Real Estate Investing in Franklin, Wisconsin (53132)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53132 (Franklin, WI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Franklin, WI (53132)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53132 Franklin
ZIP 53132 in Franklin, WI carries a notable set of headwinds. Home values near $451K and rents of $1,968/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 53132 can be a a solid fit for hunting ground — but the discount at $451K reflects genuine risk that outside investors often underestimate.
Regionally, 53132 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 53132 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 53132 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Franklin:
Property Strategy for 53132
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $285,644 | $1,630 | 4.1% | +7.5% | $142,822 |
| 3BR | $430,866 | $2,010 | 3.4% | +6.6% | $143,622 |
| 4BR | $549,640 | $2,170 | 2.8% | +6.7% | $137,410 |
| 5BR | $638,176 | — | — | +6.9% | $127,635 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53132 Compare?
| Metric | 53132 | Franklin | Milwaukee-Waukesha, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $451,315 | $451,315 | N/A | $320,446 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.3% |
| Avg Rent | $1,968 | $1,968 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 53132 (Franklin, WI). Anonymous, moderated, never written by AI.
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Property managers serving Milwaukee County
Manage rentals here? List your business →Bodner Properties offers great apartments for rent in the Greater Milwaukee area. summary from their website
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
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 | $451,315 |
| Monthly Rent | $1,968 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | +26.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 53132
Population: 35,272
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 53132
Schools in This ZIP Code
About Repit School Scores
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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
What is the typical vacancy rate in Franklin, WI?
Franklin, WI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are landlord laws favorable in Franklin, WI?
Franklin, WI operates under WI law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How much rent can I charge in Franklin, WI?
Franklin, WI rentals go for roughly $1,968/mo a month. That puts gross yield in solid territory relative to $451K acquisition costs.
Are tenants stable in Franklin, WI?
Franklin, WI draws a measured base of working renters. Demand at the $1,968/mo rent level is reasonable for standard single-family and small multi rentals.
Should investors consider Franklin, WI?
With a 3.0/5 investability score, Franklin, WI ranks as a solid market for rental property investors. Median prices of $451K and rents of $1,968/mo drive the underlying numbers.
You know 53132 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 53132 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 53132 ranks in Milwaukee-Waukesha, WI
Every ZIP in this metro, ranked. Free.
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