Real Estate Investing in Wauwatosa, Wisconsin (53213)
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Should you buy in 53213 (Wauwatosa, 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.
No major risk flags on the data we track.
What’s happening in Wauwatosa, WI (53213)?
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Market Analysis: 53213 Wauwatosa
This part of Milwaukee County is not an easy win. The 53213 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 53213 is robust only for operators who understand what they are buying. A $442K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 53213's metrics run below Milwaukee County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 53213 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 53213 is an operator game, not a passive one. Stepping back, entry prices of $442K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Wauwatosa:
Property Strategy for 53213
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $299,856 | $1,470 | 3.5% | +6.7% | $149,928 |
| 3BR | $402,055 | $1,810 | 3.2% | +7.5% | $134,018 |
| 4BR | $457,983 | $1,960 | 3.1% | +7.4% | $114,496 |
| 5BR | $525,523 | — | — | +8.0% | $105,105 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53213 Compare?
| Metric | 53213 | Wauwatosa | Milwaukee-Waukesha, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $442,382 | $433,146 | N/A | $320,446 |
| 5-Year CAGR | 6.8% | 6.5% | N/A | 7.3% |
| Avg Rent | $1,749 | $1,679 | N/A | - |
| Cap Rate | 3.1% | 3.0% | - | - |
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 53213 (Wauwatosa, 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 | $442,382 |
| Monthly Rent | $1,749 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -7.3% ▼ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | +2.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 53213
Population: 26,293
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 53213
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
Frequently Asked Questions
Are eviction rules reasonable in Wauwatosa, WI?
Wauwatosa, WI falls under WI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Are renters plentiful in Wauwatosa, WI?
Working renters make up the core of the Wauwatosa, WI tenant base. The pool is reasonable for investors targeting long-term holds.
Does house hacking make sense in Wauwatosa, WI?
House hacking works a challenging in Wauwatosa, WI. Rents of $1,749/mo against $442K acquisition make the strategy solid for owner-occupants.
Which investment style suits Wauwatosa, WI?
Investors usually favor careful cash-flow rentals with hands-on management in Wauwatosa, WI. With home values at $442K and rents near $1,749/mo, other strategies can work but produce even-keeled rather than outsized returns.
How much does a house cost in Wauwatosa, WI?
Homes in Wauwatosa, WI typically sell near $442K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
You know 53213 now. You don’t know where it ranks.
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How 53213 ranks in Milwaukee-Waukesha, WI
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