What is the rental yield in Prairie Grass Preserve, Franklin, Wisconsin?

Prairie Grass Preserve, Franklin, Wisconsin has a gross yield of 5.1. Pricing is in line with Franklin and in line with Wisconsin, while the Red Flag score is 52. Walkability is 42 and education is in the 95th percentile.

How has pricing changed in Prairie Grass Preserve, Franklin, Wisconsin over the past year?

Pricing in Prairie Grass Preserve, Franklin, Wisconsin fell 5.0% over the past year. The neighborhood is priced in line with Franklin and in line with Wisconsin, with a gross yield of 5.1 and a Red Flag score of 52.

How does Prairie Grass Preserve compare with Franklin and Wisconsin?

Prairie Grass Preserve, Franklin, Wisconsin is priced in line with Franklin and in line with Wisconsin. It has a gross yield of 5.1, a Red Flag score of 52, walkability of 42, and education in the 95th percentile.

Neighborhood

Prairie Grass Preserve

Franklin, Wisconsin US

Prairie Grass Preserve, Franklin, Wisconsin has a balanced investment profile, with pricing in line with Franklin and in line with Wisconsin, a gross yield of 5.1, and a Red Flag score of 52. Prices fell 5.0% over the past year, which offsets the relatively stronger income figure. Walkability is 42 and education is in the 95th percentile, combining lower access with strong school-district test-score performance.

AI Summary•Updated May 2026

Area

26.49 mi²

ZIP Code

53132

County

Milwaukee County

State

Wisconsin

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$449,866

YoY-5.0%

Gross Rental Yield

5.1%

Listed rent · ZORI annualized

Red Flag Index

Moderate

52 / 100

Walkability Score

Car-Dependent

OpenStreetMap POI density · national percentile

Education Score

95 / 100

Excellent · better than 95% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Prairie Grass Preserve Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Prairie Grass Preserve, Franklin.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$449,866	-5.0%
Price / Sq Ft (Verified)	$214/sqft	-2.1%
Asking Rent (Median)	$1,905/mo	—
Gross Rental Yield	5.1%	—
Liquidity Score	32 / 100	Low
Homes Sold (Period)	96	-23.2%

Is Prairie Grass Preserve Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Wisconsin crime context.

Red Flag Breakdown

52 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Heat100Very High

Tornado80Very High

Wildfire60High

Strong Wind60High

Hail60High

Flood40Moderate

Earthquake40Moderate

Hurricane20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Wisconsin averaged 14.3 crimes and 2.8 violent per 1,000 residents (-6.2% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Above-average gross rental yield at 5.1%

Active transaction volume — 96 homes sold last period

Heat risk is Very High (100/100)

Tornado risk is Very High (80/100)

Insights are generated from Prairie Grass Preserve's live DistrictScore metrics.

Prairie Grass Preserve Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Wisconsin-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.4 µg/m³ Meets EPA, above WHO guideline-16.0% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Prairie Grass Preserve centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 65% of U.S. neighborhoods.

Wisconsin Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	14.3	2.8	-6.2%
2023	15.4	3.0	-7.6%
2022	16.7	3.0	-10.0%
2021	18.6	3.3	+3.8%
2020	18.1	3.2	+2.3%
2019	17.7	3.0	—

Reported at the state level — the finest official US crime aggregation; Prairie Grass Preserve inherits the Wisconsin figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Prairie Grass Preserve

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Superfund (NPL)3.1 kmModerate

Industrial odor6 nearbyVery High

Point-source screening near Prairie Grass Preserve: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Prairie Grass Preserve

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

42

Car-Dependent

Walkability Score

7

Grocery

16

Dining

9

Schools

0

Universities

3

Hospitals

1

Pharmacies

18

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Prairie Grass Preserve's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Prairie Grass Preserve vs Franklin vs Wisconsin

How Prairie Grass Preserve benchmarks against its city and state medians.

Benchmark vs City & State

Across Prairie Grass Preserve, the median sale price sits in line with the median for Franklin neighborhoods and in line with the statewide median. Gross rental yield is 5.1%, against 5.1% for Franklin neighborhoods and 4.8% statewide. Over the past 12 months, prices fell 5.0%. Transaction liquidity sits in line with the median for Franklin neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Prairie Grass Preserve	$214/sqft	5.1%	32
Franklin	$214/sqft	5.1%	32
Wisconsin	$213/sqft	4.8%	29

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Buying Property in the US as a Foreigner

Federal & Wisconsin tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.19% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 7.65%; rental income is taxed at these rates.

State Capital Gains

Capital gains taxed as income, with a 30% exclusion for long-term gains.

Transfer Tax

Real estate transfer tax: $3 per $1,000.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Wisconsin property-tax guidance for foreign buyers

Latest Franklin Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Prairie Grass Preserve Real Estate FAQ

Prairie Grass Preserve, Franklin, Wisconsin has a balanced profile. Pricing is in line with Franklin and in line with Wisconsin, gross yield is 5.1, and prices fell 5.0% over the past year. The Red Flag score is 52, which is midrange relative to higher-scoring neighborhoods.

Neighborhoods near Prairie Grass Preserve

Compare Prairie Grass Preserve with nearby neighborhoods in Franklin.

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