Real Estate Investing in Florence, Wisconsin (54121)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54121 (Florence, 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: 54.8% 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 Florence, WI (54121)?
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Market Analysis: 54121 Florence
Meanwhile, ZIP 54121 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $229K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 54121 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 54121 sits on the difficult end of the WI spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 54121 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Florence:
Market Trends
Home Value History (with trend line)
📊 How Does 54121 Compare?
| Metric | 54121 | Florence | Iron Mountain, MI-WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $229,328 | $229,328 | N/A | $320,446 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.3% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| 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 54121 (Florence, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $229,328 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 54121
Population: 3,213
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 54121
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 home price in Florence, WI?
Homes in Florence, WI typically sell near $229K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
How much rent can I charge in Florence, WI?
Florence, WI rentals go for roughly $1,008/mo a month. That puts gross yield in solid territory relative to $229K acquisition costs.
Is Florence, WI a good market for FHA house hackers?
Florence, WI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,008/mo rent level.
Is rental property easy to operate in Florence, WI?
The landlord environment in Florence, WI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is the tenant base reliable in Florence, WI?
Tenant demand in Florence, WI is solid. The local workforce $1,008/mo rents across most rental classes.
You know 54121 now. You don’t know where it ranks.
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How 54121 ranks in Iron Mountain, MI-WI
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