Real Estate Investing in Lake Nebagamon, Wisconsin (54849)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54849 (Lake Nebagamon, 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: 34.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 32.8 — 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 Lake Nebagamon, WI (54849)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 54849 Lake Nebagamon
Not every below-median market is a bargain. Lake Nebagamon's 54849 ZIP reports signals that favor experienced operators who can absorb the risk $365K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $365K asset, 54849 is the wrong submarket. If the plan prices in friction, the yield can still work.
From an investor standpoint, 54849 offers a low basis, the region around Lake Nebagamon has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 54849 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Lake Nebagamon:
Market Trends
Home Value History (with trend line)
📊 How Does 54849 Compare?
| Metric | 54849 | Lake Nebagamon | Duluth, MN-WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $365,252 | $365,252 | N/A | $320,446 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.3% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54849 (Lake Nebagamon, WI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 54849 (Lake Nebagamon, WI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $365,252 |
| Monthly Rent | $927 |
| Price-to-Rent | 32.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.0%). 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 54849
Population: 1,826
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 investment strategy works best in Lake Nebagamon, WI?
A careful cash-flow rentals with hands-on management strategy Lake Nebagamon, WI best. The market produces consistent results for that approach at the $365K price point.
What is the typical renter like in Lake Nebagamon, WI?
Tenant demand in Lake Nebagamon, WI is solid. The local workforce $927/mo rents across most rental classes.
What is it like being a landlord in Lake Nebagamon, WI?
The landlord environment in Lake Nebagamon, WI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Lake Nebagamon, WI good for house hacking?
Lake Nebagamon, WI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $365K price point reasonable to enter.
What is the median home value in Lake Nebagamon, WI?
Lake Nebagamon, WI home values average about $365K. That price point suits investors targeting rentals with $927/mo in monthly income.
You know 54849 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 54849 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 54849 ranks in Duluth, MN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 54849 (Lake Nebagamon)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 54849 (Lake Nebagamon, WI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.