Real Estate Investing in Butternut, Wisconsin (54514)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54514 (Butternut, 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: 44.5% 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 Butternut, WI (54514)?
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Market Analysis: 54514 Butternut
Investors eyeing 54514 need to respect the fundamentals at play. Home values of $218K come alongside slower price movement and elevated management overhead.
The investment case in 54514 is resilient only for operators who understand what they are buying. A $218K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 54514's metrics run below Ashland County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 54514 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.
The right play in 54514 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Butternut:
Market Trends
Home Value History (with trend line)
📊 How Does 54514 Compare?
| Metric | 54514 | Butternut | Wisconsin |
|---|---|---|---|
| Home Value | $218,214 | $218,214 | $320,446 |
| 5-Year CAGR | 4.7% | 4.7% | 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 54514 (Butternut, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $218,214 |
| Monthly Rent | $873 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 54514
Population: 1,810
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 54514
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
Should investors worry about vacancy in Butternut, WI?
Butternut, WI sees elevated vacancy, which is reasonable relative to the broader WI rental market.
Is Butternut, WI good for landlords?
Butternut, WI falls under WI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How deep is the rental pool in Butternut, WI?
The tenant pool in Butternut, WI is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
Can owner-occupants cash flow in Butternut, WI?
Butternut, WI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $218K price point reasonable to enter.
What strategy should investors use in Butternut, WI?
Investors usually favor careful cash-flow rentals with hands-on management in Butternut, WI. With home values at $218K and rents near $873/mo, other strategies can work but produce measured rather than outsized returns.
You know 54514 now. You don’t know where it ranks.
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