Real Estate Investing in Phelps, Wisconsin (54554)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54554 (Phelps, 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: 61.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 33.5 — 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 Phelps, WI (54554)?
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Market Analysis: 54554 Phelps
The 54554 ZIP in Phelps, WI is a local-operator market. Outside capital chasing a $351K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $351K asset, 54554 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 54554 offers a low basis, the region around Phelps has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On balance, 1,099 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. solid returns are possible in 54554, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Phelps:
Market Trends
Home Value History (with trend line)
📊 How Does 54554 Compare?
| Metric | 54554 | Phelps | Wisconsin |
|---|---|---|---|
| Home Value | $351,363 | $351,363 | $320,446 |
| 5-Year CAGR | 6.5% | 6.5% | 7.3% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 1.9% | 1.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54554 (Phelps, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $351,363 |
| Monthly Rent | $873 |
| Price-to-Rent | 33.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +12.9% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (1.9%). 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 54554
Population: 1,099
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 54554
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 is the average monthly rent in Phelps, WI?
Rents in Phelps, WI run near $873/mo. Compared with median home prices of $351K that produces solid gross yields for typical rentals.
What are vacancy rates like in Phelps, WI?
Phelps, WI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Should investors consider Phelps, WI?
Phelps, WI scores 3.0/5 for investability. Home values sit at $351K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the best play in Phelps, WI?
In Phelps, WI the notable play is typically careful cash-flow rentals with hands-on management. The combination of $351K prices and $873/mo rents suits that approach.
Are renters plentiful in Phelps, WI?
Tenant quality in Phelps, WI ranks as solid. Landlords generally report measured occupancy at market rents of $873/mo.
You know 54554 now. You don’t know where it ranks.
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