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 | $940 |
| 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 | $266,985 | 0.45% | F |
| 3BR | $1,490 | $464,898 | 0.32% | F |
| 4BR | $1,610 | $561,876 | 0.29% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 53086 in Slinger, WI, reveals a favorable environment for rental properties. The HUD Fair Market Rent (FMR) for ZIP 53086 in fiscal year 2024 is set at $1170. This figure is notably higher than the market rent of $1078 reported by the Census American Community Survey (ACS).
Voucher tenants will cashflow positively at the HUD FMR. Landlords can expect to generate a monthly surplus of approximately $92 per unit when comparing the HUD FMR to the average market rent. This positive cashflow makes it easier to cover maintenance costs, property taxes, and other expenses associated with rental management.
To further understand the investment potential, consider the median home value in Slinger, which stands at $460,918. Using the HUD FMR, we can calculate a rent-to-price ratio of about 0.25%. This indicates that the cost of renting through the Section 8 program is relatively low compared to the purchase price of homes in the area, suggesting a strong rental market where owning a property can be more financially beneficial than buying.
The dynamics of days on market (DOM) and price cuts do not significantly impact the analysis since the median DOM is not applicable (N/A), and the share of listings that required a price cut is only 0.1%. These figures suggest a stable market with little need for aggressive pricing strategies to attract tenants.
The strongest angle for investors in this market is cashflow. Given the positive difference between the HUD FMR and the local market rent, landlords can secure steady income with minimal risk, making Slinger, WI, an attractive location for Section 8 investments.
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.