Real Estate Investing in Baldwin, Wisconsin (54002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54002 (Baldwin, WI)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Baldwin, WI (54002)?
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Market Analysis: 54002 Baldwin
Put differently, ZIP 54002 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $346K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 54002 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 54002 sits on the difficult end of the WI spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 54002 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 54002 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Baldwin:
Property Strategy for 54002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $260,892 | $1,520 | 4.2% | +6.7% | $130,446 |
| 3BR | $316,021 | $2,020 | 4.6% | +6.4% | $105,340 |
| 4BR | $359,385 | $2,270 | 4.5% | +6.5% | $89,846 |
Market Trends
Home Value History (with trend line)
📊 How Does 54002 Compare?
| Metric | 54002 | Baldwin | Wisconsin |
|---|---|---|---|
| Home Value | $346,158 | $346,158 | $320,446 |
| 5-Year CAGR | 4.7% | 4.7% | 7.3% |
| Avg Rent | $1,368 | $1,368 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54002 (Baldwin, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $346,158 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 54002
Population: 6,887
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 54002
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much do tenants pay in Baldwin, WI?
Rent in Baldwin, WI is around $1,368/mo. The resulting rent-to-value relationship with $346K pricing is reasonable for most investor models.
What is the typical renter like in Baldwin, WI?
Tenant quality in Baldwin, WI ranks as solid. Landlords generally report predictable occupancy at market rents of $1,368/mo.
How do home values compare in Baldwin, WI?
Homes in Baldwin, WI typically sell near $346K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
What is the best play in Baldwin, WI?
Baldwin, WI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($346K prices, $1,368/mo rents) make it a reasonable choice.
How does Baldwin, WI stack up for property investment?
Baldwin, WI records an investability rating of 3.0/5, with median home values near $346K and average rents around $1,368/mo. That combination puts it in the significant tier for investor interest.
You know 54002 now. You don’t know where it ranks.
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How 54002 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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