Location: Green County, WI | Metro: Janesville-Beloit, 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 | $820 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,440 | $388,690 | 0.37% | F |
U.S. Census Bureau data (2024)
The ZIP code 53502 stands out due to its relatively low number of residents at 2,393, with only 15.5% of them renting their homes. The median income for this area is $87,000, which is above the national average, and the median home value is notably high at $349,084. These figures suggest that 53502 is a desirable location with a strong homeownership preference.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 53502 in fiscal year 2024 is set at $950. This is significantly higher than the market rent of $856, as reported by the Census Bureau's American Community Survey. Landlords and small-portfolio investors can leverage this discrepancy to secure tenants who can afford higher rents through government assistance, while still remaining competitive in the local rental market.
The data signature for ZIP 53502 reads as stable. With a high median income and home values, combined with a modest percentage of renters, the area shows little indication of rapid change. The rental market appears to be steady, with limited fluctuations expected in the near future. For investors, this stability offers a predictable environment, conducive to long-term planning and investment strategies.
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.