Real Estate Investing in Delavan, Wisconsin (53115)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53115 (Delavan, WI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.7% of homes vacant — above national norms.
What’s happening in Delavan, WI (53115)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53115 Delavan
ZIP 53115 inside Walworth County looks affordable on the surface — median value of $344K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,185/mo on a $344K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 53115 sits below the stated 0.0% once reality is priced in.
In the broader WI picture, 53115 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A durable renter share of 29% in 53115 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 53115 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Delavan:
Property Strategy for 53115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $251,828 | $1,140 | 3.3% | +9.0% | $125,914 |
| 3BR | $346,668 | $1,430 | 3.0% | +8.7% | $115,556 |
| 4BR | $445,946 | $1,850 | 3.0% | +8.4% | $111,486 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53115 Compare?
| Metric | 53115 | Delavan | Whitewater, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $343,844 | $343,844 | N/A | $320,446 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.3% |
| Avg Rent | $1,185 | $1,185 | N/A | - |
| Cap Rate | 2.7% | 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 53115 (Delavan, WI). Anonymous, moderated, never written by AI.
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Property managers serving Walworth County
Manage rentals here? List your business →MPC Property Management offers a wide range of property management services for residential, commercial, and association properties in Wisconsin. summary from their website
BK Property Management LLC offers landscaping services in Delavan, WI. summary from their website
Lakes Property Management, LLC appears to offer property management services based on the domain and name, though homepage content is technical. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $343,844 |
| Monthly Rent | $1,185 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.7%). 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 53115
Population: 16,056
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 53115
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 506 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Delavan, WI make sense for an investment property?
With a 3.0/5 investability score, Delavan, WI ranks as a solid market for rental property investors. Median prices of $344K and rents of $1,185/mo drive the underlying numbers.
What monthly rent should investors expect in Delavan, WI?
Average rent in Delavan, WI is approximately $1,185/mo per month. Against $344K home values that yields a reasonable rent-to-price ratio.
Which investment style suits Delavan, WI?
A careful cash-flow rentals with hands-on management strategy Delavan, WI best. The market produces measured results for that approach at the $344K price point.
What kind of vacancy should I budget for in Delavan, WI?
Occupancy in Delavan, WI runs reliable with elevated vacancy. Well-priced units at $1,185/mo lease on reasonable timelines.
Can owner-occupants cash flow in Delavan, WI?
Delavan, WI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $344K price point reasonable to enter.
You know 53115 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 53115 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 53115 ranks in Whitewater, WI
Every ZIP in this metro, ranked. Free.
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