Real Estate Investing in Elroy, Wisconsin (53929)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53929 (Elroy, 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.
- High vacancy: 14.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elroy, WI (53929)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53929 Elroy
The 53929 ZIP covers a section of Elroy that demands careful diligence. Prices near $238K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $238K asset, 53929 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Elroy have seen price recovery that 53929 has not matched. Juneau County data supports the view that the spread is structural rather than temporary.
A healthy renter share of 18% in 53929 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. solid returns are possible in 53929, 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 Elroy:
Market Trends
Home Value History (with trend line)
📊 How Does 53929 Compare?
| Metric | 53929 | Elroy | Wisconsin |
|---|---|---|---|
| Home Value | $237,517 | $237,517 | $320,446 |
| 5-Year CAGR | 7.2% | 7.2% | 7.3% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53929 (Elroy, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $237,517 |
| Monthly Rent | $891 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +12.6% ▲ |
| 3-Year CAGR | +8.6% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (2.9%). 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 53929
Population: 2,833
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 53929
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
Is Elroy, WI a smart market for rental property?
With a 3.0/5 investability score, Elroy, WI ranks as a solid market for rental property investors. Median prices of $238K and rents of $891/mo drive the underlying numbers.
How much rent can I charge in Elroy, WI?
Rents in Elroy, WI run near $891/mo. Compared with median home prices of $238K that produces solid gross yields for typical rentals.
What is the renter demographic in Elroy, WI?
Elroy, WI offers a stable renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the average home sale price in Elroy, WI?
Expect median prices around $238K in Elroy, WI. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
How tight is the rental market in Elroy, WI?
Elroy, WI carries elevated vacancy risk. Expect reliable absorption at market rents of $891/mo.
You know 53929 now. You don’t know where it ranks.
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