Real Estate Investing in Friendship, Wisconsin (53934)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53934 (Friendship, WI)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 50.0% 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 Friendship, WI (53934)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53934 Friendship
Investors eyeing 53934 need to respect the fundamentals at play. Home values of $226K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $226K asset, 53934 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 53934's metrics run below Adams County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 53934 includes headwinds that any investor should price in. Income distribution skews lower than Friendship averages, and tenant stability requires active management.
New investors are better served looking at Friendship's stable or hybrid ZIPs before stepping into 53934. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Friendship:
Property Strategy for 53934
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $188,012 | $1,020 | 3.9% | +12.2% | $94,006 |
| 3BR | $269,521 | $1,300 | 3.5% | +11.7% | $89,840 |
Market Trends
Home Value History (with trend line)
📊 How Does 53934 Compare?
| Metric | 53934 | Friendship | Wisconsin |
|---|---|---|---|
| Home Value | $225,779 | $225,779 | $320,446 |
| 5-Year CAGR | 8.2% | 8.2% | 7.3% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 53934 (Friendship, WI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 53934 (Friendship, WI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $225,779 |
| Monthly Rent | $918 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +9.7% ▲ |
🏠 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 (3.2%). 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 53934
Population: 4,404
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
Frequently Asked Questions
How does Friendship, WI stack up for property investment?
Yes - Friendship, WI a 3.0/5 investability score. With $226K home prices against $918/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are there empty rentals in Friendship, WI?
Friendship, WI sees elevated vacancy, which is reasonable relative to the broader WI rental market.
What do rentals go for in Friendship, WI?
Rental rates in Friendship, WI average $918/mo. Tenant demand and $226K home values make the yield look reasonable by investor standards.
Does a duplex house hack pencil in Friendship, WI?
For house hackers, Friendship, WI is a challenging. The $918/mo rent on a unit helps defray the mortgage on a $226K property.
What strategy should investors use in Friendship, WI?
Investors usually favor careful cash-flow rentals with hands-on management in Friendship, WI. With home values at $226K and rents near $918/mo, other strategies can work but produce even-keeled rather than outsized returns.
You know 53934 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 53934 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.
AI Market Advisor
Ask questions about investing in 53934 (Friendship)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 53934 (Friendship, WI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.