Real Estate Investing in Richfield, Wisconsin (53033)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53033 (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 26.7 — 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 (53033)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53033 Richfield
Not every below-median market is a bargain. Richfield's 53033 ZIP shows signals that favor experienced operators who can absorb the risk $520K pricing implies.
Meanwhile, the numbers look inviting — $520K purchase price, 0.0% nominal cap — the work to hit that pro forma in 53033 is substantial and deserves full respect.
Within WI, ZIP 53033 trails on several market indicators that neighboring Washington County submarkets outperform. The gap is real and solid enough to shape underwriting.
Resident income in 53033 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 53033 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 Richfield:
Property Strategy for 53033
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $477,671 | $2,220 | 3.3% | +7.6% | $159,224 |
| 4BR | $607,641 | $2,400 | 2.8% | +7.6% | $151,910 |
Market Trends
Home Value History (with trend line)
📊 How Does 53033 Compare?
| Metric | 53033 | Richfield | Milwaukee-Waukesha, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $519,632 | $568,013 | N/A | $320,446 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,620 | $1,476 | N/A | - |
| Cap Rate | 2.4% | 2.0% | - | - |
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 53033 (Richfield, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $519,632 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 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 (2.4%). 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 53033
Population: 6,161
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 53033
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Amy Belle 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 Richfield, WI a good market for buy-and-hold investors?
Our data puts Richfield, WI at 3.0/5 for investability. Home prices of $520K and rents around $1,620/mo create a solid backdrop for investor activity.
What are home prices like in Richfield, WI?
The median home value in Richfield, WI is roughly $520K. That puts it reasonable relative to the WI statewide average.
What are rental rates like in Richfield, WI?
Average rent in Richfield, WI is approximately $1,620/mo per month. Against $520K home values that yields a reasonable rent-to-price ratio.
What is it like being a landlord in Richfield, WI?
WI law landlord-friendly for landlords, and Richfield inherits those rules. Investors should still review local ordinances for rental licensing.
How tight is the rental market in Richfield, WI?
Richfield, WI carries elevated vacancy risk. Expect stable absorption at market rents of $1,620/mo.
You know 53033 now. You don’t know where it ranks.
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How 53033 ranks in Milwaukee-Waukesha, WI
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