Real Estate Investing in Luck, Wisconsin (54853)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54853 (Luck, WI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 39.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.3 — 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 Luck, WI (54853)?
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Market Analysis: 54853 Luck
ZIP 54853 in Luck, WI carries a durable set of headwinds. Home values near $331K and rents of $909/mo sit inside a market where underwriting has to be tight.
The investment case in 54853 is solid only for operators who understand what they are buying. A $331K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader WI picture, 54853 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 54853 includes headwinds that any investor should price in. Income distribution skews lower than Luck averages, and tenant stability requires active management.
The right play in 54853 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Luck:
Property Strategy for 54853
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $282,945 | $1,010 | 2.6% | +10.3% | $141,472 |
| 3BR | $335,936 | $1,250 | 2.7% | +9.2% | $111,979 |
Market Trends
Home Value History (with trend line)
📊 How Does 54853 Compare?
| Metric | 54853 | Luck | Wisconsin |
|---|---|---|---|
| Home Value | $330,928 | $330,928 | $320,446 |
| 5-Year CAGR | 6.0% | 6.0% | 7.3% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54853 (Luck, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $330,928 |
| Monthly Rent | $909 |
| Price-to-Rent | 30.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (2.1%). 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 54853
Population: 3,575
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 54853
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 are vacancy rates like in Luck, WI?
Luck, WI carries elevated vacancy risk. Expect consistent absorption at market rents of $909/mo.
What are rental rates like in Luck, WI?
Rents in Luck, WI run near $909/mo. Compared with median home prices of $331K that produces solid gross yields for typical rentals.
What is it like being a landlord in Luck, WI?
Landlord-friendliness in Luck, WI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical renter like in Luck, WI?
Tenant demand in Luck, WI is solid. The local workforce $909/mo rents across most rental classes.
How does Luck, WI stack up for property investment?
The 3.0/5 investability rating in Luck, WI reflects its $331K prices and $909/mo rents. Investors generally consider it a solid option within WI.
You know 54853 now. You don’t know where it ranks.
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