Location: Sheboygan, WI | Metro: Appleton, 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 | $920 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,680 | $303,373 | 0.55% | F |
U.S. Census Bureau data (2024)
16.8% of residents in ZIP 53079 are renters, indicating a moderate demand for rental properties in the area. The Fair Market Rent (FMR) for Section 8 housing in ZIP 53079 for fiscal year 2024 is set at $910, which is notably higher than the average market rent of $795 reported by the Census Bureau's American Community Survey. This suggests that landlords participating in the Section 8 program can expect to receive rents that are above the local average, making it an attractive option for those looking to stabilize their tenant base and ensure consistent income.
The median home value in ZIP 53079 is $335,556, reflecting a relatively stable real estate market. However, the median income of $86,667 might pose challenges for potential homeowners, especially first-time buyers, leading to a continued reliance on rental housing. Given the lack of specific data on days on market (DOM) and the percentage of price-cut shares, it's reasonable to assume that the rental market remains competitive, with landlords needing to offer attractive terms to secure tenants.
Landlords and small-portfolio investors should consider the benefits of Section 8 tenancy, particularly the guaranteed rent and the government's role in covering any shortfall between the contract rent and what the tenant can afford based on their income. Despite the bureaucratic requirements, the financial stability provided by the program can be a significant advantage in areas where the median income does not align well with the cost of living.
Based on the data, the Section 8 program offers a viable solution for landlords in ZIP 53079, ensuring steady rental income above the market rate and minimizing the risk of vacancies.
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.