Location: Milwaukee-Waukesha, WI | Metro: Milwaukee-Waukesha, 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 | $930 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $318,778 | 0.38% | F |
| 3BR | $1,490 | $380,790 | 0.39% | F |
| 4BR | $1,610 | $481,404 | 0.33% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 53074, Port Washington, WI, reveals that the HUD Fair Market Rent (FMR) for the area is set at $1,150 for fiscal year 2024. This figure contrasts with the actual market rent, which stands at $1,011 according to the latest Census ACS data. Given these numbers, voucher tenants in this region would typically cashflow positively at the HUD FMR rate, indicating a strong financial advantage for landlords who accept Section 8 vouchers.
To further contextualize the investment potential, the median home value in ZIP 53074 is $380,499. Using this data point, we can calculate the rent-to-price ratio. With a monthly rent of $1,011, the annualized rent is approximately $12,132, resulting in a rent-to-price ratio of about 3.2%. This ratio suggests that rental income is relatively low compared to the property values, which might be less favorable for those looking to invest solely based on rental yield.
The dynamics between renting and buying are also noteworthy. The area does not have a typical median days on market (DOM) or a standard percentage of homes that experience price cuts, as these metrics are listed as N/A and 0.2%, respectively. These figures imply a stable housing market where properties sell quickly without significant price adjustments, adding another layer of security for both renters and buyers.
In conclusion, the strongest angle for Section 8 investors in ZIP 53074 is cashflow. Landlords who accept vouchers can expect to see positive cashflow given the gap between the HUD FMR and the actual market rent, making it an attractive option for those prioritizing steady income over other investment factors.
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.