Real Estate Investing in Grafton, Wisconsin (53024)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53024 (Grafton, WI)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Grafton, WI (53024)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53024 Grafton
ZIP 53024 in Grafton, WI carries a impressive set of headwinds. Home values near $481K and rents of $1,755/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 53024 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 53024'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.
Resident income in 53024 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 53024 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 Grafton:
Property Strategy for 53024
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $288,164 | $1,310 | 3.3% | +6.1% | $144,082 |
| 3BR | $397,784 | $1,610 | 2.9% | +6.8% | $132,595 |
| 4BR | $551,348 | $1,750 | 2.3% | +6.7% | $137,837 |
| 5BR | $609,097 | — | — | +6.6% | $121,819 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53024 Compare?
| Metric | 53024 | Grafton | Milwaukee-Waukesha, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $481,055 | $481,055 | N/A | $320,446 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,755 | $1,755 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 53024 (Grafton, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $481,055 |
| Monthly Rent | $1,755 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.9%). 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 53024
Population: 19,040
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 53024
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
Frequently Asked Questions
How landlord-friendly is Grafton, WI?
Landlord-friendliness in Grafton, WI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Grafton, WI a good place for real estate investing?
Yes - Grafton, WI a 3.0/5 investability score. With $481K home prices against $1,755/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much should I expect to pay for a home in Grafton, WI?
Typical homes in Grafton, WI go for around $481K. The 5-year CAGR of 0.0% steady price movement.
What type of investing works in Grafton, WI?
Investors usually favor careful cash-flow rentals with hands-on management in Grafton, WI. With home values at $481K and rents near $1,755/mo, other strategies can work but produce measured rather than outsized returns.
How qualified is the tenant pool in Grafton, WI?
Expect a solid tenant pool in Grafton, WI. The rental market absorbs $1,755/mo rents without meaningful friction.
You know 53024 now. You don’t know where it ranks.
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How 53024 ranks in Milwaukee-Waukesha, WI
Every ZIP in this metro, ranked. Free.
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