Real Estate Investing in Milltown, Wisconsin (54858)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54858 (Milltown, 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: 28.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.6 — 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 Milltown, WI (54858)?
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Market Analysis: 54858 Milltown
ZIP 54858 in Milltown, WI carries a healthy set of headwinds. Home values near $309K and rents of $900/mo sit inside a market where underwriting has to be tight.
The 54858 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 54858's metrics run below Polk County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 54858 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 54858 is an operator game, not a passive one. Stepping back, entry prices of $309K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Milltown:
Market Trends
Home Value History (with trend line)
📊 How Does 54858 Compare?
| Metric | 54858 | Milltown | Wisconsin |
|---|---|---|---|
| Home Value | $308,796 | $308,796 | $320,446 |
| 5-Year CAGR | 4.5% | 4.5% | 7.3% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54858 (Milltown, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $308,796 |
| Monthly Rent | $900 |
| Price-to-Rent | 28.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 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 (2.3%). 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 54858
Population: 1,578
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
Frequently Asked Questions
How strong is Milltown, WI for real estate investors?
The 3.0/5 investability rating in Milltown, WI reflects its $309K prices and $900/mo rents. Investors generally consider it a solid option within WI.
How tight is the rental market in Milltown, WI?
Rental vacancy in Milltown, WI is elevated. Investors should budget normal turnover but not chronic empty units.
Are rents high in Milltown, WI?
Rent in Milltown, WI is around $900/mo. The resulting rent-to-value relationship with $309K pricing is reasonable for most investor models.
Does Milltown, WI favor landlords or tenants?
Landlord-friendliness in Milltown, WI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Where do home prices stand in Milltown, WI?
Median home price in Milltown, WI is near $309K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
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