Real Estate Investing in Greenbush, Wisconsin (53023)
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Should you buy in 53023 (Greenbush, WI)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 34.4 — 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 Greenbush, WI (53023)?
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Market Analysis: 53023 Greenbush
Not every below-median market is a bargain. Greenbush's 53023 ZIP shows signals that favor experienced operators who can absorb the risk $378K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 53023 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Greenbush have seen price recovery that 53023 has not matched. Sheboygan County data supports the view that the spread is structural rather than temporary.
A solid renter share of 8% in 53023 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 53023 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 Greenbush:
Market Trends
Home Value History (with trend line)
📊 How Does 53023 Compare?
| Metric | 53023 | Greenbush | Sheboygan, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $378,379 | $378,379 | N/A | $320,446 |
| 5-Year CAGR | N/A | N/A | N/A | 7.3% |
| Avg Rent | $918 | $918 | 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 53023 (Greenbush, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $378,379 |
| Monthly Rent | $918 |
| Price-to-Rent | 34.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 53023
Population: 1,285
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How do experienced investors play Greenbush, WI?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Greenbush, WI. The numbers - $378K homes against $918/mo rents - support that play.
How deep is the rental pool in Greenbush, WI?
Expect a solid tenant pool in Greenbush, WI. The rental market absorbs $918/mo rents without meaningful friction.
What is the average home sale price in Greenbush, WI?
Typical homes in Greenbush, WI go for around $378K. The 5-year CAGR of 0.0% even-keeled price movement.
Does a duplex house hack pencil in Greenbush, WI?
For house hackers, Greenbush, WI is a challenging. The $918/mo rent on a unit helps defray the mortgage on a $378K property.
Are landlord laws favorable in Greenbush, WI?
Greenbush, WI operates under WI law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
You know 53023 now. You don’t know where it ranks.
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How 53023 ranks in Sheboygan, WI
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