Wisconsin Real Estate Market Trends & Analysis

The Wisconsin real estate market has seen prices rise for the better part of a decade. Due to improving economic indicators and a lack of existing inventory, supply and demand fundamentals have increased prices for nearly seven consecutive years. What’s more, prices look as if they will continue to rise for the foreseeable future, further pricing many buyers out of the market.

As a result, it is currently more affordable for residents to rent in most parts of The Badger State than it is to own a home. That said, Wisconsin real estate investors should pay special consideration to long-term exit strategies. While recent appreciation rates may have limited profit margins on flips, rental properties are more viable than ever. Now, more than in years past, real estate in Wisconsin represents a great opportunity to invest in rental properties.

Wisconsin Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Lenders, Title Companies, Attorneys
Conveyance: Warranty Deed

Foreclosure Procedure

Primary Foreclosure Method: Judicial
Process Period: 6 - 10 months
Notice of Sale: Sheriff
Redemption Period: None

Taxes

Income Tax: 4.00%-7.65%
Corporate Tax: 7.90%
Sales Tax: 5.00%
Estate Tax: No
Inheritance Tax: No
Median Property Tax: 1.76%
Property Taxes by County: http://www.tax-rates.org/wisconsin/property-tax#Counties

Average Transactional Costs

Closing Cost: $2,706.00
Transfer Fee: 0.30%
Origination Fee: $2,035.00

Overview

  • Median Home Value: $190,300
  • 1-Year Appreciation Rate: +5.7%
  • Median Home Value (1-Year Forecast): +2.9%
  • Median Rent Price: $1,200
  • Price-To-Rent Ratio: 13.21
  • Average Days On Market: 63
  • Unemployment Rate: 3.1% (latest estimate by the Bureau Of Labor Statistics)
  • Population: 5,813,568 (latest estimate by the U.S. Census Bureau)
  • Median Household Income: $56,759 (latest estimate by the U.S. Census Bureau)
  • Percentage Of Vacant Homes: 12.28%
  • Foreclosure Rate: 1 in every 3,856

Wisconsin Foreclosure Trends & Statistics

Tax Lien Investing

  • Tax Lien or Deed: Tax Deed state
  • Redemption Period: None after sale