Real Estate Investing in Phelps, Wisconsin

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,099 • Vilas County

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Should you buy in Phelps, WI? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (41/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 61.5% of homes vacant — above national norms.

What’s happening in Phelps, WI?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $351,363
Avg Monthly Rent $873
ZIP Codes 1

Investing in Phelps Real Estate

Phelps, WI covers 1 ZIP codes and a population but the investment metrics here are subdued — this is not a market to enter casually.

Across Phelps's 1 ZIPs, fundamentals run thin: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

clearly Phelps's sale market has not rewarded patience. a harder case for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

Population dynamics in Phelps haven't been supportive. better suited elsewhere for combined with sluggish income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$351,363
Avg Monthly Rent
$873
1% Rule
✗ Below
Landlord Friendly (WI)

ZIP Codes in Phelps, WI

Screen every ZIP in Phelps

Filter Phelps’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Phelps, WI

Is real estate in Phelps, WI a good investment right now?

Our data puts Phelps, WI at 3.0/5 for investability. Home prices of $351K and rents around $873/mo create a solid backdrop for investor activity.

Where do rents currently stand in Phelps, WI?

Rent in Phelps, WI is around $873/mo. The resulting rent-to-value relationship with $351K pricing is reasonable for most investor models.

What real estate strategy is ideal for Phelps, WI?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Phelps, WI. The numbers - $351K homes against $873/mo rents - support that play.

Are tenants stable in Phelps, WI?

The tenant pool in Phelps, WI is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.

Do rentals sit vacant long in Phelps, WI?

Phelps, WI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

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