Real Estate Investing in Arena, Wisconsin (53588)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53588 (Arena, WI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.9% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 31.5 — 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 Arena, WI (53588)?
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Market Analysis: 53588 Arena
Investors eyeing 53588 need to respect the fundamentals at play. Home values of $388K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $388K asset, 53588 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 53588's metrics run below Sauk County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 53588 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Arena's stable or hybrid ZIPs before stepping into 53588. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Arena:
Market Trends
Home Value History (with trend line)
📊 How Does 53588 Compare?
| Metric | 53588 | Arena | Baraboo, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $387,708 | $364,580 | N/A | $320,446 |
| 5-Year CAGR | 6.4% | 6.3% | N/A | 7.3% |
| Avg Rent | $1,026 | $1,062 | N/A | - |
| Cap Rate | 2.1% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53588 (Arena, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $387,708 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 31.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 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 (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 53588
Population: 3,850
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 53588
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
How does Arena, WI stack up for property investment?
Arena, WI reports an investability rating of 3.0/5, with median home values near $388K and average rents around $1,026/mo. That combination puts it in the healthy tier for investor interest.
Is Arena, WI a good market for FHA house hackers?
Arena, WI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $388K price point reasonable to enter.
How quickly do rentals get leased in Arena, WI?
Arena, WI carries elevated vacancy risk. Expect steady absorption at market rents of $1,026/mo.
What strategy should investors use in Arena, WI?
Investors usually favor careful cash-flow rentals with hands-on management in Arena, WI. With home values at $388K and rents near $1,026/mo, other strategies can work but produce predictable rather than outsized returns.
How strong are rents in Arena, WI?
Investors in Arena, WI typically see rents near $1,026/mo per month against $388K home values - a solid setup for rental cash flow.
You know 53588 now. You don’t know where it ranks.
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How 53588 ranks in Baraboo, WI
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