Baldwin, WI—54002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Baldwin, WI
As of Oct '25, the median home price in Baldwin, WI is $335,000, with a year-over-year change of 2.2%. This indicates that home prices in Baldwin, WI are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $335,000 | 2.2% |
| Single Family | $337,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $261,000 | 1.2% |
3 Bed | $316,000 | 0.6% |
4 Bed | $359,000 | 0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,510 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Baldwin, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Baldwin, WI is 52. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | 4.0% |
Listing Count | 22 | -1.0% |
| Listings as % of Homes | 0.6% | -1.0% |
Days on Market | 52 | -11.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,890 | 7.6% |
% Under 18 | 29.8% | 11.6% |
% Seniors | 13.1% | -4.4% |
% WFH | 13.7% | 234.1% |
% w/ College Degree | 33.4% | 56.8% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $335,000 |
| Median Household Income | $84,900 |