Location: Sheboygan, WI | Metro: Fond du Lac, WI MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,710 | $366,578 | 0.47% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 53011 reveals a market that falls between high-yield/low-stability and steady-cashflow zones, offering a balanced approach to investment.
On the yield axis, the Federal Market Rent (FMR) for ZIP 53011 in fiscal year 2024 is set at $990, which is notably lower than the market rent of $1,159. This indicates a potential for higher-than-average rental yields when compared to the property values. With an average home value of $362,661, the gap between FMR and market rent suggests opportunities for landlords to generate above-average returns by charging closer to market rates.
Moving to the stability axis, ZIP 53011 presents a mixed picture. The percentage of renters stands at 13.4%, which is relatively low. This implies that there might be less demand for rental properties compared to areas with higher percentages of renters, potentially affecting occupancy rates and increasing the risk of vacancy. However, the median household income of $90,833 is substantial, indicating that residents have the financial capability to pay rent, thus enhancing the overall stability of rental income.
The lack of data on days on market (DOM) makes it challenging to assess how quickly rental properties can be leased. In a high-stability market, shorter DOM periods would suggest a robust demand for rentals, whereas longer periods could indicate a less stable market where finding tenants is harder.
To summarize, ZIP 53011 offers a moderate yield opportunity due to the disparity between FMR and market rents, while its stability is bolstered by high median incomes but tempered by a low percentage of renters. This combination makes it a viable option for investors seeking a balance between yield and stability, though careful consideration of local market dynamics is advised.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.