Real Estate Investing in Forestville, Wisconsin (54213)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Door County • Population: 1,473 • Data updated: September 2026

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Should you buy in 54213 (Forestville, WI)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (56/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 12.2% of homes vacant — above national norms.
  • High price-to-rent: Price-to-rent ratio 25.4 — 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 Forestville, WI (54213)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $299,518
Avg Monthly Rent $981
1% Rule ✗ Does Not Meet
Median Income $82,059
% Renters 11.1%

Market Analysis: 54213 Forestville

The 54213 ZIP in Forestville, WI is a local-operator market. Outside capital chasing a $300K entry has to pair deep knowledge with the discount.

Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 54213 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.

In the broader WI picture, 54213 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.

Employment concentration in 54213 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.

The 54213 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Forestville:

C+ Average
Buy Confidence Score: 67/100
Affordability
15/25
Appreciation
22/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 3.7× the median income
Value Trend
Rising (+7.1%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $981/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.

Market Trends

Home Value History (with trend line)

$322K$285K$248K$211K$174K$137KFeb 2016May 2021Jul 2026

📊 How Does 54213 Compare?

Metric 54213 Forestville Wisconsin
Home Value $299,518 $299,518 $320,446
5-Year CAGR 6.6% 6.6% 7.3%
Avg Rent $981 $981 -
Cap Rate 2.6% 2.6% -
💡 Why Invest in 54213? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 54213 (Forestville, WI). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.6%
Low
5yr Growth
+6.6%
Strong

📊 Market Snapshot

Home Value $299,518
Monthly Rent $981
Price-to-Rent 25.4:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 3.9%
Cap Rate 2.6%
5-Year IRR 9.2%

📈 Home Appreciation

1-Year +7.1% ▲
3-Year CAGR +5.0% ▲
5-Year CAGR +6.6% ▲
10-Year CAGR +7.1% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.6%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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.

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⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
12.2%
Moderate risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+6.6%
Growing
Eviction process: Fast Rent control: Favorable

Demographics in 54213

Population: 1,473

💰 Median Household Income
$82,059
This area
$82,059
State
$73,177
USA
$74,580
🏠 Renter Occupied
11.1%
This area
11.1%
State
22.0%
USA
34.0%
💼 Unemployment Rate
1.3%
This area
1.3%
State
-1.8%
USA
3.7%
🎓 College Educated
20.1%
This area
20.1%
State
17.1%
USA
33.7%
👤 Median Age
43.6 years
This area
43.6 years
State
35.3 years
USA
38.9 years
🏚️ Vacancy Rate
12.2%
This area
12.2%
State
17.1%
USA
10.5%
👥 Population by Ethnicity
White 92.4%
Other/Mixed 7.5%
Hispanic/Latino 4.1%
Asian 0.1%
👶 Under 18
21.0%
This area
21.0%
USA
22.0%
👴 65 and Over
20.0%
This area
20.0%
USA
17.3%
📊 Poverty Rate
7.6%
This area
7.6%
USA
11.5%

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

How do experienced investors play Forestville, WI?

The best-fit strategy in Forestville, WI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

How qualified is the tenant pool in Forestville, WI?

Expect a solid tenant pool in Forestville, WI. The rental market absorbs $981/mo rents without meaningful friction.

How high is vacancy risk in Forestville, WI?

Forestville, WI carries elevated vacancy risk. Expect even-keeled absorption at market rents of $981/mo.

Is WI a landlord-friendly state?

The landlord environment in Forestville, WI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

What do landlords charge for rent in Forestville, WI?

Expect rents around $981/mo per month in Forestville, WI. With home values at $300K, the yield math works out to reasonable levels for rental investors.

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