Location: Dodge County, WI | Metro: Dodge County, WI
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 | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,350 | $335,196 | 0.4% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 53039 in the metro area for fiscal year 2026 is set at $990. In contrast, the market rent is estimated at $858, indicating a positive spread of $132. This means that properties rented through the Section 8 program in ZIP 53039 will generate higher rental income compared to the market rate, which is beneficial for cash flow.
The median home value in this ZIP code is $332,189. While this figure is significant, it is important to note that the primary focus for a cash-flow anchor should be on the rental income rather than the property value. The FMR being above the market rent ensures that landlords receive a stable and predictable income stream, which is crucial for managing a portfolio.
ZIP 53039 does not present strong opportunities for appreciation or quick turnover, as evidenced by the lack of specific data on price-cut shares and days on market (DOM). Therefore, it is not suitable as an appreciation play where rapid price increases and short sales cycles are expected.
However, the ZIP code does offer some diversification benefits. With a renter share of 22.3%, there is a notable segment of the population that relies on rental housing, including those who might benefit from the Section 8 program. Additionally, the median income of $79,103 suggests that the majority of residents have sufficient financial stability to support rental demand.
In summary, ZIP 53039 is best suited as a cash-flow anchor within a Section 8 portfolio due to the favorable spread between the FMR and market rent, ensuring steady and reliable income for landlords. This makes it a solid choice for those looking to maintain consistent cash flows in their investment strategies.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.