Real Estate Investing in Bloomfield, Wisconsin (53128)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53128 (Bloomfield, 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 vacancy: 16.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bloomfield, WI (53128)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53128 Bloomfield
The 53128 ZIP in Bloomfield, WI is a local-operator market. Outside capital chasing a $333K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 53128 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within WI, ZIP 53128 trails on several market indicators that neighboring Walworth County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Who lives in 53128 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 53128 is an operator game, not a passive one. Looking more closely, entry prices of $333K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bloomfield:
Property Strategy for 53128
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $245,976 | $1,370 | 4.0% | +9.0% | $122,988 |
| 3BR | $327,620 | $1,750 | 3.8% | +8.5% | $109,207 |
| 4BR | $397,107 | $2,220 | 4.0% | +7.4% | $99,277 |
Market Trends
Home Value History (with trend line)
📊 How Does 53128 Compare?
| Metric | 53128 | Bloomfield | Whitewater, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $333,262 | $333,262 | N/A | $320,446 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.3% |
| Avg Rent | $1,233 | $1,233 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 53128 (Bloomfield, WI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 53128 (Bloomfield, WI)?
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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 | $333,262 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (2.9%). 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 53128
Population: 8,985
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 53128
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.
Frequently Asked Questions
Do landlords face vacancy issues in Bloomfield, WI?
Expect elevated vacancy in Bloomfield, WI. Rents at $1,233/mo are absorbed by the tenant base without meaningful lag.
What monthly rent should investors expect in Bloomfield, WI?
Rental rates in Bloomfield, WI average $1,233/mo. Tenant demand and $333K home values make the yield look reasonable by investor standards.
Are tenants stable in Bloomfield, WI?
Working renters make up the core of the Bloomfield, WI tenant base. The pool is reasonable for investors targeting long-term holds.
Are landlord laws favorable in Bloomfield, WI?
Rental owners in Bloomfield, WI deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How expensive is real estate in Bloomfield, WI?
The median home value in Bloomfield, WI is roughly $333K. That puts it reasonable relative to the WI statewide average.
You know 53128 now. You don’t know where it ranks.
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How 53128 ranks in Whitewater, WI
Every ZIP in this metro, ranked. Free.
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