Real Estate Investing in Sullivan, Wisconsin (53178)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53178 (Sullivan, 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.
- 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 Sullivan, WI (53178)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53178 Sullivan
Not every below-median market is a bargain. Sullivan's 53178 ZIP stands at signals that favor experienced operators who can absorb the risk $439K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 53178 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 53178's metrics run below Jefferson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A resilient renter share of 28% in 53178 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 53178 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 Sullivan:
Market Trends
Home Value History (with trend line)
📊 How Does 53178 Compare?
| Metric | 53178 | Sullivan | Watertown-Fort Atkinson, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $439,229 | $439,229 | N/A | $320,446 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.3% |
| Avg Rent | $1,116 | $1,116 | 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 53178 (Sullivan, WI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 53178 (Sullivan, WI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $439,229 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 32.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 53178
Population: 2,741
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 53178
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
Can I live-in-and-rent in Sullivan, WI?
House hacking in Sullivan, WI is a challenging. With home values around $439K and rents at $1,116/mo, owner-occupants can offset a meaningful share of PITI.
How strong is the working-renter base in Sullivan, WI?
The renter base in Sullivan, WI is reasonable for the $1,116/mo price point. Screening well and pricing to market typically yields consistent tenants.
What is the smart move for investors in Sullivan, WI?
In Sullivan, WI the solid play is typically careful cash-flow rentals with hands-on management. The combination of $439K prices and $1,116/mo rents suits that approach.
How does Sullivan, WI rate as a rental market?
Sullivan, WI rates 3.0/5 for investability. With median values at $439K and rents near $1,116/mo, the market offers reasonable fundamentals for rental investors.
How do landlord-tenant laws work in Sullivan, WI?
WI ranks as a landlord-friendly state for landlord-tenant law. Sullivan generally follows the statewide framework, so landlords face reasonable operating rules.
You know 53178 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 53178 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 53178 ranks in Watertown-Fort Atkinson, WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 53178 (Sullivan)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 53178 (Sullivan, WI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.