Real Estate Investing in Sun Prairie, Wisconsin (53590)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53590 (Sun Prairie, 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.
No major risk flags on the data we track.
What’s happening in Sun Prairie, WI (53590)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53590 Sun Prairie
ZIP 53590 in Sun Prairie, WI carries a robust set of headwinds. Home values near $460K and rents of $1,659/mo sit inside a market where underwriting has to be tight.
Turning to rents, the numbers look inviting — $460K purchase price, 0.0% nominal cap — the work to hit that pro forma in 53590 is substantial and deserves full respect.
Within WI, ZIP 53590 trails on several market indicators that neighboring Dane County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Resident income in 53590 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 53590 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Sun Prairie:
Property Strategy for 53590
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $301,125 | $1,710 | 4.1% | +7.2% | $150,563 |
| 3BR | $397,395 | $2,260 | 4.1% | +7.0% | $132,465 |
| 4BR | $499,086 | $2,530 | 3.6% | +7.1% | $124,771 |
| 5BR | $600,822 | — | — | +7.2% | $120,164 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53590 Compare?
| Metric | 53590 | Sun Prairie | Madison, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $460,283 | $460,283 | N/A | $320,446 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.3% |
| Avg Rent | $1,659 | $1,659 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53590 (Sun Prairie, 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 | $460,283 |
| Monthly Rent | $1,659 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 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 53590
Population: 43,965
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 53590
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
Investor Insight: With 7,911 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do landlords charge for rent in Sun Prairie, WI?
Rent in Sun Prairie, WI is around $1,659/mo. The resulting rent-to-value relationship with $460K pricing is reasonable for most investor models.
Is Sun Prairie, WI a good market for FHA house hackers?
Sun Prairie, WI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $460K price point reasonable to enter.
How do experienced investors play Sun Prairie, WI?
The best-fit strategy in Sun Prairie, WI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the average home sale price in Sun Prairie, WI?
Expect median prices around $460K in Sun Prairie, WI. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Is Sun Prairie, WI a good place for real estate investing?
Yes - Sun Prairie, WI a 3.0/5 investability score. With $460K home prices against $1,659/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 53590 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 53590 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 53590 ranks in Madison, WI
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