Real Estate Investing in Sister Bay, Wisconsin (54234)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54234 (Sister 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: 54.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 35.8 — 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 Sister Bay, WI (54234)?
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Market Analysis: 54234 Sister Bay
ZIP 54234 inside Door County looks affordable on the surface — median value of $529K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 54234 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Sister Bay have seen price recovery that 54234 has not matched. Door County data supports the view that the spread is structural rather than temporary.
The 54234 ZIP's population of 2,130 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The 54234 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.
Here's what matters if you're considering buying a home in Sister Bay:
Market Trends
Home Value History (with trend line)
📊 How Does 54234 Compare?
| Metric | 54234 | Sister Bay | Wisconsin |
|---|---|---|---|
| Home Value | $528,989 | $528,989 | $320,446 |
| 5-Year CAGR | 5.8% | 5.8% | 7.3% |
| Avg Rent | $1,233 | $1,233 | - |
| Cap Rate | 1.8% | 1.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54234 (Sister Bay, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $528,989 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 35.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (1.8%). 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 54234
Population: 2,130
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 typical rental rate in Sister Bay, WI?
Expect rents around $1,233/mo per month in Sister Bay, WI. With home values at $529K, the yield math works out to reasonable levels for rental investors.
How quickly do rentals get leased in Sister Bay, WI?
Sister Bay, WI sees elevated vacancy, which is reasonable relative to the broader WI rental market.
Does Sister Bay, WI make sense for an investment property?
Sister Bay, WI registers an investability rating of 3.0/5, with median home values near $529K and average rents around $1,233/mo. That combination puts it in the robust tier for investor interest.
What are home prices like in Sister Bay, WI?
Homes in Sister Bay, WI typically sell near $529K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What kind of tenants rent in Sister Bay, WI?
Tenant demand in Sister Bay, WI is solid. The local workforce $1,233/mo rents across most rental classes.
You know 54234 now. You don’t know where it ranks.
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