Wisconsin is the 20th worst state in which to buy a rental property, according to research by Construction Coverage. The report identified five key factors including gross rent yield, recent and projected changes in home prices, property tax burdens, and unemployment rates. Key analysis for Wisconsin are:
- Gross rental yield: 5.74%
- Median home price: $202,197
- Previous 1-year change in home price: 8.77%
- Projected 1-year change in home price: 9.63%
- Average property tax burden: 1.53%
- 2019 unemployment rate: 3.2%
By comparison, statistics nationwide are:
- Gross rental yield: 6.26%
- Median home price: $262,604
- Previous 1-year change in home price: 8.39%
- Projected 1-year change in home price: 10.50%
- Average property tax burden: 1.03%
- 2019 unemployment rate: 4.5%
