Real Estate Investing in Evansville, Wisconsin (53536)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53536 (Evansville, 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.
- High price-to-rent: Price-to-rent ratio 30.1 — 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 Evansville, WI (53536)?
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Market Analysis: 53536 Evansville
Meanwhile, ZIP 53536 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $393K median. It rewards specialists, not generalists.
Rent of $1,089/mo on a $393K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 53536 sits below the stated 0.0% once reality is priced in.
Stepping back, 53536 offers a low basis, the region around Evansville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 53536 ZIP's population of 9,449 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 53536 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 Evansville:
Property Strategy for 53536
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $250,234 | $1,210 | 3.5% | +6.7% | $125,117 |
| 3BR | $348,136 | $1,550 | 3.2% | +8.3% | $116,045 |
| 4BR | $393,351 | $1,600 | 2.9% | +7.8% | $98,338 |
Market Trends
Home Value History (with trend line)
📊 How Does 53536 Compare?
| Metric | 53536 | Evansville | Janesville-Beloit, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $393,380 | $393,380 | N/A | $320,446 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.3% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53536 (Evansville, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $393,380 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 30.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.2%). 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 53536
Population: 9,449
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 53536
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
Does a duplex house hack pencil in Evansville, WI?
For house hackers, Evansville, WI is a challenging. The $1,089/mo rent on a unit helps defray the mortgage on a $393K property.
Does Evansville, WI make sense for an investment property?
With a 3.0/5 investability score, Evansville, WI ranks as a solid market for rental property investors. Median prices of $393K and rents of $1,089/mo drive the underlying numbers.
What kind of tenants rent in Evansville, WI?
Tenant quality in Evansville, WI ranks as solid. Landlords generally report measured occupancy at market rents of $1,089/mo.
How strong are rents in Evansville, WI?
The typical rental in Evansville, WI commands about $1,089/mo monthly. That rent profile steady cash flow against the $393K purchase basis.
What is the median home value in Evansville, WI?
Typical homes in Evansville, WI go for around $393K. The 5-year CAGR of 0.0% stable price movement.
You know 53536 now. You don’t know where it ranks.
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How 53536 ranks in Janesville-Beloit, WI
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Community Ratings
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