Real Estate Investing in Long Lake, Wisconsin (54542)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54542 (Long Lake, WI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 76.8% of homes vacant — above national norms.
• 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 Long Lake, WI (54542)?
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Market Analysis: 54542 Long Lake
The 54542 ZIP covers a section of Long Lake that demands careful diligence. Prices near $165K look accessible, but the work to make a deal cash flow is real.
The investment case in 54542 is sturdy only for operators who understand what they are buying. A $165K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 54542 sits on the difficult end of the WI spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 54542 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 54542 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Long Lake:
Market Trends
Home Value History (with trend line)
📊 How Does 54542 Compare?
| Metric | 54542 | Long Lake | Iron Mountain, MI-WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $165,380 | $165,380 | N/A | $320,446 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.3% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54542 (Long Lake, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,380 |
| Monthly Rent | $945 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +16.1% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 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 (4.5%). 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 54542
Population: 615
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
Are renters plentiful in Long Lake, WI?
Working renters make up the core of the Long Lake, WI tenant base. The pool is reasonable for investors targeting long-term holds.
Is house hacking profitable in Long Lake, WI?
House hacking works a challenging in Long Lake, WI. Rents of $945/mo against $165K acquisition make the strategy solid for owner-occupants.
Are homes affordable in Long Lake, WI?
Long Lake, WI median home values land near $165K. That is reasonable territory for investors looking at $945/mo-per-month rentals.
Does Long Lake, WI favor landlords or tenants?
Long Lake, WI operates under WI law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
What is the rental occupancy rate in Long Lake, WI?
Long Lake, WI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 54542 now. You don’t know where it ranks.
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How 54542 ranks in Iron Mountain, MI-WI
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