Real Estate Investing in Palmyra, Wisconsin (53156)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53156 (Palmyra, 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.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 32.8 — 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 Palmyra, WI (53156)?
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Market Analysis: 53156 Palmyra
ZIP 53156 inside Jefferson County looks affordable on the surface — median value of $379K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 53156 can be a a credible choice for hunting ground — but the discount at $379K reflects genuine risk that outside investors often underestimate.
The gap between 53156 and stronger Palmyra ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 53156 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 53156 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Palmyra:
Market Trends
Home Value History (with trend line)
📊 How Does 53156 Compare?
| Metric | 53156 | Palmyra | Watertown-Fort Atkinson, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $379,243 | $379,243 | N/A | $320,446 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.3% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
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 53156 (Palmyra, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $379,243 |
| Monthly Rent | $963 |
| Price-to-Rent | 32.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.0%). 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 53156
Population: 3,314
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 53156
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
What is the median home value in Palmyra, WI?
Palmyra, WI median home values land near $379K. That is reasonable territory for investors looking at $963/mo-per-month rentals.
What is the best play in Palmyra, WI?
The best-fit strategy in Palmyra, WI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Can I live-in-and-rent in Palmyra, WI?
Palmyra, WI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $963/mo rent level.
Is Palmyra, WI landlord-friendly?
Landlord-friendliness in Palmyra, WI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are renters plentiful in Palmyra, WI?
The tenant pool in Palmyra, WI is solid, supported by local employment and population fundamentals. Rents of $963/mo are well-absorbed by the market.
You know 53156 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 53156 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 53156 ranks in Watertown-Fort Atkinson, WI
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