Location: Iowa County, WI | Metro: Iowa County, WI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
U.S. Census Bureau data (2024)
The ZIP code 53526 is primarily a homeowner-dominated area rather than a renter-heavy one. With only 13.0% of its population renting, it indicates that deep voucher demand is unlikely. The median household income in this area stands at $79,286, which contrasts sharply with the market rent of $1,094 per month.
To put this into perspective, the typical rent consumes approximately 13.8% of the local median income. This figure is calculated by taking the monthly rent ($1,094) and dividing it by the annual median income ($79,286), then multiplying by 12 to find the percentage of annual income spent on rent. This suggests that the majority of residents can afford market rates without significant financial strain.
Comparing the market rent to the Fair Market Rent (FMR) set by HUD, which is $910 for fiscal year 2024, reveals that the market rent in ZIP 53526 is above the FMR. Landlords in this area should not expect a high volume of Section 8 tenants due to the lower percentage of renters and the higher market rents compared to the FMR.
The tenant profile expected in this ZIP code would likely be individuals or families who can afford to pay market rate rents. These tenants are typically employed and have stable incomes that align with the median household income of the area. While some may qualify for Section 8 vouchers, the overall demand is low, and landlords should prepare for a tenant pool that values properties at or slightly below market rates but above the FMR.
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.