Section 8 Fair Market Rent (FMR) for ZIP 53099 - 2027
Location: Dodge County, WI | Metro: Dodge County, WI
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $890 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if a landlord should invest in ZIP code 53099 for Section 8 properties, follow this decision tree based on the Fair Market Rent (FMR) of $1,350 for the metro area in fiscal year 2026:
- Does FMR of $1,350 cover the debt service on a property?
- If YES, proceed to the next question.
- If NO, do not buy here for Section 8 as the rental income will not be sufficient to meet financial obligations.
- Is the market rent above, at, or below FMR?
- If above FMR, the market is strong and may offer opportunities beyond Section 8. However, consider if you are willing to accept lower rents from Section 8 tenants.
- If at FMR, the market rent aligns with the FMR, making Section 8 a viable option for those looking to fill vacancies without additional financial strain.
- If below FMR, the market is weak compared to the FMR, which could indicate difficulty in attracting non-Section 8 tenants. Section 8 becomes a more attractive option for maintaining occupancy.
- Are 0.0% renters and N/A-day Days on Market (DOM) indicative of sufficient demand?
- If the DOM is low, this suggests that properties are being rented quickly, indicating high demand. However, the percentage of renters being 0.0% is concerning and requires further investigation into the local housing market dynamics.
- If the DOM is high, this indicates a lack of demand, even if the FMR covers debt service and aligns with market rents. High DOM suggests difficulties in finding tenants, which would make it challenging to maintain a Section 8 property.
The final decision to buy in ZIP 53099 for Section 8 will depend on whether the FMR can cover the debt service, the alignment between market rent and FMR, and the overall demand for rentals as indicated by the DOM. Given the provided data, there is insufficient evidence to recommend an investment without knowing the exact market rent and the number of days on market. Landlords must also consider the percentage of renters, which is currently listed as 0.0%, suggesting a need for deeper analysis into the local rental market conditions.
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.