Real Estate Investing in Mishicot, Wisconsin (54228)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54228 (Mishicot, WI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.5 — 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 Mishicot, WI (54228)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 54228 Mishicot
This part of Manitowoc County is not an easy win. The 54228 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 54228 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 54228 and stronger Mishicot ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 54228 ZIP's population of 2,886 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
New investors are better served looking at Mishicot's stable or hybrid ZIPs before stepping into 54228. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Mishicot:
Market Trends
Home Value History (with trend line)
📊 How Does 54228 Compare?
| Metric | 54228 | Mishicot | Manitowoc, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $266,863 | $266,863 | N/A | $320,446 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 7.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54228 (Mishicot, WI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 54228 (Mishicot, WI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $266,863 |
| Monthly Rent | $873 |
| Price-to-Rent | 25.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +8.6% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.6%). 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 54228
Population: 2,886
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 54228
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 real estate strategy is ideal for Mishicot, WI?
Mishicot, WI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($267K prices, $873/mo rents) make it a reasonable choice.
How strict are landlord regulations in Mishicot, WI?
Mishicot, WI operates under WI law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Can owner-occupants cash flow in Mishicot, WI?
Mishicot, WI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $267K price point reasonable to enter.
Is real estate in Mishicot, WI a good investment right now?
Mishicot, WI rates 3.0/5 for investability. With median values at $267K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
Are tenants stable in Mishicot, WI?
Working renters make up the core of the Mishicot, WI tenant base. The pool is reasonable for investors targeting long-term holds.
You know 54228 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 54228 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 54228 ranks in Manitowoc, WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 54228 (Mishicot)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 54228 (Mishicot, WI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.