Real Estate Investing in Wabeno, Wisconsin (54566)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54566 (Wabeno, 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: 52.3% 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 Wabeno, WI (54566)?
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Market Analysis: 54566 Wabeno
From an investor standpoint, ZIP 54566 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $241K median. It rewards specialists, not generalists.
Rent of $873/mo on a $241K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 54566 sits below the stated 0.0% once reality is priced in.
Within WI, ZIP 54566 trails on several market indicators that neighboring Forest County submarkets outperform. The gap is real and robust enough to shape underwriting.
A notable renter share of 15% in 54566 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 54566 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 Wabeno:
Market Trends
Home Value History (with trend line)
📊 How Does 54566 Compare?
| Metric | 54566 | Wabeno | Wisconsin |
|---|---|---|---|
| Home Value | $240,949 | $240,949 | $320,446 |
| 5-Year CAGR | 8.2% | 8.2% | 7.3% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54566 (Wabeno, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $240,949 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +15.9% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.8%). 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 54566
Population: 1,377
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 54566
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
How expensive is real estate in Wabeno, WI?
The median home value in Wabeno, WI is roughly $241K. That puts it reasonable relative to the WI statewide average.
How does Wabeno, WI rate as a rental market?
Wabeno, WI rates 3.0/5 for investability. With median values at $241K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
Are eviction rules reasonable in Wabeno, WI?
Wabeno, WI falls under WI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Can owner-occupants cash flow in Wabeno, WI?
Wabeno, WI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $873/mo rent level.
What is the tenant pool like in Wabeno, WI?
Expect a solid tenant pool in Wabeno, WI. The rental market absorbs $873/mo rents without meaningful friction.
You know 54566 now. You don’t know where it ranks.
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