Real Estate Investing in Addison, Wisconsin (53002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53002 (Addison, WI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 34.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Addison, WI (53002)?
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Market Analysis: 53002 Addison
Not every below-median market is a bargain. Addison's 53002 ZIP comes in at signals that favor experienced operators who can absorb the risk $426K pricing implies.
For an experienced owner, 53002 can be a worth a close look for hunting ground — but the discount at $426K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Addison have seen price recovery that 53002 has not matched. Washington County data supports the view that the spread is structural rather than temporary.
Who lives in 53002 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 53002 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Addison:
Market Trends
Home Value History (with trend line)
📊 How Does 53002 Compare?
| Metric | 53002 | Addison | Milwaukee-Waukesha, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $426,153 | $426,153 | N/A | $320,446 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.3% |
| Avg Rent | $1,026 | $1,026 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53002 (Addison, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $426,153 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 34.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 53002
Population: 2,611
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 53002
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is Addison, WI a good place for real estate investing?
Addison, WI clocks in at an investability rating of 3.0/5, with median home values near $426K and average rents around $1,026/mo. That combination puts it in the notable tier for investor interest.
How much is rent in Addison, WI?
Rents in Addison, WI run near $1,026/mo. Compared with median home prices of $426K that produces solid gross yields for typical rentals.
Does Addison, WI favor landlords or tenants?
Rental owners in Addison, WI deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What real estate strategy is ideal for Addison, WI?
Addison, WI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($426K prices, $1,026/mo rents) make it a reasonable choice.
How quickly do rentals get leased in Addison, WI?
Vacancy risk in Addison, WI is elevated. That supports reliable cash flow for typical rental holds.
You know 53002 now. You don’t know where it ranks.
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How 53002 ranks in Milwaukee-Waukesha, WI
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