Real Estate Investing in Richfield, Wisconsin (53017)
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Should you buy in 53017 (Richfield, 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 33.3 — 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 Richfield, WI (53017)?
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Market Analysis: 53017 Richfield
Investors eyeing 53017 need to respect the fundamentals at play. Home values of $579K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $579K asset, 53017 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 53017's metrics run below Washington County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 53017 ZIP's population of 5,284 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
The right play in 53017 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Richfield:
Market Trends
Home Value History (with trend line)
📊 How Does 53017 Compare?
| Metric | 53017 | Richfield | Milwaukee-Waukesha, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $579,310 | $568,013 | N/A | $320,446 |
| 5-Year CAGR | 5.5% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,449 | $1,476 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53017 (Richfield, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $579,310 |
| Monthly Rent | $1,449 |
| Price-to-Rent | 33.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.0%). 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 53017
Population: 5,284
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 53017
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Friess Lake Elementary
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 4,204 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Richfield, WI a good investment right now?
Richfield, WI rates 3.0/5 for investability. With median values at $579K and rents near $1,449/mo, the market offers reasonable fundamentals for rental investors.
Is Richfield, WI better for rentals, flips, or BRRRR?
For Richfield, WI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How much rent can I charge in Richfield, WI?
Rents in Richfield, WI run near $1,449/mo. Compared with median home prices of $579K that produces solid gross yields for typical rentals.
Do landlords face vacancy issues in Richfield, WI?
Rental vacancy in Richfield, WI is elevated. Investors should budget normal turnover but not chronic empty units.
Can I house hack in Richfield, WI?
Richfield, WI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,449/mo rent level.
You know 53017 now. You don’t know where it ranks.
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How 53017 ranks in Milwaukee-Waukesha, WI
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