Real Estate Investing in Mount Pleasant, Wisconsin (53406)
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Should you buy in 53406 (Mount Pleasant, 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 Mount Pleasant, WI (53406)?
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Market Analysis: 53406 Mount Pleasant
Not every below-median market is a bargain. Mount Pleasant's 53406 ZIP comes in at signals that favor experienced operators who can absorb the risk $336K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $336K asset, 53406 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 53406 sits on the difficult end of the WI spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The 53406 ZIP's population of 25,564 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 53406 is an operator game, not a passive one. Stepping back, entry prices of $336K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Mount Pleasant:
Property Strategy for 53406
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $215,791 | $1,200 | 4.0% | +7.9% | $107,895 |
| 3BR | $344,796 | $1,550 | 3.2% | +7.4% | $114,932 |
| 4BR | $433,553 | $1,910 | 3.2% | +7.7% | $108,388 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53406 Compare?
| Metric | 53406 | Mount Pleasant | Racine, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $335,844 | $335,844 | N/A | $320,446 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.3% |
| Avg Rent | $1,644 | $1,644 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 53406 (Mount Pleasant, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $335,844 |
| Monthly Rent | $1,644 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | +10.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 53406
Population: 25,564
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 53406
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Fratt Elementary
Johnson Elementary
Knapp Elementary
Starbuck - An IB World School
Walden III High
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
How much is rent in Mount Pleasant, WI?
Rents in Mount Pleasant, WI run near $1,644/mo. Compared with median home prices of $336K that produces solid gross yields for typical rentals.
How do experienced investors play Mount Pleasant, WI?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Mount Pleasant, WI. The numbers - $336K homes against $1,644/mo rents - support that play.
How much should I expect to pay for a home in Mount Pleasant, WI?
Expect median prices around $336K in Mount Pleasant, WI. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Is house hacking profitable in Mount Pleasant, WI?
House hacking in Mount Pleasant, WI is reasonable to execute. Prices around $336K and rents of $1,644/mo solid owner-occupant economics.
Are tenants stable in Mount Pleasant, WI?
Mount Pleasant, WI draws a stable base of working renters. Demand at the $1,644/mo rent level is reasonable for standard single-family and small multi rentals.
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How 53406 ranks in Racine, WI
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