Location: Jefferson County, 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 | $950 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,830 | $460,418 | 0.4% | F |
U.S. Census Bureau data (2024)
ZIP code 53036, located within the Jefferson County, WI metro, presents a unique profile when compared to typical ZIP codes in the area. The Fair Market Rent (FMR) for ZIP 53036 is set at $1,280 for fiscal year 2024, which exceeds the average market rent of $1,147. This suggests that rental properties in this ZIP code command slightly higher rents than what is considered typical in Jefferson County.
The median home value in ZIP 53036 stands at $464,651, which is indicative of a middle-tier neighborhood in terms of housing costs. This figure aligns closely with the broader county metrics, implying that home values in this ZIP are neither significantly lower nor higher than those in other parts of Jefferson County.
A noteworthy characteristic of ZIP 53036 is its renter share, which is 17.9%. This percentage is somewhat elevated compared to the typical renter share in Jefferson County, suggesting a relatively strong demand for rental units in this area. However, the market rent being below the FMR indicates that landlords might have an opportunity to increase their rental income without drastically increasing the cost to renters.
Inferentially, ZIP 53036 can be classified as a mid-tier neighborhood within the Jefferson County, WI metro. The combination of above-average FMR and a higher-than-typical renter share, juxtaposed with median home values that match the county average, points towards a balanced market where both homeownership and renting are viable options. While there isn't a clear indication of a value pocket due to the home values being in line with the county average, the potential for slightly higher rental income makes it an attractive option for landlords and small-portfolio investors looking for a stable investment environment.
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.