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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $253,958 | 0.48% | F |
| 3BR | $1,490 | $302,155 | 0.49% | F |
| 4BR | $1,610 | $309,880 | 0.52% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 53110, located in Cudahy, WI, within the Milwaukee-Waukesha, WI MSA metro area, reveals several key points. The HUD Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1,070. In contrast, the Zillow Observed Rent Index (ZORI) for the same area indicates an average market rent of $1,178. This means that voucher tenants will cashflow marginally, with landlords receiving slightly less than the market rate for their properties.
To derive the rent-to-price ratio, we can use the median home value of $282,658. Given the market rent of $1,178, the annualized rent is approximately $14,136 ($1,178 x 12 months). Thus, the rent-to-price ratio is about 5%, which is calculated by dividing the annual rent by the median home value. This ratio suggests that rental income is relatively low compared to the value of homes in the area, indicating a stronger investment angle in appreciation rather than cash flow.
Regarding the days on market (DOM) and price cut shares, the data shows that there is no available day median DOM and only a 0.1% share of homes experiencing price cuts. These figures imply that the housing market in Cudahy is stable, with few homes needing to be discounted to sell. This stability supports the idea that investments in this area will have consistent returns and minimal risk of property devaluation.
The strongest investor angle in ZIP 53110 is appreciation. With a stable housing market and a low rent-to-price ratio, investors can expect their property values to increase over time, providing a solid long-term investment strategy.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.