Door County’s tension is a high county value base with no published market rent and mixed price evidence, so income-focused buyers should be cautious while asset-specific investigators test rent and flood exposure. Zillow reported a $438,842 median home value in 2026-06, 1.29% higher year over year. FHFA’s repeat-transaction HPI, separately labeled annual 2025 data, rose 2.61%. It is an appreciation index rather than a home value; the methods and vintages should not be merged into a single growth rate.
Housing-income underwriting cannot be completed because market rent is not published. HUD’s $1,141 two-bedroom FMR is a payment standard, not an estimate of asking rent, so gross yield cannot be calculated. The reported effective property-tax rate is 1.02%, requiring parcel-level tax-bill review alongside any rent evidence. In Realtor.com’s 2026-06 MLS data, median listing price was up 10.66%, active listings rose 27.33%, median marketing time was 40 days, and 8.87% of listings had price reductions. These are asking-price, visible-supply, marketing-time, and seller-concession measures—not closed-sale prices or proof of buyer demand.
Demand evidence is segmented rather than uniformly positive. QCEW’s 2025 county workplace data showed gains in covered employment and covered-worker wages; Leisure and hospitality was the largest disclosed private supersector. This is not resident employment or an unemployment measure. Tax-return movers numbered 798 inbound and 855 outbound, while inbound movers’ average AGI exceeded outbound movers’ by $38,283. Investor purchasers represented 40 of 475 purchase mortgages, or 8.42%, indicating a present but minority non-owner-occupant financing channel rather than evidence of broad investor control.
Inland flood is the dominant hazard. Modeled annual climate loss equals 0.06% of building value, a county-level estimate that needs flood-zone, elevation, insurance-pricing, and claims review rather than treatment as a parcel loss. The record does not publish market rent, vacancy, lease terms, closed-sale comparables, flood-insurance quotes, or parcel tax assessments. Missing rent prevents gross-yield and operating-income conclusions; the remaining omissions prevent precise valuation, carrying-cost, liquidity, and hazard underwriting.