Unlocking Investment Potential: A Guide to Rental Properties in Kenosha County, WI

Introduction

Investing in rental properties can be a lucrative endeavor if approached with careful consideration and strategic planning. A good rental property often boasts a combination of factors, including location, affordability, potential for appreciation, and rental demand. Among these, location plays a crucial role, influencing property value, tenant quality, and rental income. Kenosha County, WI, offers a promising landscape for rental property investors, with its diverse neighborhoods, economic growth, and attractive amenities.

In this guide, we will explore the best neighborhoods in Kenosha County, grading each on convenience, tourist attractions, things to do, average home prices, return on investment, proximity to work-related travel, and the unique 'x-factor' that makes each area desirable.

Best Neighborhoods and Areas in Kenosha County, WI

1. Downtown Kenosha

Grades:

• Convenience: A
• Tourist Attractions: A
• Things to Do: A
• Average Home Prices: B
• Return on Investment: B+
• Proximity to Work-Related Travel: A
• X-Factor: A

Convenience: Downtown Kenosha offers excellent convenience with its central location, access to public transportation, and proximity to shops, restaurants, and services. The area is pedestrian-friendly, making it easy for residents to navigate without a car.

Tourist Attractions: Downtown Kenosha is rich in attractions, including the Kenosha Public Museum, Civil War Museum, and the Southport Light Station Museum. The area also boasts a beautiful lakefront, enhancing its appeal to tourists and residents alike.

Things to Do: The downtown area is bustling with activities, from farmer’s markets to live music events and art shows. The vibrant nightlife, diverse dining options, and boutique shopping opportunities ensure there is always something to do.

Average Home Prices: Home prices in downtown Kenosha are moderate, with an average range between $200,000 and $300,000. This affordability makes it an attractive option for investors looking for properties with growth potential.

Return on Investment: The return on investment in downtown Kenosha is promising, thanks to its high rental demand and the potential for property appreciation driven by ongoing development and revitalization projects.

Proximity to Work-Related Travel: Downtown Kenosha’s central location provides easy access to major highways and public transportation, including the Metra train service to Chicago, making it convenient for work-related travel.

X-Factor: The unique charm of downtown Kenosha lies in its blend of historic architecture and modern amenities, creating a vibrant, eclectic atmosphere that appeals to a wide range of residents and visitors.

2. Pleasant Prairie

Grades:

• Convenience: B+
• Tourist Attractions: B
• Things to Do: B
• Average Home Prices: B
• Return on Investment: A
• Proximity to Work-Related Travel: A
• X-Factor: B+

Convenience: Pleasant Prairie offers good convenience with its suburban setting, providing easy access to shopping centers, schools, and healthcare facilities. The area is well-connected by major highways, facilitating easy commutes.

Tourist Attractions: While Pleasant Prairie is not a major tourist hub, it is home to the popular Pleasant Prairie Premium Outlets and RecPlex, the largest municipal recreation facility in the country.

Things to Do: Residents can enjoy various recreational activities, including sports, fitness programs, and community events at RecPlex. The area also features parks and nature preserves for outdoor enthusiasts.

Average Home Prices: Home prices in Pleasant Prairie are slightly higher than in downtown Kenosha, averaging between $250,000 and $350,000, reflecting its desirable suburban appeal.

Return on Investment: Investors can expect a strong return on investment due to the area's high demand for rental properties, driven by its family-friendly environment and proximity to major employment centers.

Proximity to Work-Related Travel: Pleasant Prairie's location near I-94 makes it ideal for commuters traveling to Milwaukee or Chicago. The area's connectivity and accessibility enhance its attractiveness for professionals.

X-Factor: Pleasant Prairie’s unique appeal lies in its combination of suburban tranquility and access to urban amenities, providing a balanced lifestyle for families and professionals.

3. Somers

Grades:

• Convenience: B
• Tourist Attractions: B
• Things to Do: B-
• Average Home Prices: B+
• Return on Investment: A-
• Proximity to Work-Related Travel: B+
• X-Factor: B

Convenience: Somers offers a comfortable suburban lifestyle with convenient access to essential services, schools, and the University of Wisconsin-Parkside. The area is also well-served by local roads and highways.

Tourist Attractions: While not a primary tourist destination, Somers is close to attractions in neighboring areas, such as Petrifying Springs Park and the Kenosha County Bike Trail.

Things to Do: Residents can enjoy local parks, golf courses, and community events. The proximity to UW-Parkside also offers cultural and sporting events that add to the area’s recreational options.

Average Home Prices: Home prices in Somers are relatively affordable, averaging between $220,000 and $320,000, making it an attractive option for investors seeking cost-effective properties with growth potential.

Return on Investment: Somers offers a strong return on investment, thanks to its steady demand for rental properties and its appeal to students, families, and professionals.

Proximity to Work-Related Travel: The area's proximity to I-94 and major roads makes it convenient for work-related travel to Milwaukee, Chicago, and local employment centers.

X-Factor: Somers' unique appeal lies in its blend of suburban charm and proximity to educational institutions, providing a vibrant community atmosphere.

4. Twin Lakes

Grades:

• Convenience: B
• Tourist Attractions: B+
• Things to Do: B+
• Average Home Prices: B
• Return on Investment: B+
• Proximity to Work-Related Travel: B-
• X-Factor: A

Convenience: Twin Lakes offers a peaceful, small-town feel with essential services and shops nearby. The area is slightly more remote, but residents enjoy the tranquility and natural beauty.

Tourist Attractions: Twin Lakes is known for its scenic lakes and outdoor activities, including boating, fishing, and water sports. The area attracts tourists seeking a relaxing, nature-centric getaway.

Things to Do: Outdoor enthusiasts will find plenty to do in Twin Lakes, from hiking and biking to enjoying water activities on the lakes. The community also hosts seasonal events and festivals.

Average Home Prices: Home prices in Twin Lakes are moderate, averaging between $200,000 and $300,000, providing affordable options for investors.

Return on Investment: The return on investment in Twin Lakes is solid, particularly for properties near the lakes, which are in high demand for vacation rentals and seasonal tenants.

Proximity to Work-Related Travel: Twin Lakes is more suited for those who work locally or remotely, as it is farther from major employment hubs. However, it offers a serene living environment that many find worth the commute.

X-Factor: The unique draw of Twin Lakes is its picturesque setting and abundance of outdoor recreational opportunities, making it an ideal spot for nature lovers and those seeking a quieter lifestyle.

Conclusion

Kenosha County, WI, presents a diverse range of investment opportunities in its various neighborhoods. Whether you are looking for a bustling downtown area, a tranquil suburban setting, or a scenic lakeside retreat, Kenosha County has something to offer. Each area has its strengths and unique characteristics, providing investors with a variety of options to match their investment goals and tenant preferences. By understanding the local market and the unique attributes of each neighborhood, you can unlock the full potential of rental properties in Kenosha County.