Real Estate Investing in Gillett, Wisconsin (54124)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54124 (Gillett, 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: 22.4% 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 Gillett, WI (54124)?
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Market Analysis: 54124 Gillett
Investors eyeing 54124 need to respect the fundamentals at play. Home values of $252K come alongside slower price movement and elevated management overhead.
Rent of $873/mo on a $252K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 54124 sits below the stated 0.0% once reality is priced in.
Within WI, ZIP 54124 trails on several market indicators that neighboring Oconto County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Demographically, 54124 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 54124 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Gillett:
Market Trends
Home Value History (with trend line)
📊 How Does 54124 Compare?
| Metric | 54124 | Gillett | Green Bay, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $252,249 | $252,249 | N/A | $320,446 |
| 5-Year CAGR | 8.9% | 8.9% | N/A | 7.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54124 (Gillett, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $252,249 |
| Monthly Rent | $873 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +9.1% ▲ |
| 5-Year CAGR | +8.9% ▲ |
| 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 (2.7%). 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 54124
Population: 3,345
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 54124
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 Gillett, WI suited for a house hack?
For house hackers, Gillett, WI is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $252K property.
Is Gillett, WI good for landlords?
Gillett, WI falls under WI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is it easy to find good tenants in Gillett, WI?
Tenant demand in Gillett, WI is solid. The local workforce $873/mo rents across most rental classes.
What monthly rent should investors expect in Gillett, WI?
Rental rates in Gillett, WI average $873/mo. Tenant demand and $252K home values make the yield look reasonable by investor standards.
Are homes affordable in Gillett, WI?
Gillett, WI median home values land near $252K. That is reasonable territory for investors looking at $873/mo-per-month rentals.
You know 54124 now. You don’t know where it ranks.
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How 54124 ranks in Green Bay, WI
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