Real Estate Investing in Kewaskum, Wisconsin (53040)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53040 (Kewaskum, 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 31.8 — 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 Kewaskum, WI (53040)?
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Market Analysis: 53040 Kewaskum
ZIP 53040 inside Washington County looks affordable on the surface — median value of $405K — but the discount exists for reasons that a careful buyer should understand before committing.
From an investor standpoint, the numbers look inviting — $405K purchase price, 0.0% nominal cap — the work to hit that pro forma in 53040 is substantial and deserves full respect.
Nearby ZIPs in Kewaskum have seen price recovery that 53040 has not matched. Washington County data supports the view that the spread is structural rather than temporary.
Put differently, 8,223 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Kewaskum:
Property Strategy for 53040
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $291,251 | $1,180 | 2.9% | +7.9% | $145,626 |
| 3BR | $386,984 | $1,460 | 2.7% | +7.9% | $128,995 |
| 4BR | $440,055 | $1,580 | 2.6% | +7.4% | $110,014 |
Market Trends
Home Value History (with trend line)
📊 How Does 53040 Compare?
| Metric | 53040 | Kewaskum | Milwaukee-Waukesha, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $404,914 | $404,914 | N/A | $320,446 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.3% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 53040 (Kewaskum, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $404,914 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 31.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (2.1%). 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 53040
Population: 8,223
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 53040
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.
Frequently Asked Questions
How should investors approach Kewaskum, WI?
In Kewaskum, WI the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $405K prices and $1,062/mo rents suits that approach.
How much does a house cost in Kewaskum, WI?
Homes in Kewaskum, WI typically sell near $405K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Where do rents currently stand in Kewaskum, WI?
The typical rental in Kewaskum, WI commands about $1,062/mo monthly. That rent profile even-keeled cash flow against the $405K purchase basis.
What is the rental occupancy rate in Kewaskum, WI?
Kewaskum, WI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How viable is house hacking in Kewaskum, WI?
The house hack math a challenging in Kewaskum, WI. Owner-occupant buyers benefit from the $1,062/mo rents and $405K home values.
You know 53040 now. You don’t know where it ranks.
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How 53040 ranks in Milwaukee-Waukesha, WI
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