Real Estate Investing in Nekoosa, Wisconsin (54457)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54457 (Nekoosa, 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: 32.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.8 — 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 Nekoosa, WI (54457)?
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Market Analysis: 54457 Nekoosa
ZIP 54457 inside Wood County looks affordable on the surface — median value of $281K — but the discount exists for reasons that a careful buyer should understand before committing.
Stepping back, the numbers look inviting — $281K purchase price, 0.0% nominal cap — the work to hit that pro forma in 54457 is substantial and deserves full respect.
Looking more closely, 54457 offers a low basis, the region around Nekoosa has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 54457 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.
Experienced landlords with local relationships tend to find 54457 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Nekoosa:
Property Strategy for 54457
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $273,435 | $970 | 2.6% | +13.5% | $136,717 |
| 3BR | $324,640 | $1,230 | 2.7% | — | $108,213 |
Market Trends
Home Value History (with trend line)
📊 How Does 54457 Compare?
| Metric | 54457 | Nekoosa | Wisconsin Rapids-Marshfield, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $280,589 | $280,589 | N/A | $320,446 |
| 5-Year CAGR | 9.0% | 9.0% | N/A | 7.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 54457 (Nekoosa, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $280,589 |
| Monthly Rent | $873 |
| Price-to-Rent | 26.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +9.0% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 (2.4%). 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 54457
Population: 8,262
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 54457
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
Investor Insight: With 1,569 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Nekoosa, WI a good place for real estate investing?
Yes - Nekoosa, WI a 3.0/5 investability score. With $281K home prices against $873/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much do tenants pay in Nekoosa, WI?
Expect rents around $873/mo per month in Nekoosa, WI. With home values at $281K, the yield math works out to reasonable levels for rental investors.
What approach is best for Nekoosa, WI real estate?
The best-fit strategy in Nekoosa, WI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How tight is the rental market in Nekoosa, WI?
Vacancy risk in Nekoosa, WI is elevated. That supports even-keeled cash flow for typical rental holds.
Is Nekoosa, WI suited for a house hack?
The a challenging house-hack environment in Nekoosa, WI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 54457 now. You don’t know where it ranks.
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How 54457 ranks in Wisconsin Rapids-Marshfield, WI
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