Location: Sheboygan, WI | Metro: Milwaukee-Waukesha, 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 | $930 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,520 | $364,152 | 0.42% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 53013 presents a dynamic environment for landlords and small-portfolio investors. With the Fair Market Rent (FMR) set at $1080 for fiscal year 2024, there is a clear benchmark for rental pricing. The Census American Community Survey (ACS) indicates a market rent of $1,029, suggesting that the actual rental rates are slightly below the FMR, which could imply that landlords have room to adjust their rents upwards without alienating potential tenants.
The median home value of $381,817 provides insight into the overall economic health and desirability of the area. This figure can be compared against broader regional averages to understand how competitive and attractive 53013 is to homeowners and investors alike. However, the lack of data on price-cut share and days on market (DOM) means we cannot definitively assess whether supply is currently outpacing demand or vice versa. These metrics would typically offer clues regarding the urgency of property sales and the flexibility of sellers in adjusting their prices.
A key factor to consider is the 12.0% renter share. This relatively low percentage suggests that a majority of residents in 53013 own their homes, which might indicate less immediate pressure on rental properties. However, it also implies that over the long term, there could be a growing need for rental units if population trends shift towards renting, either due to demographic changes or economic conditions that make homeownership less feasible for some individuals. Landlords should monitor broader economic indicators and local policy changes that could affect homeownership rates and, consequently, rental demand.
In conclusion, while specific time-series data is unavailable, the snapshot of the ZIP 53013 market reveals a scenario where rental pricing has room for adjustment, and the relatively low renter share points to potential long-term housing pressures. Investors and landlords must remain vigilant to these dynamics and adapt their strategies accordingly to capitalize on the market's movement.
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.