Real Estate Investing in New Richmond, Wisconsin (54017)
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Should you buy in 54017 (New Richmond, 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 New Richmond, WI (54017)?
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Market Analysis: 54017 New Richmond
The 54017 ZIP covers a section of New Richmond that demands careful diligence. Prices near $384K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 54017 can be a a viable market for hunting ground — but the discount at $384K reflects genuine risk that outside investors often underestimate.
Regionally, 54017 sits on the difficult end of the WI spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 54017 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. solid returns are possible in 54017, 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 New Richmond:
Property Strategy for 54017
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $286,098 | $1,520 | 3.8% | +5.8% | $143,049 |
| 3BR | $360,789 | $2,020 | 4.0% | +6.3% | $120,263 |
| 4BR | $434,253 | $2,270 | 3.8% | +6.5% | $108,563 |
| 5BR | $499,619 | — | — | +7.0% | $99,924 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 54017 Compare?
| Metric | 54017 | New Richmond | Wisconsin |
|---|---|---|---|
| Home Value | $383,764 | $383,764 | $320,446 |
| 5-Year CAGR | 3.6% | 3.6% | 7.3% |
| Avg Rent | $1,604 | $1,604 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54017 (New Richmond, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $383,764 |
| Monthly Rent | $1,604 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | -9.4% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 54017
Population: 19,722
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 54017
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
What is the typical rental rate in New Richmond, WI?
The typical rental in New Richmond, WI commands about $1,604/mo monthly. That rent profile steady cash flow against the $384K purchase basis.
How landlord-friendly is New Richmond, WI?
The landlord environment in New Richmond, WI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the investability score for New Richmond, WI?
Yes - New Richmond, WI a 3.0/5 investability score. With $384K home prices against $1,604/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is the tenant base reliable in New Richmond, WI?
The renter base in New Richmond, WI is reasonable for the $1,604/mo price point. Screening well and pricing to market typically yields consistent tenants.
What type of investing works in New Richmond, WI?
Investors usually favor careful cash-flow rentals with hands-on management in New Richmond, WI. With home values at $384K and rents near $1,604/mo, other strategies can work but produce measured rather than outsized returns.
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