Real Estate Investing in Oshkosh, Wisconsin (54904)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54904 (Oshkosh, WI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Oshkosh, WI (54904)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 54904 Oshkosh
The 54904 ZIP in Oshkosh, WI is a local-operator market. Outside capital chasing a $369K entry has to pair deep knowledge with the discount.
The 54904 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Oshkosh have seen price recovery that 54904 has not matched. Winnebago County data supports the view that the spread is structural rather than temporary.
On the rental side, 22,428 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 54904 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 Oshkosh:
Property Strategy for 54904
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $279,728 | $1,140 | 2.9% | +8.0% | $139,864 |
| 3BR | $336,347 | $1,530 | 3.3% | +7.8% | $112,116 |
| 4BR | $406,486 | $1,640 | 2.9% | +7.4% | $101,622 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 54904 Compare?
| Metric | 54904 | Oshkosh | Oshkosh-Neenah, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $368,891 | $279,375 | N/A | $320,446 |
| 5-Year CAGR | 5.8% | 6.5% | N/A | 7.3% |
| Avg Rent | $2,200 | $1,533 | N/A | - |
| Cap Rate | 4.7% | 4.2% | - | - |
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 54904 (Oshkosh, WI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 54904 (Oshkosh, WI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $368,891 |
| Monthly Rent | $2,200 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (4.7%). 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 54904
Population: 22,428
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 54904
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 701 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Oshkosh, WI?
The typical rental in Oshkosh, WI commands about $2,200/mo monthly. That rent profile predictable cash flow against the $369K purchase basis.
What is the rental occupancy rate in Oshkosh, WI?
Occupancy in Oshkosh, WI runs consistent with elevated vacancy. Well-priced units at $2,200/mo lease on reasonable timelines.
Is real estate in Oshkosh, WI a good investment right now?
Oshkosh, WI rates 3.0/5 for investability. With median values at $369K and rents near $2,200/mo, the market offers reasonable fundamentals for rental investors.
Is Oshkosh, WI good for landlords?
For rental operators, Oshkosh, WI rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the typical renter like in Oshkosh, WI?
Tenant quality in Oshkosh, WI ranks as solid. Landlords generally report reliable occupancy at market rents of $2,200/mo.
You know 54904 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 54904 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 54904 ranks in Oshkosh-Neenah, WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 54904 (Oshkosh)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 54904 (Oshkosh, WI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.