Section 8 Fair Market Rent (FMR) for ZIP 53167 - 2027

Location: Racine-Mount Pleasant, WI | Metro: Racine-Mount Pleasant, WI MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$970
1 Bedroom	$1,060
2 Bedrooms	$1,340
3 Bedrooms	$1,710
4 Bedrooms	$2,080
5 Bedrooms	$2,413
6 Bedrooms	$2,703
7 Bedrooms	$2,919
8 Bedrooms	$3,065

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

157

Median Household Income

$70,054

Housing Units

151

Renter Percentage

25.8%

Occupancy Rate

61.6%

Renter Occupied

To determine if you should invest in ZIP 53167 for Section 8 properties, follow these steps:

Step 1: Evaluate if the Fair Market Rent (FMR) of $1060 can cover your debt service on a property. If the answer is yes, proceed to Step 2. If no, do not purchase in this area as the rental income will not be sufficient to meet financial obligations.

Step 2: Determine where the market rent stands in relation to the FMR. If the market rent is above $1060, then it indicates a potential for higher returns beyond Section 8 limits, which can be beneficial. If it is exactly $1060, you will be meeting the FMR but not exceeding it, making it purely a Section 8 investment. If the market rent is below $1060, the property may struggle to attract tenants outside of the Section 8 program due to the lower rent ceiling.

Step 3: Assess the demand for rentals. With 25.8% of residents being renters and an unknown number of days on the market (DOM), evaluate if there is enough demand to support a Section 8 property. If the DOM is low, it suggests strong demand, making ZIP 53167 a good investment. If DOM is high, it indicates weaker demand, and you should consider other areas.

The decision tree branches out as follows:

If FMR of $1060 clears debt service and market rent is above FMR, YES, invest in ZIP 53167.
If FMR of $1060 clears debt service and market rent is at FMR, it depends on the DOM. Low DOM means YES; high DOM means NO.
If FMR of $1060 does not clear debt service, NO, do not invest in ZIP 53167.
If market rent is below FMR, regardless of the DOM, NO, as the property will likely not be profitable without non-Section 8 tenants.

Note: The analysis is limited by the availability of specific data points such as the average market rent and the exact number of days on the market. These factors are critical in making a final decision.

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.