Location: Madison, 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 | $1,380 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,370 |
| 4 Bedrooms | $2,620 |
| 5 Bedrooms | $3,039 |
| 6 Bedrooms | $3,404 |
| 7 Bedrooms | $3,676 |
| 8 Bedrooms | $3,860 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,590 | $190,293 | 0.84% | C |
| 2BR | $1,810 | $305,540 | 0.59% | F |
| 3BR | $2,370 | $456,399 | 0.52% | F |
| 4BR | $2,620 | $544,689 | 0.48% | F |
| 5BR | $3,039 | $650,760 | 0.47% | F |
U.S. Census Bureau data (2024)
ZIP code 53719 in Madison, Wisconsin, stands out within Dane County due to its unique demographic and economic characteristics. With a population of 34,115 residents, it has a significant rental market, with 50.7% of the residents renting their homes. The median income for households in this ZIP is $92,052, indicating a relatively affluent area. However, the median home value of $433,420 suggests that homeownership is more costly compared to other parts of the county.
The voucher economics in ZIP 53719 are favorable for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,550, while the market rent, as measured by the Zillow Rent Index (ZORI), is $1,728. This means that landlords can expect a slightly higher market rate than the voucher amount, which could be beneficial for maintaining profitability and covering operational costs.
When evaluating the stability of ZIP 53719, the data indicates a transitional period. The high percentage of renters and the disparity between the FMR and market rates suggest that the housing market is dynamic, with potential for growth in both rental demand and property values. However, the median income level provides a strong foundation for sustained economic activity, making the area less risky compared to more volatile markets.
To summarize, ZIP 53719 offers a mix of advantages for landlords and small-portfolio investors, including a robust rental market and an above-average median income. The economic indicators point towards a transitional phase, with opportunities for growth and increased returns on investment. Landlords should consider these factors when planning their rental strategies in this ZIP code.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.