Section 8 Fair Market Rent (FMR) for ZIP 53571 - 2027

Location: Columbia County, WI | Metro: Madison, WI HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,150
1 Bedroom	$1,340
2 Bedrooms	$1,530
3 Bedrooms	$2,050
4 Bedrooms	$2,260
5 Bedrooms	$2,622
6 Bedrooms	$2,937
7 Bedrooms	$3,172
8 Bedrooms	$3,331

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

367

Median Household Income

$65,729

Housing Units

196

Renter Percentage

57.1%

Occupancy Rate

100.0%

Renter Occupied

112

The ZIP code 53571, located in Wisconsin, is characterized by a strong rental market and a relatively stable economy. The area benefits from a significant portion of renters and offers insights into the financial landscape through key metrics such as median family income and Fair Market Rent (FMR).

The Fair Market Rent for ZIP 53571 in fiscal year 2024 is set at $1340, providing a benchmark for rental rates in the region.
The market rent for the area is currently unavailable, which may indicate limited data or a niche market that doesn't fully align with broader trends.
The median home value in ZIP 53571 is also unavailable, suggesting that the area might be predominantly focused on rentals rather than homeownership.
Renters make up 57.1% of the population in this ZIP code, indicating a robust demand for rental properties.
The days on market (DOM) figure is unavailable, possibly due to limited sales activity or recent changes in the local real estate market.
The median income for families in ZIP 53571 stands at $65,729, offering a glimpse into the economic stability and potential rental affordability of the area.

In summary, ZIP 53571 presents a favorable environment for rental investments, particularly given the high percentage of renters and the established Fair Market Rent. While specific market rent and median home value data are lacking, the strong rental market share and steady median income suggest that rental properties priced around the FMR could attract consistent tenants. Landlords and small-portfolio investors should focus on properties that can be rented out for approximately $1340 per month, aligning with the FMR guidelines and catering to the local economic conditions.

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.