Platteville, WI

Platteville, WI is intentionally unranked, not evidence-free. Zillow supplies current asking-rent and home-value levels, but its trailing-12-month rent change is unavailable. Consequently, this report assigns neither a score nor a rank and does not treat a current rent level as proof of rent momentum. The decision frame is cross-sectional: current rent, value, household-income, labor, supply, migration, mortgage-occupancy, and risk measures describe distinct slices of the market. Their dates and scopes differ, so agreement would be informative and disagreement is itself a due-diligence issue. The practical question is what those observations establish now, and which unresolved links matter before a renter, landlord, or small investor draws a market conclusion.

On 2026-06-30, Zillow’s asking-rent index was $1,208 and its home-value index was $229,966. Zillow reports the value index 6.82% higher than a year earlier, while the supplied gross yield is 6.3% and the price-to-income ratio is 3.44. These are level and value measures: gross yield relates the reported rent and value inputs before operating costs, and price-to-income places the home-value level beside Census ACS income. They do not show lease concessions, renewal outcomes, or realized operating results. Most importantly, the 12-month Zillow rent change is unavailable. A value-side annual change cannot stand in for missing rent history; the coexistence of a higher reported value and a current asking-rent level says nothing numerical about the direction or size of the absent rent change. That gap is why Platteville remains unranked.

Census ACS reports median household income of $66,858. With Zillow’s $1,208 asking-rent level, the supplied rent-to-income ratio is 21.69%; the price-to-income ratio remains 3.44. HUD’s FY2026 two-bedroom Fair Market Rent is $973. The Zillow asking-rent level exceeds that HUD benchmark by $235 and equals 124.2% of it. This is an affordability boundary, not a claim that the measures describe identical homes or actual signed leases: HUD provides a two-bedroom Fair Market Rent benchmark, whereas Zillow provides an asking-rent index. Income, asking rent, and the HUD reference locate present levels, but the packet has no household budget, lease, or unit-level evidence that would convert those levels into an individual affordability finding.

Labor, permitting, and listings add a material tension. BLS LAUS shows metro labor change of -1.08% for the 12 months to 2026-05. The Census Building Permits Survey reports 136 permitted homes in 2026 year-to-date through M06, none in the five-plus category, or 2.63 permits per 1,000 residents. Redfin’s 2026-05-01 reading shows 2.3 months of supply, versus 2.2 previously; median days on market fell to 36 from 71, a 35-day difference. At the same time, Redfin’s price-drop share rose from 17.65% to 27.59%, an increase of 9.94 percentage points, and the sale-to-list ratio was 98.88%. Shorter marketing time and a larger reduction share are mixed listing signals, while permits are not completions or a count of rental units. The sources therefore do not establish whether the permitted pipeline changes rental availability or whether the sales indicators point to a single market condition.

Migration and mortgage evidence likewise describe different channels. IRS county-to-county tax-return migration, aggregated to this market, records 1,069 moves in and 1,152 moves out, for net migration of -83. The inbound AGI is $50,716 and outbound AGI is $56,510, producing the supplied -$5,794 gap. HMDA’s 2024 purchase-mortgage occupancy evidence lists 353 purchases, including 41 investor purchases, an investor share of 11.61%. The IRS figures show observed return migration and associated AGI aggregates; HMDA identifies investor participation within purchase-mortgage evidence. Neither source, as scoped here, identifies the tenure of IRS movers or the full ownership composition of the market. Negative net migration, the AGI gap, and investor share therefore are facts to hold alongside one another, not proof that any group is driving current asking rents, home values, or sale listings.

FEMA’s National Risk Index puts a distinct boundary around the economic readings. Its climate loss ratio is 0.001023, its risk score is 61.1, and its top listed hazard is inland flood, categorized as water. FEMA supplies expected annual loss evidence, not a parcel condition, an insurance quote, or a realized expense history. The available housing-level dollar evidence is Zillow’s rent and home-value indexes and HUD’s Fair Market Rent; none is an operating-cost schedule. No insurance premium, flood-mitigation expense, property tax, repair cost, vacancy cost, or management cost appears in the supplied record. Accordingly, the stated 6.3% gross yield is a rent-and-value relationship before such costs, not a cost-adjusted return. FEMA risk and the yield can both be relevant to a decision, but the packet does not quantify their connection.

Taken together, the record offers an evidence map rather than a directional verdict. The open due-diligence inquiries concern the coverage and composition of Zillow’s asking-rent index; the relation between that index and actual signed-rent terms; the type, status, and eventual use of Census Building Permits Survey activity; and the relation of FEMA’s inland-flood evidence to local cost records. The IRS migration series and HMDA investor-purchase evidence also need to be read at their stated periods rather than combined as a contemporaneous demand measure. Redfin’s faster marketing time, slightly higher months of supply, and higher price-drop share deserve the same restraint because each is a for-sale listing measure with a stated date. Resolving these links would sharpen a renter’s, landlord’s, or small investor’s decision file, but no supplied fact warrants a forecast, a neighborhood or property conclusion, or a buy, sell, or rent recommendation. With the Zillow 12-month rent change unavailable, Platteville remains unranked and receives no score or rank.