Real Estate Investing in Minong, Wisconsin (54859)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54859 (Minong, 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: 54.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.5 — 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 Minong, WI (54859)?
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Market Analysis: 54859 Minong
This part of Washburn County is not an easy win. The 54859 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $954/mo on a $338K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 54859 sits below the stated 0.0% once reality is priced in.
Regionally, 54859 sits on the difficult end of the WI spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 54859 includes headwinds that any investor should price in. Income distribution skews lower than Minong averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 54859 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 Minong:
Property Strategy for 54859
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $278,861 | $1,060 | 2.7% | +9.5% | $139,431 |
| 3BR | $364,864 | $1,390 | 2.7% | +9.5% | $121,621 |
Market Trends
Home Value History (with trend line)
📊 How Does 54859 Compare?
| Metric | 54859 | Minong | Duluth, MN-WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $337,531 | $337,531 | N/A | $320,446 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 7.3% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 54859 (Minong, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $337,531 |
| Monthly Rent | $954 |
| Price-to-Rent | 29.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.2%). 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 54859
Population: 2,265
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
🎓 Schools in 54859
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How much does a house cost in Minong, WI?
Expect median prices around $338K in Minong, WI. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
How does Minong, WI stack up for property investment?
Investors tracking Minong, WI will find a 3.0/5 rating supported by $338K median home values and $954/mo rents. That profile suits long-term holders targeting steady returns.
How quickly do rentals get leased in Minong, WI?
Rental vacancy in Minong, WI is elevated. Investors should budget normal turnover but not chronic empty units.
Which real estate strategy fits Minong, WI?
A careful cash-flow rentals with hands-on management strategy Minong, WI best. The market produces even-keeled results for that approach at the $338K price point.
What is the renter demographic in Minong, WI?
Minong, WI draws a measured base of working renters. Demand at the $954/mo rent level is reasonable for standard single-family and small multi rentals.
You know 54859 now. You don’t know where it ranks.
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How 54859 ranks in Duluth, MN-WI
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