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.
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