Location: Milwaukee-Waukesha, WI | Metro: Milwaukee-Waukesha, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
ZIP 53129, located in Greendale, WI, within the Milwaukee-Waukesha, WI MSA metro area, serves as a solid cash-flow anchor for a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the fiscal year 2024 is set at $1220 for a one-bedroom unit, which is significantly lower than the market rent of $2,150. This creates a spread of $930 per month, allowing landlords to secure steady rental income that exceeds the FMR.
The median home value in ZIP 53129 stands at $382,460, which is higher than many areas within the Milwaukee-Waukesha metro. However, the key factor for a cash-flow anchor is the disparity between the FMR and market rent, which is substantial here. Landlords can expect to receive a guaranteed monthly payment from the government under the Section 8 program, ensuring a reliable source of income even if the property's market value fluctuates.
The renter share in this ZIP code is 32.8%, indicating a moderate level of demand for rental properties. With a median income of $95,012, tenants in ZIP 53129 are likely to have stable financial situations, reducing the risk of default on rental payments. While there isn't a specific percentage for price-cut share or days on market (DOM), the existing data points towards a healthy balance between rental income and property value, making it a strong choice for cash flow-focused investments.
To summarize, ZIP 53129 is best suited as a cash-flow anchor within a Section 8 portfolio strategy due to the significant spread between the FMR and market rent, coupled with the relatively high median home value and stable tenant incomes. This ensures a reliable income stream and reduces the risk associated with market fluctuations.
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.