Real Estate Investing in Kendall, Wisconsin (54638)

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

Monroe County • Population: 1,541 • Data updated: September 2026

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Should you buy in 54638 (Kendall, WI)? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (71/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 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
1 flag
  • High vacancy: 12.0% 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 Kendall, WI (54638)?

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3.0/ 5

Investability

Overall investment appeal

4.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $237,724
Avg Monthly Rent $873
1% Rule ✗ Does Not Meet
Median Income $58,333
% Renters 13.5%

Market Analysis: 54638 Kendall

The 54638 ZIP covers a section of Kendall that demands careful diligence. Prices near $238K look accessible, but the work to make a deal cash flow is real.

If the plan assumes clean turnover, on-time rent, and low maintenance on a $238K asset, 54638 is the wrong submarket. If the plan prices in friction, the yield can still work.

Statewide comparisons place 54638 among WI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.

Demographically, 54638 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.

Distressed ZIPs reward experience. robust returns are possible in 54638, but they flow to investors who already understand how to operate in soft markets.

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 Kendall:

B Good
Buy Confidence Score: 70/100
Affordability
15/25
Appreciation
25/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.1× the median income
Value Trend
Rising (+14.0%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $873/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)

$252K$221K$190K$160K$129K$98KJan 2015Oct 2020Jul 2026

📊 How Does 54638 Compare?

Metric 54638 Kendall Wisconsin
Home Value $237,724 $237,724 $320,446
5-Year CAGR 8.6% 8.6% 7.3%
Avg Rent $873 $873 -
Cap Rate 2.9% 2.9% -
💡 Why Invest in 54638? 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 54638 (Kendall, WI). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.9%
Low
5yr Growth
+8.6%
Strong

📊 Market Snapshot

Home Value $237,724
Monthly Rent $873
Price-to-Rent 22.7:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.4%
Cap Rate 2.9%
5-Year IRR 11.4%

📈 Home Appreciation

1-Year +14.0% ▲
3-Year CAGR +8.5% ▲
5-Year CAGR +8.6% ▲
10-Year CAGR +7.2% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.9%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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.

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⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
12.0%
Moderate risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+8.6%
Growing
Eviction process: Fast Rent control: Favorable

Demographics in 54638

Population: 1,541

💰 Median Household Income
$58,333
This area
$58,333
State
$73,177
USA
$74,580
🏠 Renter Occupied
13.5%
This area
13.5%
State
22.0%
USA
34.0%
💼 Unemployment Rate
1.4%
This area
1.4%
State
-1.8%
USA
3.7%
🎓 College Educated
18.8%
This area
18.8%
State
17.1%
USA
33.7%
👤 Median Age
47.4 years
This area
47.4 years
State
35.3 years
USA
38.9 years
🏚️ Vacancy Rate
12.0%
This area
12.0%
State
17.1%
USA
10.5%
👥 Population by Ethnicity
White 96.3%
Other/Mixed 2.9%
Hispanic/Latino 0.6%
Black/African American 0.4%
Asian 0.4%
👶 Under 18
22.6%
This area
22.6%
USA
22.0%
👴 65 and Over
24.1%
This area
24.1%
USA
17.3%
📊 Poverty Rate
18.0%
This area
18.0%
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

Frequently Asked Questions

How does Kendall, WI stack up for property investment?

Yes - Kendall, WI a 3.0/5 investability score. With $238K home prices against $873/mo monthly rent, the market delivers a reasonable entry point for new investors.

How tight is the rental market in Kendall, WI?

Kendall, WI carries elevated vacancy risk. Expect measured absorption at market rents of $873/mo.

How do experienced investors play Kendall, WI?

The best-fit strategy in Kendall, WI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

Is house hacking profitable in Kendall, WI?

House hacking works a challenging in Kendall, WI. Rents of $873/mo against $238K acquisition make the strategy solid for owner-occupants.

What is the average monthly rent in Kendall, WI?

Rent in Kendall, WI is around $873/mo. The resulting rent-to-value relationship with $238K pricing is reasonable for most investor models.

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