Section 8 Fair Market Rent (FMR) for ZIP 53708 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,200
1 Bedroom	$1,380
2 Bedrooms	$1,570
3 Bedrooms	$2,050
4 Bedrooms	$2,270
5 Bedrooms	$2,633
6 Bedrooms	$2,949
7 Bedrooms	$3,185
8 Bedrooms	$3,344

Based on the available data, ZIP 53708 is positioned within the Madison, WI HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 53708 in fiscal year 2024 is set at $1370 for a standard unit. However, specific market rent and home value figures for ZIP 53708 are not provided, which makes direct comparisons challenging.

The typical Madison, WI HUD Metro FMR Area ZIPs would have similar FMRs, given that ZIP 53708 aligns closely with the overall area's FMR of $1372 for a two-bedroom home. The lack of market rent and home value data suggests that ZIP 53708 could be a niche or less frequently analyzed sub-market within the larger Madison area.

Without precise market rent and home value figures, we cannot definitively categorize ZIP 53708 as a value pocket, mid-tier neighborhood, or premium sub-market. However, the absence of data might indicate a unique characteristic of the ZIP, such as a higher concentration of subsidized housing or a mix of property types that don't conform to typical market trends.

The N/A renter share also complicates the analysis. Typically, a high renter share with below-average home values could signal a potential sweet spot for Section 8 landlords. But since the exact share is unknown, this inference remains speculative. Landlords and small-portfolio investors should consider conducting a thorough local analysis to understand the specific dynamics of ZIP 53708 within the broader Madison market.

Data Sources: FMR data from HUD (2027).

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.