Location: Richland County, WI | Metro: Richland County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 53584, located within the Richland County, WI metro area, presents a unique scenario when compared to typical ZIP codes in the county. Its Fair Market Rent (FMR) stands at $980 for fiscal year 2026, which is a key figure for understanding the rental landscape in this area.
While specific data on market rent and home values for ZIP 53584 are not available, we can infer its position within the metro based on the FMR alone. An FMR of $980 suggests that this ZIP code is likely to be a value pocket within the Richland County, WI metro. This is because the FMR represents the maximum amount of rent that a low-income household should pay to avoid being cost-burdened, and it typically reflects the lower end of the rental market spectrum.
The fact that the renter share in ZIP 53584 is 0.0% indicates an absence of reported renters, which could mean that the majority of housing units are owner-occupied. However, this does not necessarily negate the potential for rental opportunities, especially for Section 8 tenants who might seek out affordable housing options. The lack of data on market rent and home values complicates a direct comparison to other ZIP codes in the county, but it also highlights the niche nature of 53584 as a potentially underexplored market for landlords and investors.
In conclusion, ZIP 53584 appears to be a value pocket within the Richland County, WI metro, given its FMR of $980. This ZIP code's characteristics diverge from the typical pattern seen in many other areas, where a higher renter share often correlates with below-average home values. The absence of renters in reported data does not preclude the possibility of attracting Section 8 tenants, making it a strategic location for those interested in affordable housing investments.
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.