Real Estate Investing in Clear Lake, Wisconsin (54005)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54005 (Clear Lake, 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.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Clear Lake, WI (54005)?
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Market Analysis: 54005 Clear Lake
The 54005 ZIP in Clear Lake, WI is a local-operator market. Outside capital chasing a $312K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $312K asset, 54005 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 54005 among WI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Put differently, 3,222 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 54005 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 Clear Lake:
Market Trends
Home Value History (with trend line)
📊 How Does 54005 Compare?
| Metric | 54005 | Clear Lake | Wisconsin |
|---|---|---|---|
| Home Value | $312,140 | $312,140 | $320,446 |
| 5-Year CAGR | 6.4% | 6.4% | 7.3% |
| Avg Rent | $1,368 | $1,368 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54005 (Clear Lake, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $312,140 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (3.4%). 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 54005
Population: 3,222
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 54005
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
How strict are landlord regulations in Clear Lake, WI?
Clear Lake, WI falls under WI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the average monthly rent in Clear Lake, WI?
The typical rental in Clear Lake, WI commands about $1,368/mo monthly. That rent profile even-keeled cash flow against the $312K purchase basis.
What kind of tenants rent in Clear Lake, WI?
Tenant demand in Clear Lake, WI is solid. The local workforce $1,368/mo rents across most rental classes.
How do experienced investors play Clear Lake, WI?
For Clear Lake, WI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How expensive is real estate in Clear Lake, WI?
Homes in Clear Lake, WI typically sell near $312K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
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