Real Estate Investing in Washington Island, Wisconsin
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in Washington Island, WI? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 55.4% of homes vacant — above national norms.
What’s happening in Washington Island, WI?
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Market Trends — Washington Island, WI
Home Value History
Investing in Washington Island Real Estate
Across Washington Island's 1 ZIPs, the picture is soft: $405K median values, $927/mo rents, and a population that has faced real economic pressure.
The investment case for Washington Island is difficult to make on screen data alone. a challenging fit for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.
Rents in Washington Island at $927/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.
Washington Island's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.
Landlord Ground Truth
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ZIP Codes in Washington Island, WI
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View PlansFrequently Asked Questions About Washington Island, WI
What real estate strategy is ideal for Washington Island, WI?
The best-fit strategy in Washington Island, WI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How much rent can I charge in Washington Island, WI?
Average rent in Washington Island, WI is approximately $927/mo per month. Against $405K home values that yields a reasonable rent-to-price ratio.
Is it easy to find good tenants in Washington Island, WI?
Tenant quality in Washington Island, WI ranks as solid. Landlords generally report reliable occupancy at market rents of $927/mo.
Should investors worry about vacancy in Washington Island, WI?
Vacancy risk in Washington Island, WI is elevated. That supports steady cash flow for typical rental holds.
What is the typical home price in Washington Island, WI?
The median home value in Washington Island, WI is roughly $405K. That puts it reasonable relative to the WI statewide average.
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