Real Estate Investing in Fish Creek, Wisconsin (54212)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54212 (Fish Creek, 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: 70.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 41.3 — 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 Fish Creek, WI (54212)?
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Market Analysis: 54212 Fish Creek
This part of Door County is not an easy win. The 54212 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $553K asset, 54212 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Fish Creek have seen price recovery that 54212 has not matched. Door County data supports the view that the spread is structural rather than temporary.
Resident income in 54212 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 54212 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Fish Creek:
Market Trends
Home Value History (with trend line)
📊 How Does 54212 Compare?
| Metric | 54212 | Fish Creek | Wisconsin |
|---|---|---|---|
| Home Value | $552,591 | $552,591 | $320,446 |
| 5-Year CAGR | 6.7% | 6.7% | 7.3% |
| Avg Rent | $1,116 | $1,116 | - |
| Cap Rate | 1.6% | 1.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54212 (Fish Creek, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $552,591 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 41.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.6% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 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 (1.6%). 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 54212
Population: 903
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 54212
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.
Frequently Asked Questions
Is Fish Creek, WI a good market for buy-and-hold investors?
Our data puts Fish Creek, WI at 3.0/5 for investability. Home prices of $553K and rents around $1,116/mo create a solid backdrop for investor activity.
What is the rental occupancy rate in Fish Creek, WI?
Occupancy in Fish Creek, WI runs consistent with elevated vacancy. Well-priced units at $1,116/mo lease on reasonable timelines.
Where do rents currently stand in Fish Creek, WI?
Investors in Fish Creek, WI typically see rents near $1,116/mo per month against $553K home values - a solid setup for rental cash flow.
What price range are homes in Fish Creek, WI?
The median home value in Fish Creek, WI is roughly $553K. That puts it reasonable relative to the WI statewide average.
Can owner-occupants cash flow in Fish Creek, WI?
Fish Creek, WI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,116/mo rent level.
You know 54212 now. You don’t know where it ranks.
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