Introduction

Investing in rental properties can be a lucrative venture, provided you make informed decisions about where and what to buy. A good rental property offers a balance of affordability, high demand, and long-term appreciation. Location plays a crucial role in determining the profitability and desirability of a rental property. Factors such as convenience, local attractions, average home prices, return on investment, and proximity to key amenities all contribute to making a location ideal for investment.

Outagamie County, located in Wisconsin, is an area with significant potential for rental property investments. With its mix of vibrant neighborhoods, cultural attractions, and economic opportunities, it presents a variety of choices for investors looking to capitalize on the rental market.

Best Neighborhoods and Areas in Outagamie County, WI

1. Appleton

Grades:

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

Convenience: A
Appleton offers excellent convenience with its well-developed infrastructure, including public transportation, shopping centers, and medical facilities. The city is home to a variety of schools and educational institutions, making it a great place for families.

Tourist Attractions: B+
While not a major tourist hub, Appleton boasts several attractions such as the Fox Cities Performing Arts Center, the Hearthstone Historic House Museum, and the Trout Museum of Art. These contribute to the cultural appeal of the area.

Things to Do: A
Residents of Appleton enjoy a rich selection of activities including parks, dining, entertainment, and outdoor recreational options. The city hosts numerous events and festivals throughout the year.

Avg Home Prices: B
The average home prices in Appleton are relatively affordable compared to other urban centers, making it accessible for investors looking to enter the rental market.

Return on Investment: A-
Appleton offers a strong return on investment due to its stable economy and high rental demand. The presence of several large employers adds to the economic stability of the area.

Proximity to Work-related Travel: A
Appleton is well-positioned with easy access to key work-related travel destinations, including hospitals, convention centers, and sports venues. The Appleton International Airport further enhances its connectivity.

X-Factor: A
Appleton's unique charm lies in its blend of small-town friendliness with big-city amenities. The vibrant downtown area, coupled with a strong sense of community, makes it highly desirable.

2. Kaukauna

Grades:

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

Convenience: B+
Kaukauna offers good convenience with essential services and amenities within easy reach. It has a growing retail sector and several schools, though it is smaller in scale compared to Appleton.

Tourist Attractions: B
Kaukauna features a few notable attractions such as the 1000 Islands Environmental Center and several historic sites. While not a major tourist destination, it has its own charm and appeal.

Things to Do: B+
The city provides various recreational opportunities, including parks, trails, and local events. It has a quieter, more relaxed atmosphere, making it ideal for those seeking a slower pace of life.

Avg Home Prices: B+
Home prices in Kaukauna are reasonably affordable, presenting good opportunities for investors. The market is less competitive, which can be advantageous for new investors.

Return on Investment: B+
Kaukauna offers a solid return on investment, driven by steady demand and a growing local economy. Rental properties here can yield consistent returns.

Proximity to Work-related Travel: B
While not as central as Appleton, Kaukauna is still conveniently located near major highways and transportation routes, facilitating work-related travel.

X-Factor: B+
Kaukauna’s unique appeal lies in its blend of natural beauty and small-town charm. The community-oriented atmosphere and scenic landscapes add to its desirability.

3. Little Chute

Grades:

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

Convenience: B
Little Chute provides essential services and amenities, although on a smaller scale. It is a family-friendly area with a good selection of schools and parks.

Tourist Attractions: B-
The village has limited tourist attractions but features local highlights like the Windmill Cultural Center and Van Lieshout Park.

Things to Do: B
Recreational activities in Little Chute are modest but sufficient for a comfortable lifestyle. The community hosts events and has parks and recreational facilities.

Avg Home Prices: A-
Little Chute offers some of the most affordable home prices in the county, making it attractive for investors looking for lower entry costs.

Return on Investment: B
The return on investment in Little Chute is moderate, with steady rental demand and affordable property prices contributing to a balanced investment opportunity.

Proximity to Work-related Travel: B-
The village is less central, but still accessible to major routes and neighboring cities, making it suitable for those needing to travel for work.

X-Factor: B
Little Chute’s unique feature is its strong community spirit and cultural heritage, which create a welcoming and cohesive environment for residents.

4. Grand Chute

Grades:

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

Convenience: A-
Grand Chute offers excellent convenience with numerous shopping centers, restaurants, and services. The area is well-developed and provides easy access to everything residents might need.

Tourist Attractions: B+
Attractions in Grand Chute include the Fox River Mall, Timber Rattlers Stadium, and several parks. It draws visitors for shopping and entertainment.

Things to Do: A-
Residents enjoy a wide range of activities, from shopping and dining to sports and outdoor recreation. The area is bustling with options for entertainment.

Avg Home Prices: B+
Home prices in Grand Chute are relatively affordable, with a variety of properties available, making it a good option for investors.

Return on Investment: A-
Grand Chute provides a strong return on investment due to its high rental demand and economic activity. The area's growth prospects further enhance its investment potential.

Proximity to Work-related Travel: A-
The area is well-connected with major highways and close to the Appleton International Airport, making it ideal for those who travel frequently for work.

X-Factor: B+
Grand Chute’s unique appeal lies in its dynamic environment and accessibility. The combination of urban amenities and suburban comfort makes it a desirable location.

5. Combined Locks

Grades:

• Convenience: B
• Tourist Attractions: C+
• Things to Do: B-
• Avg Home Prices: B+
• Return on Investment: B
• Proximity to Work-related Travel: B-
• X-Factor: B-

Convenience: B
Combined Locks offers basic amenities and services, suitable for a quieter lifestyle. It has a small-town feel with essential conveniences nearby.

Tourist Attractions: C+
Tourist attractions are limited, but the village is close to larger cities with more options. Local parks and the nearby Fox River provide some recreational opportunities.

Things to Do: B-
Recreational options are modest but sufficient for a peaceful lifestyle. The community has parks and hosts local events, fostering a close-knit environment.

Avg Home Prices: B+
Home prices in Combined Locks are quite affordable, making it an attractive option for investors seeking lower initial costs.

Return on Investment: B
The return on investment is steady, with consistent demand for rental properties. The area’s affordability enhances its investment appeal.

Proximity to Work-related Travel: B-
Combined Locks is less central but still accessible to major transportation routes, providing reasonable convenience for work-related travel.

X-Factor: B-
The village’s unique charm lies in its tranquility and strong sense of community. It offers a serene living environment away from the hustle and bustle of larger cities.

Conclusion

Outagamie County, WI, offers a variety of neighborhoods and areas, each with its own unique characteristics and investment potential. From the vibrant city life of Appleton to the quiet charm of Combined Locks, investors can find a range of opportunities to suit their preferences and investment goals. Understanding the strengths and weaknesses of each area is crucial in making an informed investment decision and unlocking the full potential of rental properties in this promising region.