Location: Walworth County, WI | Metro: Walworth County, WI
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 | $810 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,460 | $395,083 | 0.37% | F |
U.S. Census Bureau data (2024)
The ZIP code 53184 presents an interesting balance between yield and stability, making it a viable option for both high-yield seekers and those looking for steady cash flow.
On the yield axis, the potential for rental income is significant. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,140, while the market rate stands at $974. This indicates that landlords can expect to charge a premium over the market rate if they align their rental offerings with the FMR standards. Given the median home value of $399,012, the rental income potential is substantial, suggesting a relatively high-yield environment.
Regarding stability, the ZIP code shows a mixed profile. With 40.0% of residents being renters, there is a notable demand for rental properties, which can provide consistent cash flow. However, the lack of data on the average days on market (DOM) suggests some uncertainty in how quickly properties can be leased, which could impact the overall stability of the rental market. On a positive note, the median household income of $84,413 indicates that tenants likely have the financial means to sustain rent payments, contributing to the stability of the cash flow.
To classify the market, consider the following: the gap between the FMR ($1,140) and the market rate ($974) implies a higher yield potential when properties are rented at or near the FMR. Yet, the absence of DOM data leaves a question mark on the speed and ease of leasing properties, which is crucial for short-term flipping strategies. Therefore, ZIP 53184 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market, due to the solid income levels supporting stable rental payments, despite the opportunity for higher yields.
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.