Location: Grant County, WI | Metro: Grant County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 53802 presents a dynamic rental market with clear indications of ongoing housing pressures. The Fair Market Rent (FMR) set at $970 for the fiscal year 2026 reflects the government's assessment of what is considered affordable for low-income households in the metro area. This figure stands above the actual market rent reported at $729, based on recent Census ACS data, suggesting that there might be upward pressure on rents as the market adjusts to meet the affordability standards.
The significant disparity between the FMR and the current market rent points to a potential undersupply of affordable units relative to demand. While specific metrics such as the percentage of listings requiring price cuts and days on the market (DOM) are not available, the overall trend indicates a market where demand could be outpacing supply, particularly for affordable housing options.
Arenter share of 32.4% further underscores the persistent housing challenges in ZIP 53802. This high proportion of renters suggests that homeownership may be less attainable for many residents, likely due to financial constraints or other barriers. As a result, the rental market remains a critical component of the local housing landscape, with long-term implications for both landlords and small-portfolio investors. The high renter share implies sustained demand for rental properties, which can be beneficial for those invested in the rental sector, but also highlights the need for continued attention to the balance between supply and demand.
In summary, ZIP 53802 operates under conditions indicative of a rental market in flux, driven by the interplay between government-set affordability benchmarks and the realities of the local housing economy. Landlords and investors should remain vigilant to these dynamics, positioning themselves to capitalize on the robust demand while being mindful of the regulatory environment and the evolving needs of tenants.
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.