Real Estate Investing in Pine River, Wisconsin (54965)

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

Waushara County • Population: 1,253 • Data updated: September 2026

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Should you buy in 54965 (Pine River, WI)? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (52/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 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
1 flag
  • High vacancy: 15.1% 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 Pine River, WI (54965)?

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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 $304,737
Avg Monthly Rent $1,035
1% Rule ✗ Does Not Meet
Median Income $66,667
% Renters 4.3%

Market Analysis: 54965 Pine River

Not every below-median market is a bargain. Pine River's 54965 ZIP clocks in at signals that favor experienced operators who can absorb the risk $305K pricing implies.

If the plan assumes clean turnover, on-time rent, and low maintenance on a $305K asset, 54965 is the wrong submarket. If the plan prices in friction, the yield can still work.

Statewide comparisons place 54965 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 54965 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.

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 Pine River:

C+ Average
Buy Confidence Score: 62/100
Affordability
10/25
Appreciation
22/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.6× the median income
Value Trend
Rising (+9.1%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,035/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.

Market Trends

Home Value History (with trend line)

$318K$282K$247K$212K$177K$141KFeb 2016May 2021Jul 2026

📊 How Does 54965 Compare?

Metric 54965 Pine River Wisconsin
Home Value $304,737 $304,737 $320,446
5-Year CAGR 5.7% 5.7% 7.3%
Avg Rent $1,035 $1,035 -
Cap Rate 2.7% 2.7% -
💡 Why Invest in 54965? Click to expand

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

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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 54965 (Pine River, WI). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.7%
Low
5yr Growth
+5.7%
Moderate

📊 Market Snapshot

Home Value $304,737
Monthly Rent $1,035
Price-to-Rent 24.5:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.1%
Cap Rate 2.7%
5-Year IRR 8.4%

📈 Home Appreciation

1-Year +9.1% ▲
3-Year CAGR +5.0% ▲
5-Year CAGR +5.7% ▲
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: 2.7%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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.

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⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
15.1%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+5.7%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 54965

Population: 1,253

💰 Median Household Income
$66,667
This area
$66,667
State
$73,177
USA
$74,580
🏠 Renter Occupied
4.3%
This area
4.3%
State
22.0%
USA
34.0%
💼 Unemployment Rate
1.6%
This area
1.6%
State
-1.8%
USA
3.7%
🎓 College Educated
18.4%
This area
18.4%
State
17.1%
USA
33.7%
👤 Median Age
53.3 years
This area
53.3 years
State
35.3 years
USA
38.9 years
🏚️ Vacancy Rate
15.1%
This area
15.1%
State
17.1%
USA
10.5%
👥 Population by Ethnicity
White 96.5%
Other/Mixed 2.6%
Hispanic/Latino 1.2%
Asian 0.5%
Black/African American 0.3%
👶 Under 18
17.0%
This area
17.0%
USA
22.0%
👴 65 and Over
25.3%
This area
25.3%
USA
17.3%
📊 Poverty Rate
16.7%
This area
16.7%
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

Frequently Asked Questions

What is the average home sale price in Pine River, WI?

Pine River, WI home values average about $305K. That price point suits investors targeting rentals with $1,035/mo in monthly income.

What is the smart move for investors in Pine River, WI?

A careful cash-flow rentals with hands-on management strategy Pine River, WI best. The market produces stable results for that approach at the $305K price point.

Is Pine River, WI good for landlords?

Pine River, WI operates under WI law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.

What is the typical vacancy rate in Pine River, WI?

Rental vacancy in Pine River, WI is elevated. Investors should budget normal turnover but not chronic empty units.

Can I live-in-and-rent in Pine River, WI?

Pine River, WI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $305K price point reasonable to enter.

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