Location: Grant County, WI | Metro: Grant County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 53801 stands out in terms of its unique demographic and economic characteristics. With a total population of 998 residents, only 16.4% of whom rent their homes, this area has a predominantly owner-occupied housing market. The median income for households in this ZIP is $65,357, which is relatively modest compared to the median home value of $142,260. This suggests that homeownership is accessible but not necessarily easy for all residents.
Moving into the specifics of Section 8 economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. However, the market rent for the ZIP code is not available, indicating a lack of recent data on rental rates. This absence can make it challenging to gauge the exact impact of Section 8 vouchers on the local rental market. Landlords should be aware that the $970 FMR could be a critical benchmark for setting rents that are attractive to voucher holders, even if it does not fully reflect the current market conditions.
Given the limited data available on market rents, the overall economic situation in ZIP 53801 appears stable rather than transitional. The modest median income alongside the higher median home value indicates a balanced market where homeownership is possible but requires careful financial planning. For landlords considering participation in the Section 8 program, the FMR figure provides a useful guideline for setting rents that align with government assistance levels, ensuring that the properties remain affordable to those with vouchers.
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.