Real Estate Investing in Black Earth, Wisconsin (53515)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53515 (Black Earth, 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 31.1 — 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 Black Earth, WI (53515)?
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Market Analysis: 53515 Black Earth
Not every below-median market is a bargain. Black Earth's 53515 ZIP shows signals that favor experienced operators who can absorb the risk $446K pricing implies.
The investment case in 53515 is notable only for operators who understand what they are buying. A $446K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 53515 and stronger Black Earth ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Meanwhile, 2,635 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 53515 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 Black Earth:
Market Trends
Home Value History (with trend line)
📊 How Does 53515 Compare?
| Metric | 53515 | Black Earth | Madison, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $446,254 | $446,254 | N/A | $320,446 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.3% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53515 (Black Earth, WI). Anonymous, moderated, never written by AI.
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Property managers serving Dane County
Manage rentals here? List your business →Evans Property Management Services, LLC (PRIMA™) offers pet-friendly apartments and rentals in and around Madison, WI. summary from their website
Kader Property Management offers residential and multi-family property management services in Madison. summary from their website
Madison Property offers apartments and housing for rent in Madison, WI. 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 | $446,254 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 31.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.1%). 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 53515
Population: 2,635
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How tight is the rental market in Black Earth, WI?
Vacancy risk in Black Earth, WI is elevated. That supports steady cash flow for typical rental holds.
What is the renter demographic in Black Earth, WI?
Black Earth, WI offers a measured renter base at the $1,197/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Black Earth, WI better for rentals, flips, or BRRRR?
Black Earth, WI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($446K prices, $1,197/mo rents) make it a reasonable choice.
Is WI a landlord-friendly state?
The landlord environment in Black Earth, WI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much should I expect to pay for a home in Black Earth, WI?
Expect median prices around $446K in Black Earth, WI. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
You know 53515 now. You don’t know where it ranks.
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How 53515 ranks in Madison, WI
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