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 analysis of ZIP code 53554 reveals a unique balance between yield potential and market stability. On the yield axis, the Federal Market Rent (FMR) for the fiscal year 2024 is set at $920. This figure exceeds the local market rent of $858, indicating that landlords can potentially charge slightly above market rates, which is advantageous for maximizing rental income. However, when juxtaposed against the median home value of $244,750, the FMR suggests a moderate yield environment rather than a high-yield scenario typically associated with flipping properties.
Moving to the stability axis, ZIP 53554 exhibits characteristics that both support and challenge long-term investment strategies. The percentage of renters stands at 18.3%, which is relatively low compared to typical rental markets. This implies a higher proportion of homeowners, reducing the pool of potential tenants. Additionally, the lack of data on days on market (DOM) suggests variability in the time it takes to lease out properties, adding an element of uncertainty to cash flow projections. The average household income of $74,063 is stable but does not indicate a robust economy that would guarantee high tenant demand or ability to pay premium rents.
Based on these figures, ZIP 53554 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market suitable for flipping properties. The slight premium landlords can command over market rent due to the FMR supports a modest yield increase. Meanwhile, the relatively low renter population and uncertain leasing times highlight the importance of selecting properties with strong appeal to maintain consistent occupancy and cash flow. Investors should focus on areas within this ZIP code that have higher concentrations of renters or are more attractive to potential tenants to ensure a steady return on investment.
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.