Wisconsin offers a variety of real estate investment opportunities, depending on your budget and preferences. From bustling downtowns to rural farmland, there’s something for everyone in the Badger State.
In this article, we’ll explore some things that make Wisconsin an attractive place to invest in real estate, as well as a few of the best markets in the state for real estate investors. But, first, a little history to help set the stage for the present-day Wisconsin real estate market.
Why is Wisconsin Called the Badger State?
In the 1830s, miners often lived in caves as opposed to homes. These caves soon came to be known as “badger dens” while their occupants were referred to as “badgers.” In time, the nickname just kinda stuck, and soon, everyone in Wisconsin began to refer to themselves as badgers. When it came time to choose a state nickname, it was the obvious choice.
A Few Things on Wisconsin’s Economic History
Wisconsin has a long history of mining, agriculture, and manufacturing, which has helped to shape the state’s economy and demographics. Over the past few decades, however, there has been a shift away from these traditional industries. Today, the service sector accounts for the largest share of employment in Wisconsin, followed by manufacturing and agriculture.
This change in economic drivers has had an impact on the state’s real estate market as well. For example, downtown areas that were once bustling with activity are now seeing many vacant storefronts and office buildings. Meanwhile, other areas of the state that are benefiting from the new economy are seeing strong demand for both residential and commercial real estate.
So, Why Invest in Wisconsin Real Estate Now?
There are many reasons to consider investing in Wisconsin real estate. The state has a strong economy, with a diverse mix of industries that provide stability and growth. Additionally, the cost of living in Wisconsin is relatively affordable, making it an attractive destination for families and retirees. And, of course, there are the infamous Wisconsin winters – which can actually be an advantage for real estate investors, as they provide a built-in demand for rental properties.
Cornucopia, WI, in particular, is a great place to invest in real estate. This quaint, historic town is located on the shores of Lake Superior in Siskiwit Bay and is a popular destination for tourists and outdoor enthusiasts. The town has a thriving arts community and is home to many unique shops and restaurants. The real estate market in Cornucopia is strong, with both buyers and renters competing for properties. Prices are relatively affordable, and there is a good mix of both residential and commercial properties available.
Neighborhoods to Consider Investing
While Cornucopia is small, it has several small neighborhoods that really offer a lot for real estate investors. These are a few of the best:
1. The Waterfront – This is the most popular area in Cornucopia and is home to many of the town’s best restaurants, shops, and hotels. Properties in this area tend to be more expensive (with some estates selling for nearly $3 million), but there is a high demand for both residential and commercial real estate.
2. Downtown – Downtown Cornucopia is the historic center of town and is home to many of the town’s most iconic buildings. The area has a mix of residential and commercial properties, with a strong demand for both types of real estate.
3. Bell – Bell is a small neighborhood located on the north side of town. This area is mostly residential, but there are also a few businesses and restaurants. The real estate market in Bell is strong, with buyers and renters competing for properties.
4. Clover – Clover is a small neighborhood located on the south side of town. This area is mostly residential, but there are also a few businesses and restaurants. The real estate market in Clover is strong, with buyers and renters competing for properties.
5. Herbster – Herbster is a small neighborhood located on the west side of town. This area is mostly residential, but there are also a few businesses and restaurants. The real estate market in Herbster is strong, with buyers and renters competing for properties.
Real Estate Stats for 2022
Don’t let the town’s small population of only 98 people fool you. In 2020 alone, the population grew by 50%, likely contributing to the staggering 8.3% increase in home appreciation over the same time. There is a lot of demand for real estate in Cornucopia.
In fact, the median home value in Cornucopia is $193,100, and the median age in the area is 62 years old. This points to a strong, stable market with a high demand for both residential and commercial properties. The average real estate commission in Wisconsin stands at 5.9%, which is slightly higher than the national average of 5.5%.
The cost of living in Cornucopia is about 15% lower than the national average. This is good news for families and retirees who are looking for an affordable place to live. Additionally, the unemployment rate in Cornucopia is 8.5% – however, these figures likely reflect the large retiree population.
Median Sold Price By Bedroom Count
| 1 Bedroom | $150K |
| 2 Bedrooms | $389K |
| 3 Bedrooms | – |
| 4 Bedrooms | – |
| 5+ Bedrooms | $2.9M |
Median Sold Price Compared To Nearby Cities
| Cornucopia | $2.9M |
| Bellview | $799K |
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