Location: Walworth County, WI | Metro: Walworth County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
The ZIP code 53148 in Unknown, WI, presents a unique challenge for analysis due to the lack of specific population and rental data. However, based on the available information, it's clear that the area operates under certain economic conditions that impact the housing market.
With a median household income that is not specified, it's difficult to provide precise figures regarding the percentage of income spent on rent. Nonetheless, the Fair Market Rent (FMR) for the area is set at $1,210 for fiscal year 2026, which is reflective of the metro area standards. This figure serves as a benchmark for understanding the cost of renting in the area relative to other metrics.
The scarcity of data on the percentage of renters suggests that this ZIP code may lean towards a homeowner-dominated area. In such areas, the availability of Section 8 vouchers can be lower compared to renter-heavy zones. The absence of detailed renter demographics means that landlords must rely on broader regional trends to gauge the potential for Section 8 tenants.
Despite the incomplete data, landlords in ZIP 53148 should anticipate a tenant pool that is sensitive to rent costs. Given the FMR of $1,210, typical market rents are expected to be close to or below this amount to remain competitive and accessible to low-income families who might rely on housing vouchers.
A landlord here should expect tenants who require assistance through the Section 8 program, indicating a need for properties priced at or below the FMR. These tenants will likely have their rent subsidized, making it essential for landlords to understand the intricacies of the voucher system to ensure compliance and timely payments. While the exact proportion of voucher usage isn't provided, the economic context implies that there could be significant demand for affordable housing options.
To conclude, while the specific details of the rental market in ZIP 53148 are lacking, the overall picture suggests a scenario where landlords would benefit from offering properties within the affordability range supported by the Section 8 program. The focus should be on maintaining properties that meet the quality and safety standards required by the program, ensuring that they are attractive to tenants seeking subsidized housing.
Data Sources: FMR data from HUD (2027).
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.