Real Estate Investing in Sheboygan, Wisconsin (53083)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53083 (Sheboygan, 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 31.5 — hard to cash-flow at these prices.
What’s happening in Sheboygan, WI (53083)?
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Market Analysis: 53083 Sheboygan
On the rental side, ZIP 53083 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $340K median. It rewards specialists, not generalists.
Rent of $900/mo on a $340K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 53083 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Sheboygan have seen price recovery that 53083 has not matched. Sheboygan County data supports the view that the spread is structural rather than temporary.
Who lives in 53083 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
looks to 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 Sheboygan:
Property Strategy for 53083
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $207,645 | $1,230 | 4.3% | +10.7% | $103,822 |
| 3BR | $289,990 | $1,490 | 3.7% | +10.2% | $96,663 |
| 4BR | $355,957 | $1,680 | 3.4% | +9.4% | $88,989 |
| 5BR | $405,941 | — | — | +9.6% | $81,188 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53083 Compare?
| Metric | 53083 | Sheboygan | Sheboygan, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $340,287 | $147,835 | N/A | $320,446 |
| 5-Year CAGR | 8.2% | 8.4% | N/A | 7.3% |
| Avg Rent | $900 | $978 | N/A | - |
| Cap Rate | 2.1% | 2.7% | - | - |
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 53083 (Sheboygan, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $340,287 |
| Monthly Rent | $900 |
| Price-to-Rent | 31.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 53083
Population: 21,745
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 53083
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
Investor Insight: With 1,201 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Sheboygan, WI?
The typical rental in Sheboygan, WI commands about $900/mo monthly. That rent profile measured cash flow against the $340K purchase basis.
Is housing expensive in Sheboygan, WI?
Sheboygan, WI home values average about $340K. That price point suits investors targeting rentals with $900/mo in monthly income.
Is Sheboygan in WI worth investing in?
Our data puts Sheboygan, WI at 3.0/5 for investability. Home prices of $340K and rents around $900/mo create a solid backdrop for investor activity.
Which real estate strategy fits Sheboygan, WI?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Sheboygan, WI. The numbers - $340K homes against $900/mo rents - support that play.
What does house hacking look like in Sheboygan, WI?
The a challenging house-hack environment in Sheboygan, WI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 53083 now. You don’t know where it ranks.
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How 53083 ranks in Sheboygan, WI
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