Location: Sheboygan, WI | Metro: Sheboygan, 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 | $910 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,160 | $275,373 | 0.42% | F |
| 3BR | $1,380 | $327,625 | 0.42% | F |
| 4BR | $1,560 | $368,725 | 0.42% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 53070, located in Holland, WI, within the Sheboygan, WI MSA metro area, reveals several key points regarding its viability for Section 8 investments.
The rent math does not work favorably for landlords. The Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $970, which is notably higher than the average market rent reported by the Census ACS at $827. This discrepancy means that landlords relying solely on Section 8 vouchers will have to accept rents below the FMR, potentially leading to financial strain if they cannot find additional sources of income or subsidies.
Acquisition costs in ZIP 53070 are relatively high, with a median home value of $346,702. However, due to limited data on the number of days on market (DOM) and the percentage of homes requiring price cuts, it's challenging to assess the overall affordability of acquiring properties. Landlords should conduct further research into local real estate trends and negotiate effectively to ensure they are getting the best deal possible.
Tenant demand in ZIP 53070 is moderate. With a total population of 4,951, approximately 16.9% of residents are renters. This indicates that while there is a steady pool of potential tenants, it may not be as robust as in larger urban areas. Landlords should consider the local job market and commuting patterns to Holland to gauge the stability of rental demand.
Overall, ZIP 53070 presents a mixed picture for Section 8 investments. While the FMR is generous compared to the market rent, making it attractive for those who can secure vouchers, the high median home values and moderate tenant demand suggest that careful consideration is necessary. Landlords must balance the potential for stable long-term rentals against the upfront costs and the possibility of lower-than-FMR rents.
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.