Section 8 Fair Market Rent (FMR) for ZIP 53057 - 2027

Location: Fond du Lac, WI | Metro: Fond du Lac, WI MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$730
1 Bedroom	$860
2 Bedrooms	$1,060
3 Bedrooms	$1,370
4 Bedrooms	$1,500
5 Bedrooms	$1,740
6 Bedrooms	$1,949
7 Bedrooms	$2,105
8 Bedrooms	$2,210

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,882

Median Household Income

$105,909

Housing Units

765

Renter Percentage

3.7%

Occupancy Rate

96.5%

Renter Occupied

The ZIP code 53057, located in Wauwatosa, Wisconsin, offers a unique blend of suburban charm and urban convenience. Situated just north of Milwaukee, it provides easy access to the city's amenities while maintaining a quieter residential atmosphere. This area is particularly interesting for real estate investors looking into the Section 8 program due to its mix of affordable and higher-end housing options.

Fair Market Rent (FMR) for ZIP 53057 in fiscal year 2024 is set at $910. This figure represents the maximum amount that a Section 8 tenant can pay for rent and utilities combined, ensuring a steady stream of income for landlords who qualify their properties under this program.
The market rent, according to Census ACS data, stands at $682. This indicates that there is potential for landlords to receive higher rental payments through the Section 8 program compared to the general market rent, making it a favorable option for those seeking stable tenancy and income.
The median home value in the area is $336,305. This suggests a relatively balanced market where both middle-class families and upper-middle-class individuals can afford to live, creating a diverse tenant pool for landlords.
Renters make up only 3.7% of the total population. This low percentage implies that homeownership is prevalent in the area, which could mean fewer rental units available and thus higher demand for the existing ones.
The median income in ZIP 53057 is $105,909. This high median income level indicates that tenants in this area are likely to have good financial stability, reducing the risk of non-payment or delinquency on rent.

The combination of a moderate median home value, a low percentage of renters, and a high median income makes ZIP 53057 attractive for small-portfolio investors looking to diversify their holdings with Section 8 properties. The discrepancy between the Fair Market Rent and the market rent also presents an opportunity for landlords to potentially earn above-market rates while still offering affordable housing options. However, the limited number of rental units might pose a challenge in finding properties to lease, necessitating careful selection and possibly renovation to meet Section 8 standards.

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.