Real Estate Investing in Mitchell, Wisconsin (53011)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53011 (Mitchell, WI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.9 — 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 Mitchell, WI (53011)?
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Market Analysis: 53011 Mitchell
The 53011 ZIP in Mitchell, WI is a local-operator market. Outside capital chasing a $384K entry has to pair deep knowledge with the discount.
For an experienced owner, 53011 can be a a viable market for hunting ground — but the discount at $384K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Mitchell have seen price recovery that 53011 has not matched. Sheboygan County data supports the view that the spread is structural rather than temporary.
A notable renter share of 13% in 53011 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 53011 is an operator game, not a passive one. Put differently, entry prices of $384K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Mitchell:
Market Trends
Home Value History (with trend line)
📊 How Does 53011 Compare?
| Metric | 53011 | Mitchell | Sheboygan, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $384,266 | $384,266 | N/A | $320,446 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.3% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53011 (Mitchell, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $384,266 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 30.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.1%). 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 53011
Population: 2,269
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
Frequently Asked Questions
How does Mitchell, WI rate as a rental market?
Mitchell, WI rates 3.0/5 for investability. With median values at $384K and rents near $1,035/mo, the market offers reasonable fundamentals for rental investors.
Should investors worry about vacancy in Mitchell, WI?
Mitchell, WI sees elevated vacancy, which is reasonable relative to the broader WI rental market.
How much do tenants pay in Mitchell, WI?
Expect rents around $1,035/mo per month in Mitchell, WI. With home values at $384K, the yield math works out to reasonable levels for rental investors.
What investment strategy works best in Mitchell, WI?
In Mitchell, WI the durable play is typically careful cash-flow rentals with hands-on management. The combination of $384K prices and $1,035/mo rents suits that approach.
What is it like being a landlord in Mitchell, WI?
WI ranks as a landlord-friendly state for landlord-tenant law. Mitchell generally follows the statewide framework, so landlords face reasonable operating rules.
You know 53011 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 53011 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 53011 ranks in Sheboygan, WI
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