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 | $960 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,260 | $271,876 | 0.46% | F |
| 3BR | $1,600 | $373,142 | 0.43% | F |
| 4BR | $1,660 | $418,229 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 53536, located in Evansville, WI, has a population of 9,547 individuals, with 22.5% being renters. This indicates that while there is a significant portion of the population renting, it is not a renter-heavy area. The median household income stands at $87,667, which provides a solid financial base for potential tenants. However, the typical market rent of $1,081 suggests that rent consumes approximately 12.3% of the median household income, calculated as ($1,081 / $87,667) * 100%. This percentage is reasonable but does not indicate a high demand for rental properties.
Comparing the market rent to the Fair Market Rent (FMR) of $1,060 for FY 2024, it's clear that the actual rent is slightly above the FMR. This could mean that landlords might face some competition when it comes to tenants who rely on housing vouchers. However, given the relatively low percentage of renters and the income level of the area, it is unlikely that there will be an abundance of voucher holders seeking housing in this ZIP code.
A landlord in ZIP 53536 can expect tenants who are likely employed and earning close to the median income. These tenants would be able to afford the market rent without relying heavily on subsidies. They may be young professionals, families, or retirees looking for comfortable and affordable living spaces in a suburban environment. While there will be some demand for rental units, it is important to note that the majority of residents in this area own their homes, indicating a preference for homeownership over long-term rentals.
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.