Section 8 Fair Market Rent (FMR) for ZIP 53143 - 2027

Location: Kenosha, WI | Metro: Kenosha, WI MSA

Investment Score for ZIP 53143

Monthly Rent (2BR)

$1,480

Median Price (2BR)

$234,063

1% Rule

0.63%

Annual Yield

7.59%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,170
1 Bedroom	$1,170
2 Bedrooms	$1,480
3 Bedrooms	$2,010
4 Bedrooms	$2,290
5 Bedrooms	$2,656
6 Bedrooms	$2,975
7 Bedrooms	$3,213
8 Bedrooms	$3,374

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,480	$234,063	0.63%	D
3BR	$2,010	$272,729	0.74%	D
4BR	$2,290	$283,804	0.81%	C
5BR	$2,656	$317,782	0.84%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

20,889

Median Household Income

$68,343

Housing Units

9,069

Renter Percentage

40.9%

Occupancy Rate

91.1%

Renter Occupied

3,374

The ZIP code 53143, located in Kenosha, Wisconsin, is a residential area that offers a mix of housing options for both renters and homeowners. With a diverse population and access to various amenities, it presents a stable market for real estate investment.

The Fair Market Rent (FMR) for ZIP 53143 in fiscal year 2024 is set at $1,390, providing landlords with a benchmark for rental pricing.
The market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $1,367, closely aligning with the FMR and suggesting a competitive rental market.
The median home value in the area is $252,236, which reflects a moderate housing market where property values are accessible for many potential buyers.
Renters make up 40.9% of the housing stock in ZIP 53143, indicating a significant demand for rental properties and a balanced mix between renters and owners.
The median household income in the area is $68,343, providing insight into the financial capabilities of the local residents and their ability to afford housing costs.

In summary, ZIP 53143 offers a stable and moderately priced real estate market for both rental and ownership opportunities. The close alignment between the FMR and market rent suggests strong pricing power for landlords, while the median home value indicates a good entry point for homebuyers. The substantial renter share and median income levels support the viability of rental investments, making this area a solid choice for small-portfolio investors and landlords looking to capitalize on consistent demand and reasonable costs.

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.