Location: Green County, WI | Metro: Madison, 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 | $1,150 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,020 | $409,362 | 0.49% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 53574 presents a dynamic scenario that can be analyzed through several key indicators. The Fair Market Rent (FMR) for the area stands at $1250 for fiscal year 2024, which is notably higher than the reported market rent of $980 based on Census American Community Survey (ACS) data. This discrepancy suggests that there might be a gap between what the government deems as fair rent and what the actual market conditions reflect, potentially indicating a less expensive rental environment compared to broader regional standards.
The median home value in ZIP 53574 is $445,904. While this figure alone does not provide a complete picture of the housing market, it can be inferred that homeownership is relatively affordable when compared to other areas with similar economic profiles. The absence of specific data regarding the percentage of price-cut share and days on market (DOM) makes it challenging to assess the exact balance between supply and demand, but the lower-than-FMR rental prices suggest that there could be a slight surplus of rental properties, putting downward pressure on rents.
With a renter share of 16.4%, the long-term housing pressure in ZIP 53574 appears to be relatively low. This statistic indicates that the majority of residents own their homes, reducing the reliance on rental markets. However, the presence of a significant rental market, albeit smaller than the ownership market, ensures that there will always be some level of housing pressure due to the needs of renters. Landlords and small-portfolio investors should be aware that while the rental market is not overly saturated, it remains an important segment of the local housing ecosystem, supporting those who prefer or need to rent rather than buy.
The current snapshot of the ZIP 53574 market shows a balance that favors affordability and stability, with rental prices below the FMR threshold and a substantial homeownership base. This environment supports both long-term investment strategies and short-term rental operations, provided that investors keep a close eye on local trends and adjust their strategies accordingly.
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.