Section 8 Fair Market Rent (FMR) for ZIP 53582 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

To determine if you should buy in ZIP code 53582 for Section 8 investments, follow this decision tree:

1. Does the Fair Market Rent (FMR) of $1030 for fiscal year 2024 cover the debt service on a property?

• Yes: If the FMR of $1030 can cover the debt service, then you have a solid financial foundation for your investment. Proceed to the next question.
• No: If the FMR of $1030 does not cover the debt service, buying in ZIP 53582 would not be advisable under the current conditions.

2. Is the market rent of $890 above, at, or below the FMR?

• Above: If the market rent exceeds $1030, then the potential to earn additional income beyond what is covered by Section 8 vouchers exists. This makes the area attractive for investment.
• At: If the market rent is exactly $1030, you can expect to break even on rental income without any surplus. This scenario is less favorable but still viable if other factors align positively.
• Below: If the market rent is $890 or lower, there's a risk that you won't be able to cover all operational costs with the voucher amount alone. This situation reduces the attractiveness of the ZIP code for Section 8 investments.

3. Are 12.6% of residents renters and is the days-on-market (DOM) sufficient to ensure demand?

• Yes: With 12.6% of residents being renters and assuming a reasonable DOM, there is likely enough demand to sustain Section 8 tenancy. However, the exact DOM figure is missing, which is critical to understand how quickly properties are rented out.
• No: If the percentage of renters is significantly lower than 12.6%, or if the DOM is too high, indicating slow turnover, then demand for rental properties might not support a Section 8 investment strategy.
• It Depends: The answer relies heavily on the DOM figure. A low DOM suggests strong demand, whereas a high DOM indicates weaker demand. Without a specific DOM number, it's difficult to provide a definitive recommendation.

Note: The missing DOM figure for ZIP 53582 limits a full analysis. For a complete assessment, the DOM must be evaluated alongside the other factors.

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.