Real Estate Investing in Ellison Bay, Wisconsin (54210)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54210 (Ellison Bay, 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: 65.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 46.8 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ellison Bay, WI (54210)?
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Market Analysis: 54210 Ellison Bay
Not every below-median market is a bargain. Ellison Bay's 54210 ZIP clocks in at signals that favor experienced operators who can absorb the risk $520K pricing implies.
The investment case in 54210 is notable only for operators who understand what they are buying. A $520K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within WI, ZIP 54210 trails on several market indicators that neighboring Door County submarkets outperform. The gap is real and healthy enough to shape underwriting.
A robust renter share of 15% in 54210 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends toward 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 Ellison Bay:
Market Trends
Home Value History (with trend line)
📊 How Does 54210 Compare?
| Metric | 54210 | Ellison Bay | Wisconsin |
|---|---|---|---|
| Home Value | $519,996 | $519,996 | $320,446 |
| 5-Year CAGR | 5.8% | 5.8% | 7.3% |
| Avg Rent | $927 | $927 | - |
| Cap Rate | 1.4% | 1.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54210 (Ellison Bay, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $519,996 |
| Monthly Rent | $927 |
| Price-to-Rent | 46.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.1% |
| Cap Rate | 1.4% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (1.4%). 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 54210
Population: 893
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 do rentals go for in Ellison Bay, WI?
Ellison Bay, WI rentals go for roughly $927/mo a month. That puts gross yield in solid territory relative to $520K acquisition costs.
How expensive is real estate in Ellison Bay, WI?
Homes in Ellison Bay, WI typically sell near $520K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Is real estate in Ellison Bay, WI a good investment right now?
Our data puts Ellison Bay, WI at 3.0/5 for investability. Home prices of $520K and rents around $927/mo create a solid backdrop for investor activity.
What kind of vacancy should I budget for in Ellison Bay, WI?
Rental vacancy in Ellison Bay, WI is elevated. Investors should budget normal turnover but not chronic empty units.
How do landlord-tenant laws work in Ellison Bay, WI?
Landlord-friendliness in Ellison Bay, WI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
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