Real Estate Investing in Neillsville, Wisconsin (54456)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54456 (Neillsville, 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: 19.0% 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 Neillsville, WI (54456)?
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Market Analysis: 54456 Neillsville
ZIP 54456 in Neillsville, WI carries a impressive set of headwinds. Home values near $222K and rents of $873/mo sit inside a market where underwriting has to be tight.
Meanwhile, the numbers look inviting — $222K purchase price, 0.0% nominal cap — the work to hit that pro forma in 54456 is substantial and deserves full respect.
Within WI, ZIP 54456 trails on several market indicators that neighboring Clark County submarkets outperform. The gap is real and solid enough to shape underwriting.
Who lives in 54456 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 54456 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 Neillsville:
Market Trends
Home Value History (with trend line)
📊 How Does 54456 Compare?
| Metric | 54456 | Neillsville | Wisconsin |
|---|---|---|---|
| Home Value | $222,105 | $222,105 | $320,446 |
| 5-Year CAGR | 7.1% | 7.1% | 7.3% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54456 (Neillsville, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $222,105 |
| Monthly Rent | $873 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.1%). 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 54456
Population: 5,968
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 54456
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 kind of market is Neillsville, WI for investors?
Our data puts Neillsville, WI at 3.0/5 for investability. Home prices of $222K and rents around $873/mo create a solid backdrop for investor activity.
What do landlords charge for rent in Neillsville, WI?
Expect rents around $873/mo per month in Neillsville, WI. With home values at $222K, the yield math works out to reasonable levels for rental investors.
What is the best play in Neillsville, WI?
Neillsville, WI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($222K prices, $873/mo rents) make it a reasonable choice.
Does house hacking make sense in Neillsville, WI?
House hacking in Neillsville, WI is reasonable to execute. Prices around $222K and rents of $873/mo solid owner-occupant economics.
What is the rental occupancy rate in Neillsville, WI?
Occupancy in Neillsville, WI runs even-keeled with elevated vacancy. Well-priced units at $873/mo lease on reasonable timelines.
You know 54456 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 54456 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.
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Community Ratings
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