Location: Iowa County, WI | Metro: Iowa County, WI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
To classify ZIP code 53535 in Unknown, WI, we need to analyze the available data on yield and stability. The Fair Market Rent (FMR) for the fiscal year 2024 is listed at $990. This figure represents the maximum amount a landlord can charge for rent under the Section 8 program, which directly impacts the yield potential of the area.
However, the data lacks specifics regarding the local market rental rates and median home values. Without these comparative figures, it's challenging to assess whether the FMR of $990 provides a high yield relative to the market. Typically, if the FMR significantly exceeds market rates, it could indicate a high-yield opportunity. Conversely, if market rates are similar or higher, the yield would be considered average or low.
Moving on to stability, there are no percentages given for the proportion of renters in the area, nor is there any information on the days on market (DOM) for rental properties or the average income level of residents. These metrics are crucial for determining the stability of cash flow and the financial health of potential tenants.
Given the limited data, we cannot definitively classify ZIP 53535 as either a high-yield/low-stability flip-style market or a steady-cashflow zone. The presence of an FMR suggests some level of government intervention, which might imply a less stable market due to potential fluctuations in subsidy availability and tenant turnover. However, without additional context on local market conditions, income levels, and rental trends, the classification remains ambiguous.
To make a more informed decision, landlords and small-portfolio investors should seek out supplementary data on local rental market dynamics and tenant income levels. This will provide a clearer picture of the yield and stability prospects in ZIP 53535.
Data Sources: FMR data from HUD (2027).
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.