Location: Sheboygan, 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $380,961 | 0.39% | F |
U.S. Census Bureau data (2024)
ZIP code 53075, located within the Sheboygan, WI MSA metro area, serves as an ideal cash-flow anchor for a Section 8 portfolio strategy. The Federal Market Rent (FMR) for FY 2024 is set at $990, which exceeds the current market rent of $939. This $51 difference ensures that landlords can rely on a steady stream of income guaranteed by the government, making this ZIP code particularly attractive for those seeking consistent cash flow.
The median home value in ZIP 53075 stands at $355,017. Given the strong alignment between FMR and market rent, landlords can secure properties knowing they will be able to cover mortgage payments and maintenance costs through Section 8 vouchers. This stability is crucial for long-term investment planning and portfolio management.
While appreciation plays and diversifiers have their merits, ZIP 53075 lacks significant indicators for these strategies. There is no notable percentage increase in property values expected, and the price-cut share and days on market (DOM) are not provided, suggesting limited potential for rapid appreciation. Similarly, though the renter share is 21.4% and median income is $93,750, these factors alone do not justify positioning this ZIP code primarily as a diversifier in a Section 8 portfolio.
Conclusion: For a Section 8 portfolio, ZIP 53075 should be considered a cash-flow anchor due to the positive spread between FMR and market rent, ensuring reliable income for landlords.
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.