Real Estate Investing in Caledonia, Wisconsin (53402)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53402 (Caledonia, WI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Caledonia, WI (53402)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53402 Caledonia
ZIP 53402 inside Racine County looks affordable on the surface — median value of $310K — but the discount exists for reasons that a careful buyer should understand before committing.
The 53402 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Turning to rents, 53402 offers a low basis, the region around Caledonia has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A impressive renter share of 30% in 53402 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 53402 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Caledonia:
Property Strategy for 53402
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $212,926 | $1,270 | 4.3% | +9.1% | $106,463 |
| 3BR | $303,232 | $1,640 | 3.9% | +8.1% | $101,077 |
| 4BR | $388,146 | $2,020 | 3.7% | +8.2% | $97,037 |
| 5BR | $378,987 | — | — | +8.0% | $75,797 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53402 Compare?
| Metric | 53402 | Caledonia | Racine, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $309,662 | $309,662 | N/A | $320,446 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.3% |
| Avg Rent | $1,447 | $1,447 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 53402 (Caledonia, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $309,662 |
| Monthly Rent | $1,447 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | +14.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 53402
Population: 35,272
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 53402
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Julian Thomas Elementary
Wadewitz Elementary
Gilmore Fine Arts School
Racine Alternative Learning
Jefferson Lighthouse Elementary
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 5,231 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Caledonia, WI?
In Caledonia, WI the median home value sits at $310K. Against the broader WI market, that reads as reasonable for most investors.
Which real estate strategy fits Caledonia, WI?
The best-fit strategy in Caledonia, WI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are landlord laws favorable in Caledonia, WI?
Caledonia, WI operates under WI law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Is Caledonia, WI a good market for FHA house hackers?
Caledonia, WI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $310K price point reasonable to enter.
Should investors worry about vacancy in Caledonia, WI?
Vacancy in Caledonia, WI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,447/mo.
You know 53402 now. You don’t know where it ranks.
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How 53402 ranks in Racine, WI
Every ZIP in this metro, ranked. Free.
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