Real Estate Investing in Alma, Wisconsin (54610)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54610 (Alma, 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: 22.1% 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 Alma, WI (54610)?
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Market Analysis: 54610 Alma
Investors eyeing 54610 need to respect the fundamentals at play. Home values of $249K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 54610 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 54610 among WI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A resilient renter share of 24% in 54610 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 54610 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 Alma:
Market Trends
Home Value History (with trend line)
📊 How Does 54610 Compare?
| Metric | 54610 | Alma | Wisconsin |
|---|---|---|---|
| Home Value | $248,819 | $248,819 | $320,446 |
| 5-Year CAGR | 4.7% | 4.7% | 7.3% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54610 (Alma, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $248,819 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.7%). 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 54610
Population: 1,544
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 54610
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 much does a house cost in Alma, WI?
Homes in Alma, WI typically sell near $249K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is Alma, WI landlord-friendly?
WI ranks as a landlord-friendly state for landlord-tenant law. Alma generally follows the statewide framework, so landlords face reasonable operating rules.
How qualified is the tenant pool in Alma, WI?
The tenant pool in Alma, WI is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
What is the best play in Alma, WI?
For Alma, WI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How much do tenants pay in Alma, WI?
Rent in Alma, WI is around $873/mo. The resulting rent-to-value relationship with $249K pricing is reasonable for most investor models.
You know 54610 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 54610 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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