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 53804, located within the Grant County, WI metro, exhibits characteristics that place it firmly within the realm of a mid-tier neighborhood. Its Fair Market Rent (FMR) for fiscal year 2026 is set at $970, which is higher than the average market rent of $642, indicating a subsidized rental market that is above the local average but not excessively so.
A key figure to consider is the home value of $185,466. This value suggests that properties in ZIP 53804 are moderately priced compared to the overall county, making it an attractive area for both landlords and small-portfolio investors who seek a balance between investment cost and potential returns. The FMR, being higher than the market rent, implies that there is a segment of the population benefiting from Section 8 subsidies, thus potentially stabilizing the rental market and reducing vacancy rates.
The 10.7% renter share is notable but not particularly indicative of a Section 8 sweet spot, given that this percentage is relatively low compared to what might be expected in areas where Section 8 is heavily utilized. Typically, a higher renter share combined with lower-than-average home values would signal such a sweet spot, suggesting a concentration of subsidized renters in less expensive housing. However, since the home values in 53804 are not significantly below the metro average, this particular ZIP code does not fully align with that profile.
In summary, ZIP 53804 appears to be a stable mid-tier neighborhood within the Grant County, WI metro. While it offers some advantages for landlords due to the higher FMR and moderate home values, it lacks the specific combination of high renter share and low home values that would typically define a Section 8 value pocket. Investors should consider the broader economic context and trends within the metro to make informed decisions about this ZIP code's future potential.
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.