Real Estate Investing in Cleveland, Wisconsin (53015)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53015 (Cleveland, WI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 27.5 — 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 Cleveland, WI (53015)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53015 Cleveland
The 53015 ZIP covers a section of Cleveland that demands careful diligence. Prices near $329K look accessible, but the work to make a deal cash flow is real.
The investment case in 53015 is resilient only for operators who understand what they are buying. A $329K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within WI, ZIP 53015 trails on several market indicators that neighboring Manitowoc submarkets outperform. The gap is real and robust enough to shape underwriting.
Demographically, 53015 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 53015 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Cleveland:
Market Trends
Home Value History (with trend line)
📊 How Does 53015 Compare?
| Metric | 53015 | Cleveland | Wisconsin |
|---|---|---|---|
| Home Value | $329,376 | $329,376 | $320,446 |
| 5-Year CAGR | 8.4% | 8.4% | 7.3% |
| Avg Rent | $999 | $999 | - |
| Cap Rate | 2.4% | 2.4% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53015 (Cleveland, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $329,376 |
| Monthly Rent | $999 |
| Price-to-Rent | 27.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +12.0% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (2.4%). 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 53015
Population: 2,792
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 53015
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,201 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are renters plentiful in Cleveland, WI?
Working renters make up the core of the Cleveland, WI tenant base. The pool is reasonable for investors targeting long-term holds.
What kind of vacancy should I budget for in Cleveland, WI?
Occupancy in Cleveland, WI runs stable with elevated vacancy. Well-priced units at $999/mo lease on reasonable timelines.
What is the average home sale price in Cleveland, WI?
Typical homes in Cleveland, WI go for around $329K. The 5-year CAGR of 0.0% predictable price movement.
How landlord-friendly is Cleveland, WI?
Landlord-friendliness in Cleveland, WI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What kind of market is Cleveland, WI for investors?
Investors tracking Cleveland, WI will find a 3.0/5 rating supported by $329K median home values and $999/mo rents. That profile suits long-term holders targeting predictable returns.
You know 53015 now. You don’t know where it ranks.
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