Real Estate Investing in Johnson Creek, Wisconsin (53038)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53038 (Johnson Creek, WI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 29.1 — 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 Johnson Creek, WI (53038)?
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Market Analysis: 53038 Johnson Creek
Investors eyeing 53038 need to respect the fundamentals at play. Home values of $421K come alongside slower price movement and elevated management overhead.
Rent of $1,206/mo on a $421K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 53038 sits below the stated 0.0% once reality is priced in.
Regionally, 53038 sits on the difficult end of the WI spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 53038 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Johnson Creek's stable or hybrid ZIPs before stepping into 53038. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Johnson Creek:
Market Trends
Home Value History (with trend line)
📊 How Does 53038 Compare?
| Metric | 53038 | Johnson Creek | Watertown-Fort Atkinson, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $420,852 | $420,852 | N/A | $320,446 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.3% |
| Avg Rent | $1,206 | $1,206 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53038 (Johnson Creek, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $420,852 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 29.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (2.2%). 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 53038
Population: 4,319
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 53038
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 do home values compare in Johnson Creek, WI?
In Johnson Creek, WI the median home value sits at $421K. Against the broader WI market, that reads as reasonable for most investors.
Is vacancy a concern in Johnson Creek, WI?
Rental vacancy in Johnson Creek, WI is elevated. Investors should budget normal turnover but not chronic empty units.
Does Johnson Creek, WI favor landlords or tenants?
Rental owners in Johnson Creek, WI deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What monthly rent should investors expect in Johnson Creek, WI?
Average rent in Johnson Creek, WI is approximately $1,206/mo per month. Against $421K home values that yields a reasonable rent-to-price ratio.
Is it easy to find good tenants in Johnson Creek, WI?
The renter base in Johnson Creek, WI is reasonable for the $1,206/mo price point. Screening well and pricing to market typically yields reliable tenants.
You know 53038 now. You don’t know where it ranks.
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How 53038 ranks in Watertown-Fort Atkinson, WI
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