Real Estate Investing in Pickerel, Wisconsin (54465)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54465 (Pickerel, 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: 68.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.7 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pickerel, WI (54465)?
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Market Analysis: 54465 Pickerel
Not every below-median market is a bargain. Pickerel's 54465 ZIP reflects signals that favor experienced operators who can absorb the risk $307K pricing implies.
In practical terms, the numbers look inviting — $307K purchase price, 0.0% nominal cap — the work to hit that pro forma in 54465 is substantial and deserves full respect.
Nearby ZIPs in Pickerel have seen price recovery that 54465 has not matched. Forest County data supports the view that the spread is structural rather than temporary.
Employment concentration in 54465 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 54465 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 Pickerel:
Market Trends
Home Value History (with trend line)
📊 How Does 54465 Compare?
| Metric | 54465 | Pickerel | Wisconsin |
|---|---|---|---|
| Home Value | $306,857 | $306,857 | $320,446 |
| 5-Year CAGR | 8.9% | 8.9% | 7.3% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54465 (Pickerel, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $306,857 |
| Monthly Rent | $891 |
| Price-to-Rent | 28.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +11.4% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +8.9% ▲ |
| 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 (2.3%). 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 54465
Population: 720
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
Frequently Asked Questions
How does Pickerel, WI rate as a rental market?
The 3.0/5 investability rating in Pickerel, WI reflects its $307K prices and $891/mo rents. Investors generally consider it a solid option within WI.
Are there empty rentals in Pickerel, WI?
Pickerel, WI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the average monthly rent in Pickerel, WI?
Pickerel, WI rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $307K acquisition costs.
Is rental property easy to operate in Pickerel, WI?
Rental owners in Pickerel, WI deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What approach is best for Pickerel, WI real estate?
Investors usually favor careful cash-flow rentals with hands-on management in Pickerel, WI. With home values at $307K and rents near $891/mo, other strategies can work but produce steady rather than outsized returns.
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