Location: Dodge County, WI | Metro: Fond du Lac, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 53006 in fiscal year 2024 is set at $1,090. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program, meaning that the maximum amount the government will pay toward rent for a voucher holder living in this area is $1,090 per month. However, this does not dictate the actual rent you can charge your tenants; it's the ceiling on what the government will subsidize.
In comparison, the average rent in ZIP 53006, according to recent Census American Community Survey (ACS) data, is $1,164. This indicates that the FMR is slightly below the market rate, which could affect your decision to participate in Section 8. Landlords should consider whether the difference between the FMR and the local average rent is enough to offset any potential administrative burdens associated with the program.
The demand for rentals in this area is significant, with 17.3% of residents being renters. This suggests a steady pool of potential tenants who might benefit from the Section 8 program. However, it's important to note that this percentage alone doesn't guarantee a high volume of applications. The success of your property will depend on its location, condition, and amenities.
If you're considering purchasing a rental property in this area, the median home value stands at $361,571. This figure represents a typical acquisition cost for a home in ZIP 53006, but remember that individual properties can vary widely based on size, age, and condition. Before making a final decision, verify that the property you're interested in meets the minimum standards required by the Section 8 program. These standards ensure that the housing is safe, decent, and sanitary, which is crucial for maintaining eligibility and avoiding potential issues with the Housing Authority.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.