Real Estate Investing in Fond du Lac, Wisconsin (54937)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Fond du Lac County • Population: 21,877 • Data updated: September 2026

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Should you buy in 54937 (Fond du Lac, WI)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (63/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Fond du Lac, WI (54937)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $355,758
Avg Monthly Rent $1,467
1% Rule ✗ Does Not Meet
Median Income $77,639
% Renters 24.2%

Market Analysis: 54937 Fond du Lac

The 54937 ZIP in Fond du Lac, WI is a local-operator market. Outside capital chasing a $356K entry has to pair deep knowledge with the discount.

The 54937 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.

In the broader WI picture, 54937 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.

Meanwhile, 21,877 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 54937 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.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Fond du Lac:

C+ Average
Buy Confidence Score: 66/100
Affordability
10/25
Appreciation
22/25
Stability
13/20
Timing
6/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.6× the median income
Value Trend
Rising (+7.0%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,467/mo if you need to move
Market Conditions
WARM
Seller-favorable conditions, steady activity
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
☀️
WARM MARKET
Fond du Lac, WI Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
6.8%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Fond du Lac, WI metro data
🏠

Property Strategy for 54937

Which property type performs best in this market?

Best for Cash Flow
2BR
4.5% cap rate
Best for Appreciation
3BR
+8.9% 5yr CAGR
Best Overall Value
3BR
$101,121/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $215,176 $1,330 4.5% +8.9% $107,588
3BR $303,363 $1,720 4.1% +8.9% $101,121
4BR $410,520 $1,880 3.3% +8.7% $102,630

Market Trends

Home Value History (with trend line)

$372K$327K$283K$239K$194K$150KNov 2008Sep 2017Jul 2026

Rent History (with trend line)

$1,598$1,570$1,542$1,513$1,485$1,457May 2026Jun 2026Jul 2026

📊 How Does 54937 Compare?

Metric 54937 Fond du Lac Fond du Lac, WI Wisconsin
Home Value $355,758 $241,132 N/A $320,446
5-Year CAGR 6.8% 7.8% N/A 7.3%
Avg Rent $1,467 $1,220 N/A -
Cap Rate 3.2% 3.1% - -
💡 Why Invest in 54937? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 54937 (Fond du Lac, WI). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
3.2%
Low
5yr Growth
+6.8%
Strong

📉 Market Crash Risk Index

Based on Fond du Lac, WI metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings →

📊 Market Snapshot

Home Value $355,758
Monthly Rent $1,467
Price-to-Rent 20.2:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 5.0%
Cap Rate 3.2%
5-Year IRR 10.0%

📈 Home Appreciation

1-Year +7.0% ▲
3-Year CAGR +6.0% ▲
5-Year CAGR +6.8% ▲
10-Year CAGR +7.1% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.2%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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.

Vacancy
6.3%
Low risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+6.8%
Growing
Eviction process: Fast Rent control: Favorable

Demographics in 54937

Population: 21,877

💰 Median Household Income
$77,639
This area
$77,639
State
$73,177
USA
$74,580
🏠 Renter Occupied
24.2%
This area
24.2%
State
22.0%
USA
34.0%
💼 Unemployment Rate
2.3%
This area
2.3%
State
-1.8%
USA
3.7%
🎓 College Educated
24.5%
This area
24.5%
State
17.1%
USA
33.7%
👤 Median Age
45.8 years
This area
45.8 years
State
35.3 years
USA
38.9 years
🏚️ Vacancy Rate
6.3%
This area
6.3%
State
17.1%
USA
10.5%
👥 Population by Ethnicity
White 90.6%
Other/Mixed 7.4%
Hispanic/Latino 5.7%
Black/African American 1.1%
Asian 1.0%
👶 Under 18
18.2%
This area
18.2%
USA
22.0%
👴 65 and Over
20.8%
This area
20.8%
USA
17.3%
📊 Poverty Rate
4.7%
This area
4.7%
USA
11.5%

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 54937

B Avg School Grade
6 Schools
26.3:1 Avg Class Size
$16,147 Avg Per Pupil

Schools in This ZIP Code

A Very Good

Bessie Allen Middle

📚 06 – 08 Middle
👥
323 Students
👨‍🏫
14.9:1 Class Size
💰
$16,147 Per Student
A Very Good

Friendship Learning Elementary

📚 K – 05 Elementary
👥
628 Students
👨‍🏫
14.2:1 Class Size
💰
$16,147 Per Student
A Very Good

Horace Mann High

📚 09 – 12 High School
👥
445 Students
👨‍🏫
14.2:1 Class Size
💰
$16,147 Per Student
B Good

Treffert Way for the Exceptional Mind

📚 K – 08 School Charter
👥
59 Students
👨‍🏫
14.8:1 Class Size
💰
$16,147 Per Student
C+ Average

Exploration Charter High School

📚 09 – 10 High School Charter
👥
15 Students
👨‍🏫
15.0:1 Class Size
💰
$16,147 Per Student
C Below Average

Early Learning Center

📚 Grade PK Elementary
👥
85 Students
👨‍🏫
85.0:1 Class Size
💰
$16,147 Per Student

Nearby Schools (5 more)

Schools in adjacent ZIP codes that may serve this area

A+ Excellent

Woodworth Middle

📚 06 – 08 Middle
📍 101 Morningside Dr, Fond du Lac
👥
377 Students
👨‍🏫
12.0:1 Class Size
💰
$19,911 Per Student
A+ Excellent

Chegwin Elementary

📚 Pre-K – 05 Elementary
📍 109 E Merrill Ave, Fond du Lac
👥
285 Students
👨‍🏫
11.8:1 Class Size
💰
$19,911 Per Student
A+ Excellent

Evans Elementary

📚 Pre-K – 05 Elementary
📍 140 S Peters Ave, Fond du Lac
👥
282 Students
👨‍🏫
11.6:1 Class Size
💰
$19,911 Per Student
A+ Excellent

Parkside Elementary

📚 Pre-K – 05 Elementary
📍 475 W Arndt St, Fond du Lac
👥
289 Students
👨‍🏫
10.9:1 Class Size
💰
$19,911 Per Student
A+ Excellent

Riverside Elementary

📚 Pre-K – 05 Elementary
📍 396 Linden St, Fond du Lac
👥
282 Students
👨‍🏫
10.4:1 Class Size
💰
$19,911 Per Student
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

2 Nearby 1,539 Off-Campus Students
C
Marian University
1,319 students · 1.4 mi
C+
Moraine Park Technical College
3,532 students · 1.9 mi

Investor Insight: With 1,539 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

What is the median home value in Fond du Lac, WI?

Expect median prices around $356K in Fond du Lac, WI. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.

How do experienced investors play Fond du Lac, WI?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Fond du Lac, WI. The numbers - $356K homes against $1,467/mo rents - support that play.

Do rentals sit vacant long in Fond du Lac, WI?

Expect elevated vacancy in Fond du Lac, WI. Rents at $1,467/mo are absorbed by the tenant base without meaningful lag.

Does house hacking make sense in Fond du Lac, WI?

House hacking in Fond du Lac, WI is reasonable to execute. Prices around $356K and rents of $1,467/mo solid owner-occupant economics.

Is Fond du Lac, WI a friendly market for rental owners?

Fond du Lac, WI falls under WI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

You know 54937 now. You don’t know where it ranks.

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How 54937 ranks in Fond du Lac, WI

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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