Real Estate Investing in Baileys Harbor, Wisconsin (54202)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54202 (Baileys Harbor, 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: 55.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 34.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Baileys Harbor, WI (54202)?
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Market Analysis: 54202 Baileys Harbor
Not every below-median market is a bargain. Baileys Harbor's 54202 ZIP clocks in at signals that favor experienced operators who can absorb the risk $493K pricing implies.
The 54202 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 54202 among WI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 54202 ZIP's population of 1,707 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Baileys Harbor:
Market Trends
Home Value History (with trend line)
📊 How Does 54202 Compare?
| Metric | 54202 | Baileys Harbor | Wisconsin |
|---|---|---|---|
| Home Value | $493,420 | $493,420 | $320,446 |
| 5-Year CAGR | 6.9% | 6.9% | 7.3% |
| Avg Rent | $1,197 | $1,197 | - |
| Cap Rate | 1.9% | 1.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54202 (Baileys Harbor, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $493,420 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 34.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (1.9%). 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 54202
Population: 1,707
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
Frequently Asked Questions
What is the smart move for investors in Baileys Harbor, WI?
A careful cash-flow rentals with hands-on management strategy Baileys Harbor, WI best. The market produces reliable results for that approach at the $493K price point.
Should investors consider Baileys Harbor, WI?
Baileys Harbor, WI stands at an investability rating of 3.0/5, with median home values near $493K and average rents around $1,197/mo. That combination puts it in the healthy tier for investor interest.
What are home prices like in Baileys Harbor, WI?
In Baileys Harbor, WI the median home value sits at $493K. Against the broader WI market, that reads as reasonable for most investors.
Is Baileys Harbor, WI good for landlords?
Baileys Harbor, WI operates under WI law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What is the tenant pool like in Baileys Harbor, WI?
Working renters make up the core of the Baileys Harbor, WI tenant base. The pool is reasonable for investors targeting long-term holds.
You know 54202 now. You don’t know where it ranks.
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