What’s going on with Wisconsin real estate and its investment landscape?
With the exception of Milwaukee, WI might appear to be a very non-descript state to many out of area real estate investors. However, the state’s underestimated fundamentals just might be what makes it stand out as an exciting choice for investment.
It’s place in That 70s Show, and the fact it has to be cold due to being so far north may be the limit of many global property investor’s knowledge of Wisconsin, but there is a lot more to it than that.
Wisconsin’s major cities include the capital, Madison, and Milwaukee. This is “America’s Dairyland,” and a strong manufacturing state. This together with the fact it isn’t reliant on oil prices for its economic strength, and the fact its third biggest industry is surprisingly tourism creates an interesting contrast to destinations investors may have been in so far.
While many states saw population numbers deflate in the wake of the crises, the US Census Bureau reports WI has actually seen consistent population growth from 2000 through 2010, and through 2014. In fact, Wisconsin’s population has shown positive growth in every census since 1820.
WI Real Estate Statistics
According to real estate data compiler Trulia and census statistics many WI real estate related statistics mirror the median, or average across the US. Every stat on median family and household income, value of owner-occupied housing, and asking prices, all fall within a few thousand dollars up or down from the national median.
According to the Wisconsin Realtors Association the state’s real estate market found its legs again in 2012. Both 2013 and 2014 saw home sales volumes exceed that of 2007. However, while WI home prices also began to rise again in 2012, they were still below their 2007 highs as we turned into 2015.
By the end of the first quarter 2014 Dane County foreclosures had reportedly almost receded back to their 2008 levels, but still remained almost double that of 2006. In summary; this data all suggests a growing marketplace which still offers attractive opportunities to real estate investors.
WI Investment Property Loans
Indiana mortgage lenderRentalHomeFinancing.com has been quickly rolling out new investment property loan programs for WI rental property financing and apartment buildings. With over $75M in income property loans made in 2014 alone this lender has quickly become a popular choice for unlimited cash out refinances, expanded credit apartment building loans, and generous LTVs (as high as 75%).
WI Real Estate Resources
Landlord & Real Estate Law in Wisconsin:
Investment Real Estate for sale by the State of Wisconsin
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