Real Estate Investing in Eleva, Wisconsin (54738)
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Should you buy in 54738 (Eleva, WI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 38.9 — 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 Eleva, WI (54738)?
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Market Analysis: 54738 Eleva
ZIP 54738 in Eleva, WI carries a solid set of headwinds. Home values near $416K and rents of $891/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 54738 can be a an appealing option for hunting ground — but the discount at $416K reflects genuine risk that outside investors often underestimate.
In the broader WI picture, 54738 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 54738 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. resilient returns are possible in 54738, 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 Eleva:
Market Trends
Home Value History (with trend line)
📊 How Does 54738 Compare?
| Metric | 54738 | Eleva | Eau Claire, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $416,117 | $416,117 | N/A | $320,446 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 7.3% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54738 (Eleva, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $416,117 |
| Monthly Rent | $891 |
| Price-to-Rent | 38.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (1.7%). 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 54738
Population: 3,759
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
🎓 Nearby Colleges & Universities
Investor Insight: With 6,144 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in Eleva, WI?
Rents in Eleva, WI run near $891/mo. Compared with median home prices of $416K that produces solid gross yields for typical rentals.
What is the rental occupancy rate in Eleva, WI?
Eleva, WI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How strong is Eleva, WI for real estate investors?
Eleva, WI scores 2.0/5 for investability. Home values sit at $416K and rents near $891/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Can I house hack in Eleva, WI?
Eleva, WI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $416K price point reasonable to enter.
What is the renter demographic in Eleva, WI?
Tenant quality in Eleva, WI ranks as solid. Landlords generally report measured occupancy at market rents of $891/mo.
You know 54738 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 54738 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.
How 54738 ranks in Eau Claire, WI
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