Section 8 Fair Market Rent (FMR) for ZIP 53523 - 2027

Location: Jefferson County, WI | Metro: Madison, WI HUD Metro FMR Area

Investment Score for ZIP 53523

Monthly Rent (2BR)

$1,530

Median Price (2BR)

$293,729

1% Rule

0.52%

Annual Yield

6.25%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,150
1 Bedroom	$1,340
2 Bedrooms	$1,530
3 Bedrooms	$2,020
4 Bedrooms	$2,260
5 Bedrooms	$2,622
6 Bedrooms	$2,937
7 Bedrooms	$3,172
8 Bedrooms	$3,331

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,530	$293,729	0.52%	F
3BR	$2,020	$426,906	0.47%	F
4BR	$2,260	$526,075	0.43%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,074

Median Household Income

$102,188

Housing Units

2,370

Renter Percentage

19.1%

Occupancy Rate

91.1%

Renter Occupied

413

The Christiana, WI (ZIP 53523) real estate market presents a stable environment for landlords and small-portfolio investors. Nestled in Waukesha County, this area is characterized by its suburban charm and proximity to Milwaukee, offering residents a blend of rural living and urban amenities.

Fair Market Rent (FMR): The FMR for ZIP 53523 in fiscal year 2024 is set at $1250, providing a benchmark for rental pricing.
Market Rent: According to Census ACS data, the average market rent in the area is $1,211, slightly below the FMR but still indicative of a strong rental market.
Median Home Value: The median home value in Christiana stands at $420,718, reflecting a robust housing market with potential for property appreciation.
Renter Share: Renter share of the population is 19.1%, suggesting a moderate demand for rental properties.
Days on Market (DOM): While the exact days on market for rental listings is not available, the area's steady rental prices imply consistent tenant interest and turnover.
Median Income: With a median income of $102,188, residents have the financial stability to support rental payments and maintain properties.

In summary, the Christiana, WI market offers a balanced opportunity for investment. The slight disparity between FMR and actual market rent indicates room for modest increases, while the high median income supports the ability of tenants to meet these higher rents. A moderate renter share suggests that there is a steady but not overwhelming demand for rental units, making it a viable option for those looking to diversify their portfolio without the risks associated with highly competitive markets. The median home value also points to potential capital gains for long-term investments. Overall, Christiana provides a solid foundation for both short-term rental income and long-term property appreciation.

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.