Real Estate Investing in Whitewater, Wisconsin (53190)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53190 (Whitewater, 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.
- High vacancy: 14.1% of homes vacant — above national norms.
What’s happening in Whitewater, WI (53190)?
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Market Analysis: 53190 Whitewater
The 53190 ZIP covers a section of Whitewater that demands careful diligence. Prices near $373K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 53190 can be a an appealing option for hunting ground — but the discount at $373K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Whitewater have seen price recovery that 53190 has not matched. Walworth County data supports the view that the spread is structural rather than temporary.
Employment concentration in 53190 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 53190 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 Whitewater:
Property Strategy for 53190
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $262,024 | $1,090 | 3.0% | +7.2% | $131,012 |
| 3BR | $345,912 | $1,390 | 2.9% | +7.6% | $115,304 |
| 4BR | $388,897 | $1,710 | 3.2% | +7.4% | $97,224 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53190 Compare?
| Metric | 53190 | Whitewater | Whitewater, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $372,992 | $372,992 | N/A | $320,446 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 7.3% |
| Avg Rent | $2,198 | $2,198 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
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 53190 (Whitewater, WI). Anonymous, moderated, never written by AI.
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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 | $372,992 |
| Monthly Rent | $2,198 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 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 (4.6%). 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 53190
Population: 20,461
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 53190
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
Investor Insight: With 506 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Whitewater, WI for real estate investors?
Whitewater, WI scores 3.0/5 for investability. Home values sit at $373K and rents near $2,198/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the smart move for investors in Whitewater, WI?
Most investors in Whitewater, WI run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How strict are landlord regulations in Whitewater, WI?
Whitewater, WI operates under WI law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
Should investors worry about vacancy in Whitewater, WI?
Vacancy in Whitewater, WI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,198/mo.
Are renters plentiful in Whitewater, WI?
Whitewater, WI draws a even-keeled base of working renters. Demand at the $2,198/mo rent level is reasonable for standard single-family and small multi rentals.
You know 53190 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 53190 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 53190 ranks in Whitewater, WI
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