Real Estate Investing in Iron River, Wisconsin (54847)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54847 (Iron River, 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: 45.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.2 — 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 Iron River, WI (54847)?
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Market Analysis: 54847 Iron River
The 54847 ZIP covers a section of Iron River that demands careful diligence. Prices near $308K look accessible, but the work to make a deal cash flow is real.
The investment case in 54847 is notable only for operators who understand what they are buying. A $308K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 54847 sits on the difficult end of the WI spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 54847 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Iron River's stable or hybrid ZIPs before stepping into 54847. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Iron River:
Property Strategy for 54847
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $294,572 | $1,050 | 2.6% | +11.8% | $147,286 |
| 3BR | $366,093 | $1,380 | 2.7% | +9.9% | $122,031 |
Market Trends
Home Value History (with trend line)
📊 How Does 54847 Compare?
| Metric | 54847 | Iron River | Wisconsin |
|---|---|---|---|
| Home Value | $308,216 | $308,216 | $320,446 |
| 5-Year CAGR | 5.0% | 5.0% | 7.3% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 2.4% | 2.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54847 (Iron River, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $308,216 |
| Monthly Rent | $945 |
| Price-to-Rent | 27.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 54847
Population: 2,454
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 54847
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 investability score for Iron River, WI?
With a 3.0/5 investability score, Iron River, WI ranks as a solid market for rental property investors. Median prices of $308K and rents of $945/mo drive the underlying numbers.
Is Iron River, WI a friendly market for rental owners?
Iron River, WI operates under WI law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
What is the typical vacancy rate in Iron River, WI?
Expect elevated vacancy in Iron River, WI. Rents at $945/mo are absorbed by the tenant base without meaningful lag.
What is the renter demographic in Iron River, WI?
Tenant demand in Iron River, WI is solid. The local workforce $945/mo rents across most rental classes.
Are rents high in Iron River, WI?
Average rent in Iron River, WI is approximately $945/mo per month. Against $308K home values that yields a reasonable rent-to-price ratio.
You know 54847 now. You don’t know where it ranks.
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