Location: Racine-Mount Pleasant, WI | Metro: Kenosha, 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 | $980 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,350 | $282,282 | 0.48% | F |
| 3BR | $1,730 | $384,280 | 0.45% | F |
| 4BR | $2,090 | $454,338 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 53182, located in Yorkville, WI, stands out within Racine County due to its unique demographic and economic characteristics. With a population of 9,821 residents, it has a relatively high rental rate of 35.0%, indicating a significant portion of the community relies on rented properties. The median household income in this area is $107,068, which is above the national average, suggesting a generally affluent neighborhood. However, the median home value of $398,173 is notably lower than what might be expected in such an income bracket, pointing to a potentially diverse housing market.
Moving to the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 53182 is set at $1,170 for the fiscal year 2024. This figure closely aligns with the Census American Community Survey's reported market rent of $1,179, making it a highly competitive environment for landlords who accept Section 8 vouchers. The slight discrepancy between the FMR and the market rent suggests that landlords can expect to receive rents slightly above the voucher amount, which can help offset any administrative costs associated with participating in the program.
When assessing the overall stability of ZIP 53182, the data points towards a stable community. The median income is robust, and the median home value, while lower than expected, still reflects a solid investment. The high rental rate indicates a consistent demand for rental properties, which is beneficial for landlords and small-portfolio investors. The close alignment of FMR and market rent values further supports the notion that this ZIP code is a reliable location for those interested in the Section 8 program, ensuring steady cash flow and minimal vacancy risks.
In conclusion, ZIP 53182 presents a stable environment for real estate investments, particularly for those considering participation in the Section 8 program. Landlords can anticipate fair compensation through the voucher system, and the strong median income provides assurance of a financially capable tenant base. This ZIP code's characteristics make it a worthwhile consideration for both established and aspiring real estate investors looking for a secure and competitive market.
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.