Location: Milwaukee-Waukesha, WI | Metro: Milwaukee-Waukesha, WI MSA
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 53080, located in Saukville, WI, stands out within Ozaukee County due to its unique demographic and economic profile. With a population of 5,059 residents, Saukville has a rental rate of 39.8%, slightly above the national average. The median income here is $80,360, which is relatively strong, supporting a median home value of $387,576.
The economics of Section 8 vouchers in Saukville present a compelling opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for ZIP 53080 in fiscal year 2024 is set at $1,000, significantly lower than the market rent, which is estimated at $1,707 according to the ZORI index. This disparity means that landlords can potentially receive a higher subsidy payment from the government compared to what they might charge tenants without vouchers, making it a lucrative option for those looking to stabilize their rental income.
The data signature for ZIP 53080 indicates a stable environment. The relatively high median income supports a robust housing market, and the substantial difference between the FMR and market rent suggests a favorable position for landlords who accept Section 8 vouchers. However, the significant portion of renters also points to a transitional aspect, as changes in local economic conditions could affect the demand for rental properties. For now, the numbers suggest that Saukville offers a balanced mix of stability and potential growth for real estate investments, especially those involving Section 8 vouchers.
Data Sources: FMR data from HUD (2027). 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.