Real Estate Investing in Monroe, Wisconsin (53566)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53566 (Monroe, 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 Monroe, WI (53566)?
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Market Analysis: 53566 Monroe
ZIP 53566 in Monroe, WI carries a resilient set of headwinds. Home values near $287K and rents of $1,325/mo sit inside a market where underwriting has to be tight.
Turning to rents, the numbers look inviting — $287K purchase price, 0.0% nominal cap — the work to hit that pro forma in 53566 is substantial and deserves full respect.
Within WI, ZIP 53566 trails on several market indicators that neighboring Green County submarkets outperform. The gap is real and resilient enough to shape underwriting.
From an investor standpoint, 14,772 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.
Distressed ZIPs reward experience. impressive returns are possible in 53566, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Monroe:
Property Strategy for 53566
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $219,170 | $1,090 | 3.6% | +7.9% | $109,585 |
| 3BR | $264,418 | $1,310 | 3.6% | +8.1% | $88,139 |
| 4BR | $291,838 | $1,440 | 3.6% | +8.0% | $72,960 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53566 Compare?
| Metric | 53566 | Monroe | Madison, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $287,031 | $287,031 | N/A | $320,446 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.3% |
| Avg Rent | $1,325 | $1,325 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53566 (Monroe, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $287,031 |
| Monthly Rent | $1,325 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (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 53566
Population: 14,772
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 53566
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.
Frequently Asked Questions
What are home prices like in Monroe, WI?
Expect median prices around $287K in Monroe, WI. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
How strong is tenant demand in Monroe, WI?
The renter base in Monroe, WI is reasonable for the $1,325/mo price point. Screening well and pricing to market typically yields steady tenants.
Are eviction rules reasonable in Monroe, WI?
Landlord-friendliness in Monroe, WI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How high is vacancy risk in Monroe, WI?
Occupancy in Monroe, WI runs consistent with elevated vacancy. Well-priced units at $1,325/mo lease on reasonable timelines.
How much is rent in Monroe, WI?
Investors in Monroe, WI typically see rents near $1,325/mo per month against $287K home values - a solid setup for rental cash flow.
You know 53566 now. You don’t know where it ranks.
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How 53566 ranks in Madison, WI
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