Location: Grant County, WI | Metro: Iowa County, WI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 53543 suggests a balanced market with implications for both pricing power and rental dynamics. With a median home value at $285,119, the area reflects a stable housing environment where property values have remained consistent. The absence of data on the percentage of listings that have been reduced and the median days on market (DOM) indicates a market that is neither overly saturated nor experiencing a significant shortage of inventory. This stability can be interpreted as a sign that homeowners and sellers have moderate pricing power, allowing them to maintain asking prices without drastic reductions.
On the rental side, the Federal Market Rent (FMR) for ZIP 53543 in fiscal year 2024 is set at $910, while the current market rent stands at $733 according to the Census American Community Survey (ACS). This discrepancy between the FMR and actual market rents points to an opportunity for landlords to potentially increase their rental rates closer to the FMR level, reflecting a more favorable rental environment as the government benchmark typically aligns with the average fair-market rent for similar units.
For long-term investors, the setup in ZIP 53543 does not strongly indicate a robust appreciation thesis based on the available data. The steady median home value and the lack of significant DOM trends suggest that while there may be modest growth in property values, it is unlikely to be substantial. Investors should focus on maintaining properties and adjusting rental prices to keep pace with the FMR, ensuring a solid cash flow rather than relying on significant capital appreciation.
Moreover, the gap between the FMR and current market rents presents a practical avenue for increasing revenue through rent adjustments, which can help offset any potential maintenance costs and provide a steady income stream. However, such adjustments should be made thoughtfully, considering local economic conditions and tenant affordability.
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.