Real Estate Investing in Elm Grove, Wisconsin (53122)
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Should you buy in 53122 (Elm Grove, WI)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Elm Grove, WI (53122)?
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Market Analysis: 53122 Elm Grove
The 53122 ZIP in Elm Grove, WI is a local-operator market. Outside capital chasing a $706K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $706K asset, 53122 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 53122 sits on the difficult end of the WI spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 53122 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 53122 is an operator game, not a passive one. Stepping back, entry prices of $706K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Elm Grove:
Property Strategy for 53122
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $346,725 | $1,860 | 3.9% | +6.5% | $173,363 |
| 3BR | $579,530 | $2,290 | 2.8% | +7.6% | $193,177 |
| 4BR | $764,626 | $2,480 | 2.3% | +8.4% | $191,156 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53122 Compare?
| Metric | 53122 | Elm Grove | Milwaukee-Waukesha, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $706,474 | $706,474 | N/A | $320,446 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.3% |
| Avg Rent | $3,738 | $3,738 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53122 (Elm Grove, WI). Anonymous, moderated, never written by AI.
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Property managers serving Waukesha County
Manage rentals here? List your business →Home Path Property Management offers home rentals, build-to-rent options, and vacation rentals in the Milwaukee Area. summary from their website
MPC Property Management offers a wide range of property management services for residential, commercial, and association properties in Wisconsin. summary from their website
Diamond 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 | $706,474 |
| Monthly Rent | $3,738 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (4.1%). 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 53122
Population: 6,467
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 53122
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Underwood Elementary
McKinley Elementary
Dixon Elementary
Wauwatosa Montessori School
Burleigh 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
Frequently Asked Questions
How much is rent in Elm Grove, WI?
The typical rental in Elm Grove, WI commands about $3,738/mo monthly. That rent profile consistent cash flow against the $706K purchase basis.
Is Elm Grove, WI better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Elm Grove, WI best. The market produces predictable results for that approach at the $706K price point.
How high is vacancy risk in Elm Grove, WI?
Elm Grove, WI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How much should I expect to pay for a home in Elm Grove, WI?
The median home value in Elm Grove, WI is roughly $706K. That puts it reasonable relative to the WI statewide average.
How strong is Elm Grove, WI for real estate investors?
Elm Grove, WI comes in at an investability rating of 3.0/5, with median home values near $706K and average rents around $3,738/mo. That combination puts it in the robust tier for investor interest.
You know 53122 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 53122 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 53122 ranks in Milwaukee-Waukesha, WI
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