Real Estate Investing in Turtle Lake, Wisconsin (54889)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54889 (Turtle 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: 30.0% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.2 — 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 Turtle Lake, WI (54889)?
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Market Analysis: 54889 Turtle Lake
The 54889 ZIP covers a section of Turtle Lake that demands careful diligence. Prices near $326K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 54889 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 54889 sits on the difficult end of the WI spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 54889 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Turtle Lake's stable or hybrid ZIPs before stepping into 54889. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Turtle Lake:
Market Trends
Home Value History (with trend line)
📊 How Does 54889 Compare?
| Metric | 54889 | Turtle Lake | Wisconsin |
|---|---|---|---|
| Home Value | $325,730 | $325,730 | $320,446 |
| 5-Year CAGR | 6.5% | 6.5% | 7.3% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54889 (Turtle Lake, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $325,730 |
| Monthly Rent | $900 |
| Price-to-Rent | 30.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 54889
Population: 2,889
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 54889
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
What is the rental occupancy rate in Turtle Lake, WI?
Rental vacancy in Turtle Lake, WI is elevated. Investors should budget normal turnover but not chronic empty units.
Is rental property easy to operate in Turtle Lake, WI?
WI law landlord-friendly for landlords, and Turtle Lake inherits those rules. Investors should still review local ordinances for rental licensing.
What is the average monthly rent in Turtle Lake, WI?
The typical rental in Turtle Lake, WI commands about $900/mo monthly. That rent profile measured cash flow against the $326K purchase basis.
What does house hacking look like in Turtle Lake, WI?
House hacking works a challenging in Turtle Lake, WI. Rents of $900/mo against $326K acquisition make the strategy solid for owner-occupants.
What is the smart move for investors in Turtle Lake, WI?
Investors usually favor careful cash-flow rentals with hands-on management in Turtle Lake, WI. With home values at $326K and rents near $900/mo, other strategies can work but produce stable rather than outsized returns.
You know 54889 now. You don’t know where it ranks.
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