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Cost of Living & Affordability: Fond du Lac, WI

Updated 2026 · Based on median market data for Fond du Lac, WI

Cap Rate
1.65%
Median Price
$280K
Rent/Mo
$1,070
1% Rule
0.38%
Fails

Housing Affordability

Fond du Lac's price-to-income ratio is 5.2x — homes cost 5.2 times the local median household income of $53,700. Housing is stretched relative to local incomes. Many workers are effectively priced out of buying, creating deep rental demand. This is favorable for landlords but also means your tenants may be more cost-sensitive.

Rent vs Buy Analysis

A typical mortgage payment on a median-priced home in Fond du Lac (20% down at 7%) is approximately $1,862/mo for principal and interest alone — add taxes and insurance and the all-in payment reaches roughly $2,394. The median rent of $1,070/mo is significantly less than buying — this rent-vs-buy gap is one of the strongest indicators of sustainable rental demand. When renting is cheaper than buying, the renter pool stays deep and vacancy stays low.

Income & Employment

The median household income in Fond du Lac is $53,700, with a population of 50,000 growing at 0.5% per year. Fond du Lac is a smaller market. Research the local employment base carefully — smaller cities can be significantly impacted by a single employer's decisions.

What This Means for Investors

The stretched affordability means strong rental demand, but tight margins require precision. Target below-median prices where rents are still strong, or use value-add strategies to force equity and improve cash flow.

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How Fond du Lac Compares

Fond du Lac vs Wisconsin state average and national average across key investment metrics. Fond du Lac's cap rate is below both benchmarks — deal sourcing is critical here.

Metric
Fond du Lac
Wisconsin Avg
National Avg
Cap Rate
1.65%
1.83%
3.81%
Median Price
$280K
$309K
$333K
Median Rent
$1,070
$1,223
$1,524
Property Tax
1.88%
1.88%
1.08%
Vacancy
5.5%
5.5%
5.6%
Pop. Growth
0.5%/yr
0.5%/yr
0.9%/yr

Nearby Midwest Markets

City
Cap Rate
Price
Rent
Tax
Fond du Lac, WI
1.7%
$280K
$1,070
1.88%
Janesville, WI
2.3%
$280K
$1,230
1.88%
Vermillion, SD
1.9%
$280K
$950
1.2%
Indianapolis, IN
4.2%
$285K
$1,490
0.84%
Carmel, IN
4.4%
$285K
$1,490
0.82%

Frequently Asked Questions

Is Fond du Lac affordable for renters?
Renters in Fond du Lac spend approximately 24% of median household income on rent. This is within the standard 30% affordability threshold, suggesting renters have room in their budgets. The median household income is $53,700, below the level needed for comfortable renting.
What is the price-to-income ratio in Fond du Lac?
Fond du Lac's price-to-income ratio is 5.2x, meaning homes cost 5.2 times the local median income. This is moderate — some residents can buy, many choose to rent.
Is it cheaper to rent or buy in Fond du Lac?
A mortgage payment (20% down, 7% rate) on the median $280K home is approximately $1,490/mo before taxes and insurance. Adding those costs brings it to roughly $2,022/mo. The median rent of $1,070/mo is less than the cost of buying — this gap supports continued rental demand.
How does Fond du Lac's cost of living compare to the national average?
Home prices in Fond du Lac ($280K) are 16% below the national average. Rents ($1,070/mo) are 30% below average. Property taxes (1.88%) are above the 1.08% national average.
Full Fond du Lac Analysis →Cap Rate CalculatorBRRRR Calculator

Explore Fond du Lac & Related Markets

More Fond du Lac Guides

Rental Property Investment GuideRent AnalysisProperty Tax GuideAppreciation & Growth ForecastNeighborhood Investment Guide

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