Real Estate Investing in Platteville, Wisconsin (53818)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53818 (Platteville, 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 Platteville, WI (53818)?
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Market Analysis: 53818 Platteville
This part of Grant County is not an easy win. The 53818 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 53818 is notable only for operators who understand what they are buying. A $265K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 53818 and stronger Platteville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 53818 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 Platteville's stable or hybrid ZIPs before stepping into 53818. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Platteville:
Property Strategy for 53818
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $204,387 | $1,060 | 3.7% | +7.5% | $102,193 |
| 3BR | $250,674 | $1,330 | 3.8% | +6.6% | $83,558 |
| 4BR | $264,372 | $1,730 | 4.7% | +6.6% | $66,093 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53818 Compare?
| Metric | 53818 | Platteville | Platteville, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $264,669 | $264,669 | N/A | $320,446 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.3% |
| Avg Rent | $1,181 | $1,181 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 53818 (Platteville, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $264,669 |
| Monthly Rent | $1,181 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (3.5%). 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 53818
Population: 15,843
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 53818
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
Are renters plentiful in Platteville, WI?
The tenant pool in Platteville, WI is solid, supported by local employment and population fundamentals. Rents of $1,181/mo are well-absorbed by the market.
Is WI a landlord-friendly state?
WI ranks as a landlord-friendly state for landlord-tenant law. Platteville generally follows the statewide framework, so landlords face reasonable operating rules.
Are homes affordable in Platteville, WI?
Typical homes in Platteville, WI go for around $265K. The 5-year CAGR of 0.0% even-keeled price movement.
What are rental rates like in Platteville, WI?
Platteville, WI rentals go for roughly $1,181/mo a month. That puts gross yield in solid territory relative to $265K acquisition costs.
Do landlords face vacancy issues in Platteville, WI?
Occupancy in Platteville, WI runs measured with elevated vacancy. Well-priced units at $1,181/mo lease on reasonable timelines.
You know 53818 now. You don’t know where it ranks.
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How 53818 ranks in Platteville, WI
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Community Ratings
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