsin Department of Revenue, the real-estate value of Sheboygan County for 2019 was $9.9 billion. That's a 5% increase from 2018, according to a release from the Sheboygan County Economic Development Corporation.
But a single Wisconsinite could afford to buy all of the county's real estate. John Menard, owner of home improvement retail chain, Menards, is the richest person in Wisconsin with a net worth of $11.5 billion.
(It might take almost all of his wealth, but if he wants property along Lake Michigan, Sheboygan County would be a perfect asset.)
Just over a quarter of the 5% increase in value came from new construction in the county, according to the release. The following municipalities had the highest new construction investment:
- Town of Sheboygan: $21.9 million
- City of Plymouth: $21.6 million
- Village of Oostburg: $13.1 million
- City of Sheboygan: $10.8 million
- City of Sheboygan Falls: $10.7 million
- Town of Wilson: $8.6 million
- Village of Elkhart Lake: $5.1 million
“As real-estate sells for increased value it does so for one primary reason; market optimism or belief that the value of an investment is going to increase with time,” said Joseph Sheehan, executive director of the SCEDC.
According to the SCEDC, the Wisconsin Department of Revenue defines real-estate value as an estimate of the market value of all residential, commercial, manufacturing, productive forest and other sites (including farms).
Reach AnnMarie Hilton at email@example.com or (920) 242-3032. Follow her on Twitter at @hilton_annmarie.