Real Estate Investing in Solon Springs, Wisconsin (54873)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54873 (Solon Springs, 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: 49.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.4 — 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 Solon Springs, WI (54873)?
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Market Analysis: 54873 Solon Springs
ZIP 54873 in Solon Springs, WI carries a notable set of headwinds. Home values near $305K and rents of $927/mo sit inside a market where underwriting has to be tight.
Put differently, the numbers look inviting — $305K purchase price, 0.0% nominal cap — the work to hit that pro forma in 54873 is substantial and deserves full respect.
In the broader WI picture, 54873 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 54873 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. significant returns are possible in 54873, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Solon Springs:
Property Strategy for 54873
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $254,064 | $1,030 | 2.9% | +10.5% | $127,032 |
| 3BR | $329,080 | $1,390 | 3.0% | +9.3% | $109,693 |
Market Trends
Home Value History (with trend line)
📊 How Does 54873 Compare?
| Metric | 54873 | Solon Springs | Duluth, MN-WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $305,183 | $305,183 | N/A | $320,446 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.3% |
| Avg Rent | $927 | $927 | N/A | - |
| 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 54873 (Solon Springs, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,183 |
| Monthly Rent | $927 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 54873
Population: 3,236
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 54873
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
Is vacancy a concern in Solon Springs, WI?
Rental vacancy in Solon Springs, WI is elevated. Investors should budget normal turnover but not chronic empty units.
How much should I expect to pay for a home in Solon Springs, WI?
Typical homes in Solon Springs, WI go for around $305K. The 5-year CAGR of 0.0% predictable price movement.
Is Solon Springs in WI worth investing in?
Investors tracking Solon Springs, WI will find a 3.0/5 rating supported by $305K median home values and $927/mo rents. That profile suits long-term holders targeting reliable returns.
Is WI a landlord-friendly state?
Landlord-friendliness in Solon Springs, WI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What are rental rates like in Solon Springs, WI?
Average rent in Solon Springs, WI is approximately $927/mo per month. Against $305K home values that yields a reasonable rent-to-price ratio.
You know 54873 now. You don’t know where it ranks.
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How 54873 ranks in Duluth, MN-WI
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