Real Estate Investing in Harshaw, Wisconsin (54529)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Oneida County • Population: 1,199 • Data updated: September 2026

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Should you buy in 54529 (Harshaw, WI)? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (48/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 61.7% of homes vacant — above national norms.
  • High price-to-rent: Price-to-rent ratio 31.5 — 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 Harshaw, WI (54529)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $347,152
Avg Monthly Rent $918
1% Rule ✗ Does Not Meet
Median Income $65,313
% Renters 5.4%

Market Analysis: 54529 Harshaw

Stepping back, ZIP 54529 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $347K median. It rewards specialists, not generalists.

The 54529 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.

Regionally, 54529 sits on the difficult end of the WI spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.

Employment concentration in 54529 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.

Strategy in 54529 is an operator game, not a passive one. In practical terms, entry prices of $347K are inviting, the management lift is real and non-optional.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Harshaw:

C+ Average
Buy Confidence Score: 62/100
Affordability
10/25
Appreciation
22/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Expensive
Homes cost 5.3× the median income
Value Trend
Rising (+13.1%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $918/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.

Market Trends

Home Value History (with trend line)

$362K$320K$278K$236K$194K$152KOct 2011Mar 2019Jul 2026

📊 How Does 54529 Compare?

Metric 54529 Harshaw Wisconsin
Home Value $347,152 $347,152 $320,446
5-Year CAGR 6.0% 6.0% 7.3%
Avg Rent $918 $918 -
Cap Rate 2.1% 2.1% -
💡 Why Invest in 54529? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 54529 (Harshaw, WI). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.1%
Low
5yr Growth
+6.0%
Moderate

📊 Market Snapshot

Home Value $347,152
Monthly Rent $918
Price-to-Rent 31.5:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 3.2%
Cap Rate 2.1%
5-Year IRR 8.0%

📈 Home Appreciation

1-Year +13.1% ▲
3-Year CAGR +5.8% ▲
5-Year CAGR +6.0% ▲
10-Year CAGR +6.3% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.1%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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.

Vacancy
61.7%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+6.0%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 54529

Population: 1,199

💰 Median Household Income
$65,313
This area
$65,313
State
$73,177
USA
$74,580
🏠 Renter Occupied
5.4%
This area
5.4%
State
22.0%
USA
34.0%
💼 Unemployment Rate
0.9%
This area
0.9%
State
-1.8%
USA
3.7%
🎓 College Educated
19.5%
This area
19.5%
State
17.1%
USA
33.7%
👤 Median Age
56.4 years
This area
56.4 years
State
35.3 years
USA
38.9 years
🏚️ Vacancy Rate
61.7%
This area
61.7%
State
17.1%
USA
10.5%
👥 Population by Ethnicity
White 94.0%
Other/Mixed 3.0%
Asian 2.8%
Hispanic/Latino 1.5%
Black/African American 0.2%
👶 Under 18
19.1%
This area
19.1%
USA
22.0%
👴 65 and Over
33.6%
This area
33.6%
USA
17.3%
📊 Poverty Rate
7.5%
This area
7.5%
USA
11.5%

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 54529

A Avg School Grade
1 Schools
9.6:1 Avg Class Size
$18,270 Avg Per Pupil

Schools in This ZIP Code

A Very Good

Northwoods Community Elementary

📚 Pre-K – 05 Elementary
👥
90 Students
👨‍🏫
9.6:1 Class Size
💰
$18,270 Per Student
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

1 Nearby 622 Off-Campus Students
C
Nicolet Area Technical College
1,206 students · 12.3 mi

Investor Insight: With 622 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

How high is vacancy risk in Harshaw, WI?

Harshaw, WI sees elevated vacancy, which is reasonable relative to the broader WI rental market.

How do landlord-tenant laws work in Harshaw, WI?

The landlord environment in Harshaw, WI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

Are homes affordable in Harshaw, WI?

Typical homes in Harshaw, WI go for around $347K. The 5-year CAGR of 0.0% stable price movement.

Can owner-occupants cash flow in Harshaw, WI?

The house hack math a challenging in Harshaw, WI. Owner-occupant buyers benefit from the $918/mo rents and $347K home values.

What approach is best for Harshaw, WI real estate?

Harshaw, WI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($347K prices, $918/mo rents) make it a reasonable choice.

You know 54529 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 54529 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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