After a slow year with a slight dip in statewide home values, houses in Wisconsin are expected to grow in value at a rate of 2.8 percent, making them a strong investment for Rent to Own buyers. Wisconsin home prices are slightly below average, making them highly budget friendly for middle class families, and the current supply is strong. Rent to Own buyers looking for properties can also take advantage of lower rent returns, which help push landlords and investors away from holding rental properties.
The Big Cheese
One of the northern-most states in the nation, Wisconsin is world-famous for it’s dairy farming and products, particularly its cheese. So much so that fans of the Green Bay Packers refer to themselves as “cheese heads,” sporting foam hats made to look like this staple food. The Badger State is state where enjoying the great outdoors is a way of life, whether its fishing or boating in its many lakes and rivers or outdoor festivals. Major industries in the state include paper making, agriculture, dairy farming, and mining. Population growth averages at about 0.3 percent annually. Job growth in Wisconsin continues at 1.6 percent and unemployment sits at 4.8 percent. For average income, the median household income is $43,791 and the median family income is $52,911 annually.
Holy Hill, WI. Via Medical College WisconsinWisconsin buyers
Home values in Wisconsin hover just below the national average, right in a range that is affordable for middle class buyers. According to Zillow, home values in the state averaged at $152,600 in early May 2015. Some of the most popular metro areas in Wisconsin are Milwaukee, Madison, Green Bay, Eau Claire, and Kenosha.
Education School rankings are mostly good to average throughout the state with the best schools concentrated near metro areas. Wisconsin has notable universities that include University of Wisconsin-Madison, University of Wisconsin-Milwaukee, Marquette University, Medical College of Wisconsin, and University of Wisconsin-Stevens Point.
According to Neighborhood Scout, Wisconsin is safer state wide than the national average. In terms of annual crime, violent crime rates are slightly below the 3.8 per 1,000 residents national average at 2.78 while property crime is 21.89 per 1,000 residents and is below with the 27.3 national average.
Culture and Entertainment
Wisconsin offers residents many points of interest, including the Harley-Davidson Museum, Cave of the Mounds, Lambeau Field, EAA AirVenture Museum, and Olbrich Botanical Gardens. People are very positive and love the outdoors in Wisconsin, and take pride in inventing the ice cream sundae. Wisconsin is a highly diverse state, and is home to several Native American tribes. Outdoor activities and sports are the center of entertainment and mid-western home style cooking is the local favorite cuisine.