Real Estate Investing in Pelican Lake, Wisconsin (54463)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54463 (Pelican Lake, 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: 60.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 33.6 — 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 Pelican Lake, WI (54463)?
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Market Analysis: 54463 Pelican Lake
This part of Oneida County is not an easy win. The 54463 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 54463 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 54463 among WI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 54463 includes headwinds that any investor should price in. Income distribution skews lower than Pelican Lake averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 54463 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Pelican Lake:
Market Trends
Home Value History (with trend line)
📊 How Does 54463 Compare?
| Metric | 54463 | Pelican Lake | Wisconsin |
|---|---|---|---|
| Home Value | $351,894 | $351,894 | $320,446 |
| 5-Year CAGR | 4.5% | 4.5% | 7.3% |
| Avg Rent | $873 | $873 | - |
| 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 54463 (Pelican Lake, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $351,894 |
| Monthly Rent | $873 |
| Price-to-Rent | 33.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 54463
Population: 763
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
🎓 Nearby Colleges & Universities
Investor Insight: With 622 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Pelican Lake, WI?
Investors tracking Pelican Lake, WI will find a 3.0/5 rating supported by $352K median home values and $873/mo rents. That profile suits long-term holders targeting stable returns.
Is housing expensive in Pelican Lake, WI?
The median home value in Pelican Lake, WI is roughly $352K. That puts it reasonable relative to the WI statewide average.
What is the smart move for investors in Pelican Lake, WI?
Pelican Lake, WI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($352K prices, $873/mo rents) make it a reasonable choice.
What kind of vacancy should I budget for in Pelican Lake, WI?
Pelican Lake, WI sees elevated vacancy, which is reasonable relative to the broader WI rental market.
Is WI a landlord-friendly state?
Rental owners in Pelican Lake, WI deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
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