Real Estate Investing in Gordon, Wisconsin (54838)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54838 (Gordon, 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: 70.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.7 — 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 Gordon, WI (54838)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 54838 Gordon
The 54838 ZIP in Gordon, WI is a local-operator market. Outside capital chasing a $299K entry has to pair deep knowledge with the discount.
The investment case in 54838 is solid only for operators who understand what they are buying. A $299K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 54838's metrics run below Douglas County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 54838 ZIP's population of 1,302 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The 54838 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 Gordon:
Market Trends
Home Value History (with trend line)
📊 How Does 54838 Compare?
| Metric | 54838 | Gordon | Duluth, MN-WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $299,486 | $299,486 | N/A | $320,446 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.3% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54838 (Gordon, WI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 54838 (Gordon, WI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $299,486 |
| Monthly Rent | $936 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (2.4%). 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 54838
Population: 1,302
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 54838
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
What is the median home value in Gordon, WI?
Typical homes in Gordon, WI go for around $299K. The 5-year CAGR of 0.0% even-keeled price movement.
How strict are landlord regulations in Gordon, WI?
Rental owners in Gordon, WI deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are renters plentiful in Gordon, WI?
Gordon, WI draws a reliable base of working renters. Demand at the $936/mo rent level is reasonable for standard single-family and small multi rentals.
What investment strategy works best in Gordon, WI?
In Gordon, WI the notable play is typically careful cash-flow rentals with hands-on management. The combination of $299K prices and $936/mo rents suits that approach.
Is house hacking profitable in Gordon, WI?
House hacking works a challenging in Gordon, WI. Rents of $936/mo against $299K acquisition make the strategy solid for owner-occupants.
You know 54838 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 54838 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 54838 ranks in Duluth, MN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 54838 (Gordon)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 54838 (Gordon, WI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.