Real Estate Investing in Keshena, Wisconsin (54135)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54135 (Keshena, WI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 45.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.5 — 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 Keshena, WI (54135)?
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Market Analysis: 54135 Keshena
ZIP 54135 in Keshena, WI carries a solid set of headwinds. Home values near $320K and rents of $873/mo sit inside a market where underwriting has to be tight.
The 54135 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader WI picture, 54135 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
In practical terms, 2,968 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.
The right play in 54135 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 Keshena:
Property Strategy for 54135
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $380,505 | $970 | 1.8% | +10.8% | $190,252 |
| 3BR | $475,270 | $1,310 | 2.0% | +10.9% | $158,423 |
| 4BR | $532,391 | $1,320 | 1.8% | — | $133,098 |
Market Trends
Home Value History (with trend line)
📊 How Does 54135 Compare?
| Metric | 54135 | Keshena | Shawano, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $319,833 | $319,833 | N/A | $320,446 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54135 (Keshena, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $319,833 |
| Monthly Rent | $873 |
| Price-to-Rent | 30.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.1%). 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 54135
Population: 2,968
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 54135
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 WI a landlord-friendly state?
WI law landlord-friendly for landlords, and Keshena inherits those rules. Investors should still review local ordinances for rental licensing.
Does Keshena, WI make sense for an investment property?
Yes - Keshena, WI a 3.0/5 investability score. With $320K home prices against $873/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is the tenant base reliable in Keshena, WI?
Keshena, WI offers a measured renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
Can owner-occupants cash flow in Keshena, WI?
House hacking in Keshena, WI is a challenging. With home values around $320K and rents at $873/mo, owner-occupants can offset a meaningful share of PITI.
Is housing expensive in Keshena, WI?
Expect median prices around $320K in Keshena, WI. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
You know 54135 now. You don’t know where it ranks.
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How 54135 ranks in Shawano, WI
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