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Baldwin, WI—54002

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$347,000
2.7% YoY Growth
Household Income
$84,900
29.0% YoY Growth
Days on Market
28
6.0% Longer YoY
Home Price Forecast
-1.3%
Median Rent
$1,500
22.8% YoY Growth
1-Bed Rent
$900
2.9% YoY Growth
2-Bed Rent
$1,600
35.6% YoY Growth
3-Bed Rent
$1,300
4.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Baldwin, WI

As of May '26, the median home price in Baldwin, WI is $347,000, with a year-over-year change of 2.7%. This indicates that home prices in Baldwin, WI are increasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$347,0002.7%
Single Family $349,0002.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$271,0000.0%
    3 Bed
    		$326,0000.9%
    4 Bed
    		$369,0001.4%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.1%
    1 Bedroom
    6.3%
    2 Bedrooms
    23.5%
    3 Bedrooms
    38.5%
    4 Bedrooms
    26.3%
    5+ Bedrooms
    5.3%

    Rental Trends — Baldwin, WI

    As of July '25, Rentcast reports the average rent in Baldwin, WI is $1,510, with a year-over-year rent change of 22.8%. Per bedroom, the median rent as of July '25 in Baldwin, WI is 1-bedrooms: $900, 2-bedrooms: $1,600, 3-bedrooms: $1,410, 4-bedrooms: $1,500. The most common rental property sizes in Baldwin, WI are 2-bedroom and 1-bedroom, accounting for 52.2% and 22.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,500$1,510
    Studio Rent N/AN/A
    1 Bed Rent $900$900
    2 Bed Rent $1,600$1,600
    3 Bed Rent $1,300$1,410
    4 Bed Rent $1,500$1,500
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    % of Rental Stock

    1 Bedroom
    22.1%
    2 Bedrooms
    52.2%
    3 Bedrooms
    20.5%
    4 Bedrooms
    1.9%
    5+ Bedrooms
    3.3%

    Property Listings — Baldwin, WI

    As of May '26, Realtor.com reports that the median days on market for a home in Baldwin, WI is 28. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,0006.0%
    Listing Count
    		21-3.0%
    Listings as % of Homes0.6%-3.0%
    Days on Market
    		286.0%
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    Demographics — Baldwin, WI

    As of the latest ACS Survey released in 2023, Baldwin, WI has a population of 6,890, which has increased by 7.6% over the past 5 years. Baldwin, WI is a popular place for families, as children make up 29.8% of the population. The area has a moderately educated workforce, with 33.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		6,8907.6%
    % Under 18
    		29.8%11.6%
    % Seniors
    		13.1%-4.4%
    % WFH
    		13.7%234.1%
    % w/ College Degree
    		33.4%56.8%
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    As of the latest ACS Survey released in 2023, Baldwin, WI is a predominantly white area, with 95.3% of the population identifying as white. The white population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Baldwin, WI is black, making up 1.2% of the population. Foreign-born residents account for 0.8% of the population in Baldwin, WI, and this percentage has decreased by 38.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		95.3%3.1%
    % Black
    		1.2%∞%
    % Hispanic
    		1.1%-75.0%
    % Asian
    		0.3%-50.0%
    % Foreign Born
    		0.8%-38.5%
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    Mortgage and Risk — Baldwin, WI

    According to HUD data as of 2023, there were 71 mortgage originations in Baldwin, WI, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Baldwin, WI. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		71
    % Conventional Loans
    		79.0%
    % Government Loans
    		21.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Baldwin, WI

    As of 2024, the percent of homes in Baldwin, WI under the Section 8 program is 5.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Baldwin, WI, because HUD payments exceed market rent, while 2-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		67
    Total Units Section 8
    		32
    % Rentals under Section 8
    		5.7%
    % Occupied Section 8
    		92.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$300$900$1,200
    2 Bedroom-$140$1,600$1,460
    3 Bedroom$670$1,300$1,970
    4 Bedroom$740$1,500$2,240

    Affordability — Baldwin, WI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$347,000
    Median Household Income$84,900

    Baldwin, WI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Hammond, WI

    54015

    Woodville, WI

    54028

    Wilson, WI

    54027

    Spring Valley, WI

    54767

    Roberts, WI

    54023

    Frequently Asked Questions