Location: Kenosha, WI | Metro: Kenosha, 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 | $1,310 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,250 |
| 4 Bedrooms | $2,570 |
| 5 Bedrooms | $2,981 |
| 6 Bedrooms | $3,339 |
| 7 Bedrooms | $3,606 |
| 8 Bedrooms | $3,786 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,660 | $351,593 | 0.47% | F |
| 3BR | $2,250 | $457,714 | 0.49% | F |
| 4BR | $2,570 | $588,020 | 0.44% | F |
| 5BR | $2,981 | $681,361 | 0.44% | F |
U.S. Census Bureau data (2024)
ZIP code 53104, located in Bristol, WI, falls within the Kenosha, WI Metropolitan Statistical Area (MSA). Comparatively, the Fair Market Rent (FMR) for ZIP 53104 in fiscal year 2024 is set at $1,600. This figure is higher than the average market rent of $1,402 for the area, indicating that rental properties here are priced above the local average.
The median home value in ZIP 53104 stands at $440,207. This is significantly higher than the typical home values found in other ZIP codes within the Kenosha MSA, suggesting that it is a premium sub-market. The premium nature of the housing stock is reflected in both the higher FMR and the elevated home values.
The renter share for ZIP 53104 is 12.2%, which is lower than what might be expected in a typical Kenosha MSA ZIP code. Given the higher FMR and home values, this suggests that while there is a notable presence of renters, the majority of residents are homeowners. This combination of factors indicates that ZIP 53104 is not a sweet spot for Section 8 investments; rather, it leans towards being a premium sub-market where property values and rents are above the regional average.
However, the divergence between the high FMR and the slightly lower market rent is worth noting. This gap can signal an opportunity for landlords who are willing to invest in improving their properties to meet or exceed the FMR standards, potentially attracting tenants who qualify for Section 8 vouchers but prefer better quality accommodations. Therefore, while not a value pocket, ZIP 53104 presents opportunities for those looking to capitalize on the higher-end rental market within the Kenosha MSA.
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.