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 | $1,470 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,890 |
| 3 Bedrooms | $2,320 |
| 4 Bedrooms | $2,490 |
| 5 Bedrooms | $2,888 |
| 6 Bedrooms | $3,235 |
| 7 Bedrooms | $3,494 |
| 8 Bedrooms | $3,669 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,890 | $360,562 | 0.52% | F |
| 3BR | $2,320 | $520,553 | 0.45% | F |
| 4BR | $2,490 | $753,329 | 0.33% | F |
| 5BR | $2,888 | $1,093,855 | 0.26% | F |
U.S. Census Bureau data (2024)
The potential pitfalls of investing in Section 8 properties in ZIP code 53092 in Mequon, WI, are significant and must be carefully considered. Tenant turnover is a critical issue, with the market rent sitting at $2,650 compared to the Federal Market Rent (FMR) of $1,700 for FY 2024. This disparity suggests that landlords may struggle to attract tenants willing to pay the higher market rent, leading to increased turnover and associated costs.
Vacancy exposure is another concern, as the days on market (DOM) for rental listings is currently unavailable. This lack of data makes it challenging to predict how long a property might remain vacant between tenants. Additionally, the typical home value in the area stands at $591,997, while the median household income is $128,156. This indicates a potential gap between the financial resources available to residents and the maintenance requirements of such valuable properties, potentially exposing landlords to deferred maintenance issues.
However, these risks must be weighed against the high density of renters in the area, with 19.5% of residents classified as renters. High renter density typically translates into higher demand for housing vouchers, which can stabilize occupancy rates and provide a steady stream of tenants. The combination of these factors presents a mixed picture for potential Section 8 landlords.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP 53092 is moderate.
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.