Real Estate Investing in Elmwood, Wisconsin (54740)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54740 (Elmwood, 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.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elmwood, WI (54740)?
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Market Analysis: 54740 Elmwood
The 54740 ZIP in Elmwood, WI is a local-operator market. Outside capital chasing a $274K entry has to pair deep knowledge with the discount.
The investment case in 54740 is impressive only for operators who understand what they are buying. A $274K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In practical terms, 54740 offers a low basis, the region around Elmwood has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 54740 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 54740 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Elmwood:
Market Trends
Home Value History (with trend line)
📊 How Does 54740 Compare?
| Metric | 54740 | Elmwood | Wisconsin |
|---|---|---|---|
| Home Value | $273,767 | $273,767 | $320,446 |
| 5-Year CAGR | 4.7% | 4.7% | 7.3% |
| Avg Rent | $1,368 | $1,368 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54740 (Elmwood, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,767 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.9%). 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 54740
Population: 1,858
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 54740
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How do home values compare in Elmwood, WI?
In Elmwood, WI the median home value sits at $274K. Against the broader WI market, that reads as reasonable for most investors.
How quickly do rentals get leased in Elmwood, WI?
Elmwood, WI carries elevated vacancy risk. Expect measured absorption at market rents of $1,368/mo.
Are eviction rules reasonable in Elmwood, WI?
Elmwood, 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 Elmwood, WI?
Elmwood, WI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $274K price point reasonable to enter.
Are tenants stable in Elmwood, WI?
Working renters make up the core of the Elmwood, WI tenant base. The pool is reasonable for investors targeting long-term holds.
You know 54740 now. You don’t know where it ranks.
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How 54740 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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