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 | $1,160 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,830 | $406,838 | 0.45% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 53130 reveals a market that leans towards providing steady cash flow rather than being a high-yield/low-stability flip-style market. This classification is driven by the following figures:
Yield Analysis: The Fair Market Rent (FMR) for ZIP 53130 in fiscal year 2024 is set at $1,410. This figure is notably higher than the average market rent of $1,295, indicating a positive potential for rental income through Section 8 properties. However, the median home value in the area stands at $402,132, which suggests a relatively high investment cost. Given these numbers, the yield is decent but not exceptionally high due to the substantial upfront investment required.
Stability Analysis: Stability in this context can be gauged by the percentage of renters and the median household income. With 39.1% of residents being renters, there is a significant portion of the population relying on rental housing, which supports consistent demand. The median household income of $87,008 indicates a stable economic environment where tenants are likely to have reliable income sources, reducing the risk of default on rental payments. Unfortunately, the data does not provide the number of days on market (DOM), which would further clarify the stability of property sales.
Based on these metrics, ZIP 53130 offers a balanced approach with decent yields without compromising on stability. Landlords and small-portfolio investors looking for a moderate level of both income and security would find this ZIP code appealing. The slightly higher FMR compared to market rent ensures a solid cash flow, while the significant renter population and robust median income support long-term tenant reliability.
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.