Real Estate Investing in Plainfield, Wisconsin (54966)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54966 (Plainfield, 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: 22.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Plainfield, WI (54966)?
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Market Analysis: 54966 Plainfield
On the rental side, ZIP 54966 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $246K median. It rewards specialists, not generalists.
In practical terms, the numbers look inviting — $246K purchase price, 0.0% nominal cap — the work to hit that pro forma in 54966 is substantial and deserves full respect.
Statewide comparisons place 54966 among WI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 54966 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Plainfield:
Market Trends
Home Value History (with trend line)
📊 How Does 54966 Compare?
| Metric | 54966 | Plainfield | Stevens Point, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $245,977 | $245,977 | N/A | $320,446 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54966 (Plainfield, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $245,977 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +12.6% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.8%). 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 54966
Population: 2,155
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 54966
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 strategy should investors use in Plainfield, WI?
Investors usually favor careful cash-flow rentals with hands-on management in Plainfield, WI. With home values at $246K and rents near $873/mo, other strategies can work but produce steady rather than outsized returns.
What price range are homes in Plainfield, WI?
The median home value in Plainfield, WI is roughly $246K. That puts it reasonable relative to the WI statewide average.
How much rent can I charge in Plainfield, WI?
Rents in Plainfield, WI run near $873/mo. Compared with median home prices of $246K that produces solid gross yields for typical rentals.
What is it like being a landlord in Plainfield, WI?
WI ranks as a landlord-friendly state for landlord-tenant law. Plainfield generally follows the statewide framework, so landlords face reasonable operating rules.
How quickly do rentals get leased in Plainfield, WI?
Vacancy risk in Plainfield, WI is elevated. That supports even-keeled cash flow for typical rental holds.
You know 54966 now. You don’t know where it ranks.
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How 54966 ranks in Stevens Point, WI
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