Real Estate Investing in Markesan, Wisconsin (53946)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53946 (Markesan, 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: 33.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.1 — 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 Markesan, WI (53946)?
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Market Analysis: 53946 Markesan
The 53946 ZIP in Markesan, WI is a local-operator market. Outside capital chasing a $319K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 53946 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader WI picture, 53946 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 53946 ZIP's population of 4,308 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Experienced landlords with local relationships tend to find 53946 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Markesan:
Market Trends
Home Value History (with trend line)
📊 How Does 53946 Compare?
| Metric | 53946 | Markesan | Wisconsin |
|---|---|---|---|
| Home Value | $318,943 | $318,943 | $320,446 |
| 5-Year CAGR | 7.1% | 7.1% | 7.3% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53946 (Markesan, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $318,943 |
| Monthly Rent | $882 |
| Price-to-Rent | 30.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.2%). 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 53946
Population: 4,308
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 53946
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
Is Markesan, WI a smart market for rental property?
Markesan, WI sits at an investability rating of 3.0/5, with median home values near $319K and average rents around $882/mo. That combination puts it in the significant tier for investor interest.
What is the typical vacancy rate in Markesan, WI?
Rental vacancy in Markesan, WI is elevated. Investors should budget normal turnover but not chronic empty units.
What are rental rates like in Markesan, WI?
Rents in Markesan, WI run near $882/mo. Compared with median home prices of $319K that produces solid gross yields for typical rentals.
Can I live-in-and-rent in Markesan, WI?
Markesan, WI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $882/mo rent level.
How deep is the rental pool in Markesan, WI?
Markesan, WI draws a even-keeled base of working renters. Demand at the $882/mo rent level is reasonable for standard single-family and small multi rentals.
You know 53946 now. You don’t know where it ranks.
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