Location: Dodge County, 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 | $810 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $319,147 | 0.47% | F |
| 4BR | $1,660 | $338,061 | 0.49% | F |
U.S. Census Bureau data (2024)
The Section 8 analysis for ZIP code 53065 reveals a significant gap between the Fair Market Rent (FMR) set at $990 for fiscal year 2024 and the actual market rent of $845 as reported by the Census Bureau's American Community Survey (ACS). This discrepancy amounts to a difference of $145, or approximately 17%, favoring the FMR over the market rent.
The higher FMR in comparison to the market rent suggests that landlords and small-portfolio investors can leverage this situation to their advantage. Specifically, by accepting Section 8 tenants, they can charge closer to the FMR rate of $990, which is above the current market rent. This makes the ZIP code a compelling yield play, allowing property owners to achieve higher rental incomes relative to the local market conditions.
In ZIP 53065, only 12.1% of residents are renters, indicating a predominantly owner-occupied area. The median home value stands at $332,267, while the median household income is $99,583. These figures suggest a relatively affluent community where the majority of residents can afford to purchase homes rather than renting. However, for those who do rent, the potential to charge closer to the FMR rate provides an opportunity for increased cash flow.
It is important to note that despite the financial benefits, there are considerations when housing voucher tenants. Landlords must ensure compliance with HUD regulations and undergo periodic inspections to maintain eligibility. Additionally, the administrative process of managing Section 8 properties requires diligence and attention to detail.
Nonetheless, the financial incentive of charging $145 more per month than the typical market rent presents a strong case for landlords in ZIP 53065 to consider accepting Section 8 tenants. This approach can help offset the costs associated with the program and provide a stable source of income, especially in a market where rental demand is lower compared to ownership.
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.