Real Estate Investing in South Wayne, Wisconsin (53587)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53587 (South Wayne, 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.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in South Wayne, WI (53587)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53587 South Wayne
ZIP 53587 inside Lafayette County looks affordable on the surface — median value of $241K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 53587 can be a a viable market for hunting ground — but the discount at $241K reflects genuine risk that outside investors often underestimate.
Within WI, ZIP 53587 trails on several market indicators that neighboring Lafayette County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Who lives in 53587 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 53587 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 South Wayne:
Market Trends
Home Value History (with trend line)
📊 How Does 53587 Compare?
| Metric | 53587 | South Wayne | Wisconsin |
|---|---|---|---|
| Home Value | $241,123 | $241,123 | $320,446 |
| 5-Year CAGR | 4.6% | 4.6% | 7.3% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53587 (South Wayne, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $241,123 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.8%). 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 53587
Population: 1,278
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 53587
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 strategy should investors use in South Wayne, WI?
A careful cash-flow rentals with hands-on management strategy South Wayne, WI best. The market produces steady results for that approach at the $241K price point.
How deep is the rental pool in South Wayne, WI?
The tenant pool in South Wayne, WI is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
What kind of market is South Wayne, WI for investors?
Our data puts South Wayne, WI at 3.0/5 for investability. Home prices of $241K and rents around $873/mo create a solid backdrop for investor activity.
Do rentals sit vacant long in South Wayne, WI?
Expect elevated vacancy in South Wayne, WI. Rents at $873/mo are absorbed by the tenant base without meaningful lag.
Is rental property easy to operate in South Wayne, WI?
The landlord environment in South Wayne, WI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 53587 now. You don’t know where it ranks.
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