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 | $790 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $305,631 | 0.37% | F |
| 3BR | $1,360 | $376,808 | 0.36% | F |
| 4BR | $1,540 | $448,913 | 0.34% | F |
| 5BR | $1,786 | $516,431 | 0.35% | F |
U.S. Census Bureau data (2024)
The dynamics of the ZIP 53073 market in Plymouth, WI, reveal a balance between supply and demand, with slight indications that demand might be inching ahead. The Fair Market Rent (FMR) for the area stands at $930 for the fiscal year 2024, while the actual market rent, as indicated by Zillow's ZORI, is significantly higher at $1,579. This disparity suggests that the rental market is robust, with landlords able to command premiums over the government-set FMRs.
A price-cut share of only 0.2% further supports the idea that demand is strong relative to supply. Typically, when there is an oversupply of homes, more sellers are willing to lower their asking prices to attract buyers. However, in ZIP 53073, very few sellers are doing so, indicating that homes are selling close to their original asking prices, or possibly even above them. The median home value of $363,377 provides a benchmark for homeownership in the area, reflecting the overall desirability and cost of living.
The 26.1% renter share in ZIP 53073 is noteworthy. This percentage implies that nearly one-quarter of households are renters, which can be indicative of long-term housing pressures. In areas where a significant portion of residents are renters, it often points to a trend where homeownership is less accessible due to factors such as affordability or lifestyle choices. Over time, this can create sustained demand for rental properties, making ZIP 53073 a potentially attractive market for landlords and small-portfolio investors looking to capitalize on steady rental income.
In summary, the market in ZIP 53073 appears to be one where demand is currently meeting supply, but with a tilt towards demand being slightly stronger. Landlords can expect to maintain competitive rents, and the presence of a substantial renter population ensures a consistent pool of tenants, reducing the risk of vacancy and supporting the long-term viability of rental investments in the area.
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.