Location: Green County, WI | Metro: Green County, WI HUD Metro FMR Area
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 | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $226,784 | 0.45% | F |
| 3BR | $1,210 | $278,750 | 0.43% | F |
| 4BR | $1,340 | $307,736 | 0.44% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 53566, which covers Monroe in Green County, Wisconsin, are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2024 is set at $950. This figure is specifically tailored to reflect the rental conditions within ZIP 53566, ensuring it accurately represents the local market.
In contrast, the local market rent for a two-bedroom unit, according to the Census ACS, averages around $868. This discrepancy between the SAFMR and the actual market rent can be significant when considering whether to participate in the Section 8 program. Let's break down the payment structure for landlords.
A Section 8 voucher works by covering the difference between what a tenant can afford and the SAFMR. Typically, tenants are required to pay 30% of their adjusted income toward rent. For simplicity, let's assume a tenant's adjusted income is such that they would pay $285 towards rent, which is approximately 30% of the SAFMR. The remainder of the rent, up to the SAFMR, is then covered by the housing authority. In this case, the housing authority would reimburse the landlord $665 per month, bringing the total monthly rent to $950.
Beyond the base rent, there are utility allowances. These vary but generally add a fixed amount to the monthly reimbursement. For a two-bedroom apartment, the utility allowance might be around $100, though this can fluctuate based on local conditions and the specifics of the voucher. Thus, the total reimbursement to the landlord could be around $765 ($665 + $100).
To summarize, if you're a landlord in ZIP 53566, the typical reimbursement for a two-bedroom apartment under a Section 8 voucher would be $765. Given that the average market rent is $868, participating in the Section 8 program would result in a $103 shortfall per month for a landlord, assuming they charge the average market rent. If you set your rent at the SAFMR level of $950, the shortfall would increase to $185 per month.
This analysis provides a clear picture of the financial implications for landlords in this specific ZIP code. It's important to consider these figures carefully before deciding to accept Section 8 vouchers, as they directly impact your rental income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.