Real Estate Investing in Fredonia, Wisconsin (53021)

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

Ozaukee County • Population: 4,421 • Data updated: September 2026

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Should you buy in 53021 (Fredonia, WI)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (64/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 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 price-to-rent: Price-to-rent ratio 32.3 — 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 Fredonia, WI (53021)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $428,712
Avg Monthly Rent $1,107
1% Rule ✗ Does Not Meet
Median Income $81,859
% Renters 18.6%

Market Analysis: 53021 Fredonia

From a cash-flow lens, ZIP 53021 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $429K median. It rewards specialists, not generalists.

If the plan assumes clean turnover, on-time rent, and low maintenance on a $429K asset, 53021 is the wrong submarket. If the plan prices in friction, the yield can still work.

ZIP 53021's metrics run below Ozaukee County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.

The demographic picture in 53021 includes headwinds that any investor should price in. Income distribution skews lower than Fredonia averages, and tenant stability requires active management.

Experienced landlords with local relationships tend to find 53021 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Fredonia:

C+ Average
Buy Confidence Score: 62/100
Affordability
10/25
Appreciation
22/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Expensive
Homes cost 5.2× the median income
Value Trend
Rising (+9.5%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,107/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
⚖️
BALANCED MARKET
Milwaukee-Waukesha, WI Metro Area
Even conditions for buyers and sellers
36 days
Average time to sell
Average
7.5%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Milwaukee-Waukesha, WI metro data

Market Trends

Home Value History (with trend line)

$447K$394K$342K$289K$237K$185KJul 2006Jul 2016Jul 2026

📊 How Does 53021 Compare?

Metric 53021 Fredonia Milwaukee-Waukesha, WI Wisconsin
Home Value $428,712 $428,712 N/A $320,446
5-Year CAGR 6.2% 6.2% N/A 7.3%
Avg Rent $1,107 $1,107 N/A -
Cap Rate 2.0% 2.0% - -
💡 Why Invest in 53021? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 53021 (Fredonia, WI). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.0%
Low
5yr Growth
+6.2%
Strong

📊 Market Snapshot

Home Value $428,712
Monthly Rent $1,107
Price-to-Rent 32.3:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 3.1%
Cap Rate 2.0%
5-Year IRR 8.2%

📈 Home Appreciation

1-Year +9.5% ▲
3-Year CAGR +6.0% ▲
5-Year CAGR +6.2% ▲
10-Year CAGR +6.2% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.0%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

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.

Vacancy
3.5%
Low risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+6.2%
Growing
Eviction process: Fast Rent control: Favorable

Demographics in 53021

Population: 4,421

💰 Median Household Income
$81,859
This area
$81,859
State
$73,177
USA
$74,580
🏠 Renter Occupied
18.6%
This area
18.6%
State
22.0%
USA
34.0%
💼 Unemployment Rate
3.1%
This area
3.1%
State
-1.8%
USA
3.7%
🎓 College Educated
24.3%
This area
24.3%
State
17.1%
USA
33.7%
👤 Median Age
40.1 years
This area
40.1 years
State
35.3 years
USA
38.9 years
🏚️ Vacancy Rate
3.5%
This area
3.5%
State
17.1%
USA
10.5%
👥 Population by Ethnicity
White 88.7%
Other/Mixed 8.6%
Hispanic/Latino 4.9%
Black/African American 1.6%
Asian 1.1%
👶 Under 18
20.9%
This area
20.9%
USA
22.0%
👴 65 and Over
17.1%
This area
17.1%
USA
17.3%
📊 Poverty Rate
4.8%
This area
4.8%
USA
11.5%

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 53021

B Avg School Grade
4 Schools
15.0:1 Avg Class Size
$13,823 Avg Per Pupil

Schools in This ZIP Code

B+ Above Average

Ozaukee Elementary

📚 Pre-K – 05 Elementary
👥
334 Students
👨‍🏫
12.9:1 Class Size
💰
$13,823 Per Student
B+ Above Average

Ozaukee High

📚 09 – 12 High School
👥
197 Students
👨‍🏫
10.5:1 Class Size
💰
$13,823 Per Student
B Good

Ozaukee Middle

📚 06 – 08 Middle
👥
161 Students
👨‍🏫
13.2:1 Class Size
💰
$13,823 Per Student
C+ Average

Wisconsin Virtual Learning

📚 Pre-K – 12 K-12 Charter
👥
321 Students
👨‍🏫
23.3:1 Class Size
💰
$13,823 Per Student
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

What is the investability score for Fredonia, WI?

Yes - Fredonia, WI a 3.0/5 investability score. With $429K home prices against $1,107/mo monthly rent, the market delivers a reasonable entry point for new investors.

What is the average monthly rent in Fredonia, WI?

Expect rents around $1,107/mo per month in Fredonia, WI. With home values at $429K, the yield math works out to reasonable levels for rental investors.

What approach is best for Fredonia, WI real estate?

The best-fit strategy in Fredonia, WI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

Does house hacking make sense in Fredonia, WI?

House hacking works a challenging in Fredonia, WI. Rents of $1,107/mo against $429K acquisition make the strategy solid for owner-occupants.

What is the typical vacancy rate in Fredonia, WI?

Occupancy in Fredonia, WI runs predictable with elevated vacancy. Well-priced units at $1,107/mo lease on reasonable timelines.

You know 53021 now. You don’t know where it ranks.

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How 53021 ranks in Milwaukee-Waukesha, WI

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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