Real Estate Investing in Gresham, Wisconsin (54128)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54128 (Gresham, 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: 25.2% 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 Gresham, WI (54128)?
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Market Analysis: 54128 Gresham
ZIP 54128 in Gresham, WI carries a notable set of headwinds. Home values near $258K and rents of $918/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 54128 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Put differently, 54128 offers a low basis, the region around Gresham has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 54128 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.
Strategically, 54128 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Gresham:
Market Trends
Home Value History (with trend line)
📊 How Does 54128 Compare?
| Metric | 54128 | Gresham | Shawano, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $258,024 | $258,024 | N/A | $320,446 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 7.3% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54128 (Gresham, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $258,024 |
| Monthly Rent | $918 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (2.8%). 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 54128
Population: 2,109
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 54128
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
How much should I expect to pay for a home in Gresham, WI?
Typical homes in Gresham, WI go for around $258K. The 5-year CAGR of 0.0% reliable price movement.
Are there empty rentals in Gresham, WI?
Vacancy in Gresham, WI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $918/mo.
What is the typical rental rate in Gresham, WI?
Investors in Gresham, WI typically see rents near $918/mo per month against $258K home values - a solid setup for rental cash flow.
What is it like being a landlord in Gresham, WI?
WI ranks as a landlord-friendly state for landlord-tenant law. Gresham generally follows the statewide framework, so landlords face reasonable operating rules.
What is the tenant pool like in Gresham, WI?
The tenant pool in Gresham, WI is solid, supported by local employment and population fundamentals. Rents of $918/mo are well-absorbed by the market.
You know 54128 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 54128 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 54128 ranks in Shawano, WI
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