Sheboygan’s Zillow typical home value is $268,123, while Zillow’s typical observed market rent is $1,011 per month. The pairing equates to a 4.5% gross yield before operating costs, vacancy, financing, property taxes, or repairs. As an affordability screen, the Zillow home value is 4.26x ACS median household income, and annual Zillow rent is 19.3% of that income. These citywide benchmarks frame pricing and observed market rent; they do not establish a property’s cash flow.
City housing stock has a 6.1% vacancy rate, and renters occupy 39.1% of occupied homes. Single-family units make up 59.2% of all units, while large multifamily buildings account for 9.7%. ACS reports median home value and median gross rent for surveyed occupied housing; gross rent includes contract rent and selected utilities. Those ACS measures are not the same period or construct as Zillow’s typical home value and observed market rent, so the series should not be averaged.
Direct city depth is mixed. Among renter households, 35.8% pay at least 30% of income toward rent. ACS identifies 277 vacant units for rent, 165 for sale, and 287 for seasonal use; these are vacancy-reason counts, not a measure of investment inventory or guaranteed rental availability. Population increased 2.7% between overlapping ACS five-year vintages to 49,645, a comparison that may reflect boundary differences as well as change. Median household income is $62,927, while poverty is 12.3% and unemployment is 2.7%. These citywide survey facts describe household and demand constraints, but cannot prove lease-up for a particular rental or establish causation.
Sheboygan County context shows a $327,427 Zillow home value, $1,066 Zillow rent, and a 3.9% gross yield. In the broader Sheboygan metro, employment declined 0.3% year over year and listed supply was 2.7 months, providing metro—not city—labor and market context. The national 30-year mortgage rate was 6.69%, so national financing conditions may affect borrower payments without measuring local credit outcomes.
Main underwriting limits are the use of citywide values, ACS survey estimates, and separate county, metro, and national context rather than a subject property record. Before proceeding, check the asking price, achievable lease terms, condition and age, insurance quotes, parcel-level taxes, utilities, HOA obligations, flood hazard disclosures, financing terms, and comparable sales and rentals. Test operating costs, downtime, capital needs, and tenant qualification against the specific address rather than treating the gross yield as net return.