Location: Lafayette County, WI | Metro: Lafayette County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
ZIP code 53530, located within Lafayette County, WI, exhibits characteristics that position it as a mid-tier neighborhood within its metro area. The Family Monthly Rent (FMR) for the metro area in fiscal year 2026 is set at $1,050, which serves as a benchmark for affordable housing subsidies. In comparison, ZIP 53530 has a market rent of $868, indicating that rental prices are below the metro average, making it slightly more affordable for tenants.
The median home value in ZIP 53530 stands at $224,758, which is also lower than the typical home values found in other ZIP codes within Lafayette County. This suggests that property owners in 53530 might be able to acquire properties at a relatively lower cost compared to the rest of the county, potentially offering a good investment opportunity.
A key figure to consider is the 22.2% renter share, which is indicative of a moderate proportion of renters within the ZIP code. While this percentage is not exceptionally high, it does suggest a reasonable demand for rental properties. However, it's worth noting that a higher renter share combined with below-metro home values can signal a Section 8 sweet spot, where there is a greater likelihood of tenants utilizing federal housing assistance programs.
To determine if ZIP 53530 is a value pocket or a premium sub-market, we must examine how its metrics align with those of the broader Lafayette County, WI metro. Given the below-average market rent and home values, coupled with a moderate renter share, it is clear that 53530 leans towards being a value pocket. Landlords and small-portfolio investors looking for areas where they can offer subsidized rents without significantly compromising on investment costs would find ZIP 53530 attractive.
However, the actual classification could vary depending on additional factors such as employment rates, school quality, and crime statistics, which are not provided here. Nonetheless, based on the given data, ZIP 53530 presents itself as a mid-tier neighborhood with value pocket potential, particularly appealing for those interested in leveraging Section 8 tenants.
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.